In a Class Discussion, William Was Asked to Give a Concise

question 65

Multiple Choice

In a class discussion, William was asked to give a concise definition of externality. Which of the following would he give?

• A) the cost of doing business
• B) the negative effect of recycling
• C) the alternative to internal production runs
• D) a private company cost imposed on the public at large

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Definitions:

Grapevines

Informal channels of communication within an organization, often based on rumor or gossip, which can spread information quickly but sometimes inaccurately.

Transfer Information

The process of conveying data, facts, or knowledge from one person, place, or entity to another.

Inefficiently

The act of using more resources or taking more time than necessary to achieve a specific outcome, indicating a lack of effectiveness or productivity.

Furniture Placement

The strategic arrangement of furniture within a space to optimize functionality and aesthetics.