Which of the Following Best Describes an Externality

question 258

Multiple Choice

Which of the following best describes an externality?

• A) something that is external to the economy
• B) a sales tax on a good in addition to the market price
• C) an effect of a transaction felt by someone other than the buyer or seller
• D) anything produced in other countries
• E) a change from what is normal

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Definitions:

Strategic Leadership

The ability of influencing others towards the achievement of organizational goals through long-term visioning and by setting a high-level strategic direction.

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled.

Strategic Implementation

The process of executing plans and strategies to achieve long-term goals within an organization.

Defender Strategy

A business approach focusing on defending existing market positions and focusing on product or service quality and reliability to retain customers.