Examlex
Which of the following is not a good indicator of a child's readiness to participate in a particular sport?
Behavioural Approach
A method in psychology and management focusing on understanding and influencing human behavior through observation and empirical data.
Contingency Approach
A management theory stating that the best decisions are contingent on the situation and various variables involved.
External Cost
Costs incurred by third parties as a result of an economic transaction, which are not reflected in the transaction's market price, often necessitating government intervention.
Social Cost
The total cost to society, including both private costs incurred by individuals and external costs not accounted for by the market.
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