Pete Throws Leftover Bread onto His Front Lawn Because He

question 17

Multiple Choice

Pete throws leftover bread onto his front lawn because he enjoys watching the pigeons feeding. His neighbor John is not happy about the pigeons, since they leave a mess on his property. This is an example of:

• A) a negative externality.
• B) a public good.
• C) privatization.
• D) third-party benefits.
• E) well-defined property rights.

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Definitions:

Functional Structure

A form of organization where the company is divided into departments each handling activities related to a particular function such as marketing, production, or human resources.

Divisional Structure

An organizational framework where operations are divided into semi-autonomous divisions, each responsible for its own product lines, operations, and resources.

Specific Skills

Specialized abilities and knowledge that are acquired through training or experience and are necessary for a particular job or activity.

Flatter Organizational Structures

Organizational structures characterized by fewer hierarchical levels, leading to shorter chains of command and potentially greater flexibility and employee empowerment.