According to the Text,which of the Following Is a Pitfall

question 36

Multiple Choice

According to the text,which of the following is a pitfall of planning?

• A)the acceptance of sacrificing solutions  
• B)a mistaken sense of certainty based on faulty assumptions  
• C)the inability of line personnel to accept the long-term benefits of planning  
• D)a need for expensive employee training before plans can be effectively implemented

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Definitions:

Common Resource

A resource that is available to all, but which can become depleted if overused, such as air, water, or public land.

Marginal Benefit

The added value or utility one experiences by consuming one more unit of a good or service.

Marginal Social Benefit

The extra advantage to the community from creating or using an additional unit of a product or service.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a good or service, including private and external costs.