A Negative Externality Is a Situation in Which

question 273

Multiple Choice

A negative externality is a situation in which

• A) there is a spillover of benefits.
• B) a cost associated with an economic activity is borne by a third party.
• C) a firm is paying in excess of the total costs of producing a good.
• D) none of the above.

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Definitions:

Functional Departmentation

The process of dividing an organization into departments based on specific functions or tasks.

Skills and Responsibilities

The specific abilities and duties that are required or expected from an individual in their professional role.

Geographic Areas

Regions or spaces on Earth's surface with defined or perceived boundaries, characterized by specific geographical features.

Customer Types

Various categories into which customers can be segmented based on characteristics such as needs, behaviors, and demographics.