When an Externality Is Present in a Market,and Correcting It

question 99

Multiple Choice

When an externality is present in a market,and correcting it increases the efficiency of the market,we can conclude it is a:

• A) negative externality.
• B) positive externality.
• C) network externality.
• D) either a negative or a positive externality.

Acknowledge the role of internal rewards in motivating performance towards set goals.

Identify the factors affecting goal commitment and the moderating effects of goal characteristics on performance.

Understand the concept and role of coaching in management development.

Define emotional intelligence and its relevance to management development.

---

Definitions:

Learned Competencies

Skills and knowledge acquired through training and experience that contribute to a person's ability to perform certain tasks effectively.

Natural Talent

Inherent ability or aptitude in a particular activity or field without the need for prior learning or training.

Goal-related Tasks

Actions or activities specifically designed or undertaken to achieve a particular goal or objective.

Competent

Competent describes an individual or entity as being sufficiently skilled, knowledgeable, or capable in a particular area or task.