Which of the Following Would Be Efficient from an Economic

question 52

Multiple Choice

Which of the following would be efficient from an economic perspective?

• A)​Reducing the crime rate to zero
• B)​Changing speed limits and safety requirements so that there were no traffic fatalities or injuries each year.
• C)​Completely eliminating the emission of greenhouse gases
• D)​None of the above would be efficient from an economic perspective.

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Definitions:

Management Exception

A policy or practice where managers intervene or take action based on significant deviations from expected results or predefined standards.

Actual Performance

The real, observed output, result, or productivity as opposed to planned or expected performance.

Opportunity Situation

Refers to a set of circumstances that presents a chance for an individual or organization to achieve a specific goal or benefit.

Management By Exception

A management strategy where managers intervene only when performance deviates significantly from set standards.