Costs of Production Borne Not by the Enterprise That Causes

question 47

Multiple Choice

Costs of production borne not by the enterprise that causes them but by society are called:

• A) internal diseconomies.
• B) internal economies.
• C) benefits.
• D) externalities.

Grasp the requirements for employer compliance with workers' compensation laws.

Know the verification process for employment eligibility and the role of federal and state authorities.

Understand the rights of employees and unions under federal law, including collective bargaining and anti-discrimination protections.

Recognize the differences between federal and state laws regarding employee protection against discrimination.

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Definitions:

Rationality Limitations

The boundaries and constraints on human decision-making ability caused by cognitive limitations, incomplete information, and time constraints.

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Reimburses

Refers to the act of compensating someone for an expense they have incurred.