Which of the Following Is an Example of a Positive

question 357

Multiple Choice

Which of the following is an example of a positive externality?

• A)Sue not catching the flu because she got a flu vaccine
• B)Mary not catching the flu from Sue because Sue got a flu vaccine
• C)Sue catching the flu because she did not get a flu vaccine
• D)Mary catching the flu from Sue because Sue did not get a flu vaccine

Comprehend the role of scienter in legal determinations related to fraud.

Recognize the ethical and legal issues involved in business dealings and the exploitation of trust or authority.

Differentiate between the various factors that can affect the enforceability of a contract such as concealment, duress, and undue influence.

Evaluate the relevance and application of legal doctrines in specific contractual disputes and case law.

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Definitions:

Month

A unit of time, approximately 30 days, used as a standard measurement for billing cycles, budgeting, and financial forecasting.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor costs.

Net Income

The total profit of a company after subtracting all expenses from revenues.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.