Which of the Following Was Suggested by William Baxter

question 16

Multiple Choice

Which of the following was suggested by William Baxter?

• A)An optimal level of pollution can be achieved through competitive markets.
• B)Society can strive for pure air and water at a very low cost.
• C)From a strict market economic perspective, resources are infinite.
• D)All resources can be replaced by substitutes.

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Definitions:

Business Opportunities

Potential economic activities or ventures that can lead to profitability and growth.

Management by Objectives

A performance management approach where managers and employees work together to set, monitor, and achieve specific objectives.

Locke-Latham Goal-setting Model

A theory that suggests specific and challenging goals enhance task performance through principles of clarity, challenge, commitment, feedback, and task complexity.

Efficiency and Effectiveness

The degree to which tasks are accomplished in a timely, resource-saving manner while also achieving the desired outcomes.