Figure 11-1 ​

question 45

Multiple Choice

Figure 11-1
​

-Refer to Figure 11-1. For which two boxes is it the case that externalities arise because something of value has no price attached to it?

• A)Box A and Box B
• B)Box A and Box C
• C)Box B and Box D
• D)Box C and Box D

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Definitions:

Formalized Rules

Established regulations and procedures designed to guide behavior and operations within an organization or institution.

Division Of Labor

A system in which different individuals or groups are responsible for different tasks or aspects of production, promoting efficiency and expertise.

Management Change

The process, tools, and techniques to manage the people side of change to achieve a required business outcome.

Intrapreneurship

The act of behaving like an entrepreneur within a larger organization, including taking initiative and promoting innovative projects.