The ______ Environment Compromises Factors That Originate Beyond and Usually

question 74

Multiple Choice

The ______ environment compromises factors that originate beyond and usually irrespective of,any single firm's operating situation.

• A) Remote
• B) Industry
• C) Operating
• D) Internal

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Definitions:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.

Unethical And Illegal Behavior

Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.

Paradox Of Voting

The situation where the individual incentive to vote (given the small chance of influencing the outcome) contrasts with the collective benefit of everyone voting.

Rent-Seeking Behavior

Rent-seeking behavior occurs when individuals or firms seek to increase their own wealth without contributing to productivity, often through political manipulation or monopolistic practices.