Which of the Following Is an Example of Detrimental Externality

question 10

Multiple Choice

Which of the following is an example of detrimental externality?

• A)A trailer's entry onto an overcrowded road that delays the movement of other vehicles.
• B)Fall in demand for gasoline in the US softens the price of gasoline in the global market.
• C)Government investment in energy generation from non-conventional sources.
• D)Society devotes huge quantity of its scarce resources for vital innovative activity.

Differentiate between circular runout and total runout.

Explain the significance of datum features in runout measurement.

Describe how runout tolerances affect manufacturing and quality assurance processes.

Understand the graphical representation of runout tolerances on engineering drawings.

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Definitions:

Break-Even Analysis

A calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, helping businesses to identify profitability thresholds.

PERT

An acronym for Project Evaluation and Review Technique, a project management tool used to plan, schedule, and control large projects.

Performance Milestone

Specific goals or targets reached in the progression of a project or performance of an individual or team, marking significant achievements or stages of development.

Variable Costs

Costs that change in proportion to the level of output or activity in a business.