In a Situation Where an Externality Occurs, the "Third Party

question 155

Multiple Choice

In a situation where an externality occurs, the "third party" refers to those who

• A) buy the product from others.
• B) produce the product for others.
• C) trade the product with others outside the nation or community.
• D) are not directly involved in the transaction or activity.

---

Definitions:

Large Organizations

Refers to businesses or institutions with a wide scope of influence, often characterized by complex structures, significant employee numbers, and expansive operational capacities.

Scanlon Gain-sharing Program

A specific type of gain-sharing plan that focuses on employee involvement and participation to improve productivity and share the generated financial benefits.

Scrap

Discarded waste material, especially metal suitable for reprocessing.

Suggestions Provided

Recommendations or advice given, often aiming to improve a situation or solve a problem.