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Externalities Are Effects of a Transaction That __________ People Who

question 15

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Externalities are effects of a transaction that __________ people who are not part of that transaction.


Definitions:

External Control

Mechanisms or practices imposed from outside an organization to ensure it meets legal, ethical, or standard compliance, such as regulatory measures.

Sales Representative

An individual who promotes and sells products or services for a company, often working on commission.

New Market

Refers to a previously untapped or emerging market space where a company can expand its product or service offerings.

Maintenance

Activities and practices aimed at keeping equipment, systems, and facilities in optimal working condition, as well as preserving the well-being and performance of employees.

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