Externalities Are Costs That Are Borne by Individuals Other Than

question 32

True/False

Externalities are costs that are borne by individuals other than those responsible for creating them.

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Definitions:

Transformation Process

The method by which inputs (such as raw materials, information, or labor) are converted into outputs (products or services) by an organization.

Continuous Manufacturing Organizations

Companies that use continuously running assembly lines, creating products with many similar characteristics.