Which of the Following Are the Three Major Elements of Developing

question 19

Multiple Choice

Which of the following are the three major elements of developing a vision?

• A)Feeling there is a reason to change what has always worked,changing to another method without sharing with staff,and mandating that the new method is the only way
• B)Believing in one's own intuition over other's views,implementing the new vision immediately,and limiting any evaluation method of the new idea that may be negative
• C)Constructing the major idea,getting the entire group to embrace the idea,and engaging everyone in the group to accomplish the vision
• D)Talking with others to get group input on a new vision,allowing those who agree with one's vision to implement and evaluate the idea,and telling the people who do not agree with the new vision they will be transferred to another unit

Understand and analyze the tools for internalizing positive and negative technology spillovers.

Interpret graphical representations of markets with externalities to identify equilibrium and socially optimal outcomes.

Analyze the role of government intervention in correcting market failures due to externalities through taxes and subsidies.

Differentiate between private and social costs, and private and social values.

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Definitions:

Leisure

Time spent away from work and other obligations, used for relaxation or chosen activities.

Uber

A technology platform that offers services such as ride-hailing, food delivery, and a freight transportation, revolutionizing traditional transportation and logistic services.

Income Effect

Variations in the income levels of an individual or within an economy, and how these variations influence the demand for specific goods or services.

Wage Decrease

The reduction in the rate of pay received by employees for their labor.