A Firm Produces a Product Valued by Many Loyal Customers

question 23

Multiple Choice

A firm produces a product valued by many loyal customers.In the process of producing the product,the firm produces a by-product that benefits the growth of fish and other aquatic life in the near-by stream.The impact of the firm's production on aquatic life is an example of:

• A)a moral hazard.
• B)an external benefit.
• C)an opportunity cost.
• D)a free rider advantage.

---

Definitions:

Interpersonal Treatment

The behavior and manner in which individuals interact with one another within an organization.

Interactional Justice

The fairness perceived in the communication processes used during the implementation of organizational procedures.

Downsizing Decision

The process of reducing an organization's workforce to improve efficiency or reduce costs.

Interpersonal Treatment

The behavior and manner in which individuals interact and treat each other within an organization, impacting the work environment and employee relations.