Which of the Following Is an Example of a Prevention

question 55

Multiple Choice

Which of the following is an example of a prevention cost?

• A) Fines for breach of environmental standards
• B) Employee health costs
• C) Implementation costs of new technology minimising risk of environmental damage
• D) Costs to monitor existing environmental systems in the organisation

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Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, essentially summarizing the demand side of the economy.

Policies

Guiding principles or courses of action adopted by an organization, government, or individual to achieve certain goals.

Stagflation

A situation in the economy where inflation and unemployment rates are high simultaneously.

Keynesian Demand Management

A strategy based on Keynesian economics that entails adjusting the level of demand in the economy through monetary and fiscal policy to manage economic cycles.