Costs That an Entity Imposes Upon Others as a Result

question 27

Multiple Choice

Costs that an entity imposes upon others as a result of its operations but which the entity typically ignores, are called:

• A) societal costs
• B) contingent costs
• C) externalities
• D) a and c

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Definitions:

Confidence Interval

A range of values, derived from a data set, that is likely to contain the value of an unknown population parameter with a certain degree of confidence.

Margin Of Error

The range of uncertainty or the maximum expected difference between the true population parameter and a sample estimate of that parameter.

Sample Standard Deviations

A measure of the dispersion or variability of a sample dataset, indicating how much the individual data points differ from the sample mean.

Equal Sample Sizes

A situation in statistical analysis where all groups or categories being compared have the same number of observations or data points.