Which of the Following Best Illustrates an Externality

question 29

Multiple Choice

Which of the following best illustrates an externality?

• A) A worker agrees to work in a dangerous job because it is the best job the worker can get.
• B) A job is so dangerous that the employer cannot attract workers, resulting in a good not being produced despite the fact that it is valued by consumers.
• C) A local government imposes a payroll tax of $5 per hour on employers causing some jobs, that would have existed in the absence of the tax, to be lost.
• D) An employer and worker agree to produce a good with a production method that emits pollution on the nearby community.

Recognize the functional purposes of communication within an organization.

Understand different types of noise in the communication process and their impacts.

Recognize the role of nonverbal communications in different cultural contexts.

Understand the concepts of social distraction and emotional contagion within the communication process.

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Definitions:

Quality Cost Report

A document summarizing the costs associated with preventing, detecting, and rectifying product defects, including the costs of quality control measures.

Manufacturing Cycle Efficiency

A metric that measures the ratio of productive manufacturing time to total cycle time, aiming to assess production efficiency.

Increase

A rise in quantity, value, or some other measure, indicating growth or expansion.

Throughput Time

The total time taken from the start to the finish of a production process, including both processing and wait times.