Which of These Activities Will Most Likely Impose an External

question 93

Multiple Choice

Which of these activities will most likely impose an external cost?

• A)An athlete works out at a gym.
• B)A secretary smokes a cigarette in a crowded break room.
• C)A young mother pushes her baby in a stroller.
• D)A construction worker eats a hotdog during his lunch break.

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Definitions:

Legal Enforcement Arm

Agencies or departments responsible for ensuring compliance with laws and regulations, and for enforcing penalties for violations.

Knowledge Workers

Knowledge workers are employees who primarily work with information or develop and use knowledge in the workplace, such as programmers, engineers, and scientists.

Psychological Contract

A psychological contract is the overall set of expectations held by the employee with regard to what he or she will contribute to the organization and that are held by the organization with regard to what it will provide to the individual in return.

Value Proposition

A statement or concept that explains how a product or service solves a problem, fulfills a need, or provides benefit to customers, distinguishing a company from its competitors.