$\text { Table } 28.2$ In Table 28

question 66

Multiple Choice

$\begin{array}{c}\begin{array}{lll}\\\text {Extemal costs}\\\text {Private costs}\\\text {Social costs} \end{array}\begin{array}{c}\underline{\text { Firm A }}\\\$ 0 \\400\\\underline{\quad\quad} \end{array}\begin{array}{c}\underline{\text { Firm B }}\\\$ \\250\\350 \end{array}\begin{array}{c}\underline{\text { FirmC}}\\175 \\175\\\$\end{array}\begin{array}{c }\underline{\text { FirmD}}\\\$ \\200\\250\end{array} \end{array}$

$\text { Table } 28.2$ In Table 28.2, which firm has the greatest difference between social and private costs?

• A)FirmA
• B)FirmB
• C)FirmC
• D)FirmD

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Definitions:

High-Ranking Title

A designation or position of high status within an organization that signifies authority, responsibility, or professional achievement.

Empowerment

The process of giving individuals or groups more control, responsibility, and authority over their work or lives, leading to increased motivation and self-esteem.

Tight Control

A management approach characterized by strict and detailed monitoring and regulation of organizational processes and activities.

Work Assignments

Tasks or projects designated to employees or teams, typically as part of their job responsibilities.