-Costs That Spill Over to Third Parties Are Called

question 67

Multiple Choice

-Costs that spill over to third parties are called

• A) opportunity costs.
• B) external costs.
• C) variable costs.
• D) public costs.

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Definitions:

Ethical Treatment

The fair and proper handling of all individuals, adhering to moral principles and professionalism.

Organization's Values

Core principles or beliefs that guide and shape an organization's decisions, behaviors, and culture.

Common Law

A legal system based on custom, court rulings, and past precedents rather than written laws.

Progressive Discipline

A process of dealing with job-related behavior that does not meet expected and communicated performance standards through a series of increasingly serious steps.