Forms of Free Riding Behavior

question 14

Multiple Choice

Forms of free riding behavior

• A)​Always leads to underproduction
• B)​Occur in both external cost and public goods cases
• C)​Does not occur with common property resources, unlike public goods cases
• D)​Occurs with private goods, public goods and common property resources

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Definitions:

JIT Systems

JIT, or Just-In-Time Systems, refer to an inventory management strategy aiming to decrease waste and increase efficiency by receiving goods only as they are needed in the production process.

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and proficiency in that area.

Lean Operations

A structured strategy for decreasing waste in manufacturing processes without compromising on efficiency.

Just-In-Time Techniques

Supply chain management strategies focused on reducing inventory levels and increasing efficiency by receiving goods only as they are needed in the production process.