Which of the Following Is an Example of an Externality

question 496

Multiple Choice

Which of the following is an example of an externality?

• A)cigarette smoke that permeates an entire restaurant
• B)a flu shot that prevents a student from transmitting the virus to her roommate
• C)a beautiful flower garden outside of the local post office
• D)All of the above are correct.

Comprehend stocking strategies and their effects (e.g., the bullwhip effect).

Analyze the critical components of successful supply chain management (SCM) in large companies like Amazon.

Understand the concepts and importance of Customer Relationship Management (CRM).

Distinguish between different types of CRM systems and their targeted business scales.

---

Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist best known for his theory on love and intelligence.

Concrete

Referring to tangible or specific objects and events, as opposed to abstract concepts.

Tangible Objects

Physical items that can be perceived by the sense of touch, as opposed to abstract concepts or ideas.

Abstract Concepts

Ideas that do not have a physical form, often complex and not directly observable, such as justice or freedom.