The Degradation of the Environment from Litter Is a

question 434

Multiple Choice

The degradation of the environment from litter is a

• A)a negative externality.
• B)free rider problem.
• C)Tragedy of the Commons.
• D)Both a and c are correct.

---

Definitions:

OTC

Over-the-counter, a term used to describe securities trading conducted directly between parties without the involvement of a central exchange.

Total Quality Management

A philosophy of continually lowering costs and improving the provision of services and products to customers.

ISO 9000 Certification

A family of quality management standards designed to help organizations ensure they meet customer and stakeholder needs within statutory and regulatory requirements.

External Failure Costs

Costs incurred when a customer receives a defective product.