An Externality Can Be a Cost or Benefit Arising from the Production

question 3

Multiple Choice

An externality can be a cost or benefit arising from the production of a good that falls upon

• A) consumers but not producers.
• B) producers but not consumers.
• C) both the consumer and the producer.
• D) someone other than the consumer or producer.
• E) no one, so it goes unpaid.

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Definitions:

Personality Style

Characteristic patterns of thinking, feeling, and behaving that distinguish one individual from another.

Environmental Signals

Information or cues from the environment that indicate changes or trends, relevant to organizations for strategic planning.

Stress Situations

Scenarios that induce a high level of psychological or emotional strain, potentially affecting decision-making processes.

Sales Communicator

An individual skilled in communicating the benefits and features of a product or service to potential customers to facilitate sales.