Failure to Consider the Impact of a Positive Externality from an Activity

question 194

Multiple Choice

Failure to consider the impact of a positive externality from an activity results in

• A) an internality.
• B) too little of that activity.
• C) scarcity.
• D) too much of that activity.
• E) a negative externality.

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Definitions:

Covey

A small flock of birds, often used metaphorically to describe a group of similar things or individuals.

Organization

An entity composed of individuals and resources structured to achieve specific objectives or perform a set of tasks.

Planning

The process of setting goals, defining strategies to achieve those goals, and developing plans to integrate and coordinate activities.

Priority Oriented

An approach or methodology focused on identifying, organizing, and addressing tasks or objectives based on their importance or urgency.