Which of the Following Is True of Sustainability

question 129

Multiple Choice

Which of the following is true of sustainability?

• A) It is a lack of information regarding what exists in the environment and what developments may occur.
• B) It is a system by which an organization is directed or controlled.
• C) It refers to the relationship between an organization's management, its employees, its stakeholders, and the government.
• D) It is a commitment to live and work in ways that protect the rights of both the present and the future generations.
• E) It does not apply to the non-living things present on earth.

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Definitions:

MSC (Marginal Social Cost)

The complete expense incurred by society for the production of one more unit of a good or service, encompassing both individual costs and any external effects.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and externalities.

Society

A large group of individuals who live in the same area, share a common culture, norms, and values, and are organized in a cooperative manner.

Negative Production Externality

A situation in which the production of goods or services imposes costs on third parties not involved in the transaction, often not reflected in market prices.