Practice Milestone 4- Microeconomics.docx - You passed this...

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You passed this Practice Milestone. When you take the actual Milestone, you must score 50% or higher to pass. 20 questions were answered correctly . 1 We can estimate the value of environmental goods by asking people about their willingness to pay for them, such as the amount they would be willing to pay to travel to national parks. This type of estimation is known as _________. contingent valuation hedonic pricing healthcare costs cost-benefit analysis CONCEPT Assessing Costs of Waste and Pollution--Environmental Economics 2 Which of the following is NOT a result of anthropomorphic climate change? Weather-related volatility is heightened. Private insurance is no longer available to some markets. The global level of atmospheric carbon has passed the threshold of 350 parts per million. Property in areas that are not polluted is worth more than property located in polluted areas. CONCEPT Assessing Costs of Anthropomorphic Climate Change--Regulatory Intervention 3
In process mapping, a(n) __________ is marked by a diamond. break decision activity start or end CONCEPT Process Mapping--Efficiency 4 All of the following are responsibilities of a CEO EXCEPT ____________. Duty to maximize their shareholder's investment Select a board of directors who will support the initiatives of the shareholders Gain support of the board of directors Disclosure accurate financials CONCEPT Sustainable Returns--Investor Impact 5 Process mapping involves all of the following EXCEPT __________.

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