By Current U

question 171

Multiple Choice

By current U.S.law, anyone generating, storing, or transporting hazardous waste must pay to clean it up if it leaks or is otherwise discharged into the environment.This law has been in effect

• A)since World War II
• B)since 1960
• C)since 1970
• D)since 1980
• E)only since 1990

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Definitions:

Payment Terms

The conditions under which a seller will complete a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due and may include cash discounts for timely payment.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, usually calculated as a percentage of the retail sale price.

General Journal

A comprehensive accounting record of all transactions made by a company, presented in chronological order.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale and passed on to the government.