Acid Rain

question 19

Multiple Choice

Acid rain:

• A) is precipitation containing high levels of phosphoric acid.
• B) is caused primarily by emissions from automobile parts manufacturers and petroleum refineries.
• C) is regulated by 1976 amendments to the Clean Air Act.
• D) is controlled by federal regulation that permits companies to bank or sell their emission allowances.

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Definitions:

Sale

The exchange of a product or service for money, constituting the main operational activity for most businesses.

Liability Account

An accounting record that holds the amounts owed by a company to creditors, suppliers, or lenders.

Terms

Conditions under which a sale is made, including payment timeframe, discounts, and penalties for late payment.

Discount

A reduction from the usual cost of something, or the act of lowering the price of goods, services, or securities.