In Order to Avoid an Environmental Accident,a Business Should Take

question 36

Multiple Choice

In order to avoid an environmental accident,a business should take all of the following steps EXCEPT

• A)review current practices to learn whether any of their activities create a concern about health,safety,or breach of environmental regulations.
• B)keep up-to-date with current technology and best practices adopted across their industry.
• C)take every reasonable precaution to meet the latest standards.
• D)directors should not try to educate themselves about the business's activities and risks but rather hire knowledgeable individuals who can deal with potential environmental problems.

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Definitions:

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income Elasticity

A rephrased definition: The responsiveness of demand for an item to changes in the income of the people demanding the item.

Inferior Good

A good or service whose consumption declines as income rises, prices held constant.

Positive

Characterized by or denoting an effect, result, or attribute that is beneficial or conducive to growth or well-being.