Which of the Following Is Correct About Environmental Policy

question 34

Multiple Choice

Which of the following is correct about environmental policy?

• A) The national forests are subject to a dual use policy of preservation, recreation, and exploitation of the rich natural resources.
• B) The Environmental Protection Agency was elevated to cabinet status in 1998 by President Clinton and the Republican Congress.
• C) Environmental regulation has done little to improve air and water quality.
• D) Policymakers always give more consideration to environmental protection than to economic development when the two conflict.
• E) None of these answers is correct.

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Definitions:

Standard Costs

Estimated or predetermined costs of manufacturing a product or providing a service, used as benchmarks to measure actual performance.

Cost Of Goods Sold

The cost of goods sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including materials and labor costs.

Factory Overhead

The total of all indirect costs incurred in the manufacturing process, excluding direct materials and direct labor.

Direct Materials Price Variance

It represents the difference between the actual cost and the standard cost of direct materials used in the production process.