Major Causes of the Environmental Problems We Face Are ____________________

question 4

Short Answer

Major causes of the environmental problems we face are ____________________, wasteful and unsustainable resource use, poverty, failure to include the harmful environmental and health costs of goods and services in their market prices, and increasing isolation from nature.

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Definitions:

Standard Cost System

A cost accounting system that uses cost standards for materials, labor, and overhead to control actual costs and analyze variances.

Favourable Variance

A financial term referring to a situation where actual costs are less than budgeted costs, or actual revenues exceed budgeted revenues.

Variable Overhead Efficiency Variance

A measure of the difference between the expected variable overhead based on standard costs and the actual variable overhead incurred.

Flexible Budget

A report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.