Read the Following Scenario and Answer the Question(s) Below

question 27

Multiple Choice

Read the following scenario and answer the question(s) below.
Wetlands provide a multitude of ecological, economic, and social benefits. They provide habitat for many organisms and are nurseries for many saltwater and freshwater fishes and shellfish. Wetlands also hold and slowly release floodwater and snow melt, recharge groundwater, act as cleansing filters, recycle nutrients, and provide recreation. As of 2000, the contiguous United States was estimated to have about 105 million acres of wetlands remaining. Over the past 60 years, it has lost over 16 million acres of wetlands, and the loss continues at about 58,000 acres annually. Nearly one -third of the loss is due to urban development, with the rest being nearly equally divided between rural development, agriculture, and silviculture (predominantly logging) . The southeastern United States is experiencing the greatest losses. The Emergency Wetlands Resources Act of 1986 requires the Fish and Wildlife Service to conduct status and trend studies of the nationʹs wetlands and to report the results to Congress each decade. The overall goal is to have no more net loss of wetlands. In the past 5 years, money for flood control projects in Louisiana has been cut dramatically. During that time, two simulations, one of a category 4 hurricane and one of a category 5 hurricane, indicated catastrophic damage and loss of life along the Gulf Coast. The levees were predicted to break, and massive flooding to occur, in part due to the loss of the sheltering wetlands.
-Part of the reason for the lack of good flood control in the United States is that _______________.

• A) sufficient funding is actually present, but the groups to carry out the work are too small
• B) money has been tight, and government spending overall has been reduced
• C) government spending priorities have shifted, and flood control funds have been cut
• D) there has been no long-term planning that showed a need for flood control
• E) there is no use spending money for something we cannot control anyway

---

Definitions:

Master Budget

A comprehensive financial planning document that combines several individual budgets within a company, forecasting overall financial activities.

Credit Sales

Sales for which payment is not received at the time of transaction but is postponed to a future date, often involving terms of credit.

Finished Goods Inventory

The completed products that are ready for sale but have not yet been sold.

Raw Materials Inventory

The total cost of all the materials that are used in the production of goods, which have not yet been processed.