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Read the following scenario and answer the question below.
The prevalence of ʺthrowaway mentalitiesʺ and increased packaging has amplified the consumption of paper and plastic in our society. Disposable plates, cups, and utensils are convenient, sanitary, and inexpensive. Further packaging also preserves freshness, prevents breakage, protects against tampering, provides information to consumers, and allows shipment of products over long distances. However, paper and plastic do not degrade readily in sanitary landfills.
Garbologist William Rathje found legible newspapers in landfills decades after disposal. Because trees used to make virgin paper and petrochemicals used to make plastics may soon become depleted, source reduction is the best solution to the waste dilemma. Denmark has banned the use of non -refillable beverage containers and McDonaldʹs restaurants in Austria and Sweden have been using biodegradable, compostable cutlery. Recycling has value as well, as long as the recycling loop is closed and people purchase recycled items. Bottle bills and municipal curbside collection provide recycling incentives.
Paper recycling is profitable if waste is properly sorted. All kinds of paper and cardboard are recyclable. Food and paperboard (uncorrugated thin coated board) can contaminate collections, however, reducing their value. After processing, paper and cardboard are used to make paper towels and paperboard for packaging cereal, shoes, and toys. Decapped, washed, and squashed plastic is recycled into carpets, pillows, and new bottles. Although low -density polyethylene, or LDPE (recycling symbol #4) , from grocery bags is the most widely used plastic, beverage bottle polyethylene terephthalate, or PETE (symbol #1) , and high-density polyethylene, or HDPE (symbol #2) , are the most widely recycled plastics.
Containers from toxic substances such as motor oil, pesticides, and solvents are not usually accepted with collected plastic because of contamination. Methods to reuse and recycle polystyrene are in development, although presently, Styrofoam is not collected with other plastics and so it is considered a contaminant as well.
-__________ are wastepaper contaminants that cannot effectively be recycled.
Consolidated Financial Statements
Financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the reporting of financial information globally.
Listed Public Company
A corporation whose shares are traded on a public stock exchange, allowing for widespread ownership by investors.
Protective Rights
Rights granted to minority shareholders or debt holders to protect their interest, which may include veto powers on major corporate actions.
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