Read the Following Scenario and Answer the Question Below

question 46

Multiple Choice

Read the following scenario and answer the question 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 (EWR
A) of 1986 requires the Fish and Wildlife Service to conduct status and trend studies of the nation's wetlands and to report the results to Congress each decade, with the overall goal being no more net loss of wetlands. EWRA also established Bayou Sauvage National Wildlife Refuge along Lake Ponchartrain in New Orleans, Louisiana.
-In 2009, the G- 20 nations agreed to _____________

• A)of 1986 requires the Fish and Wildlife Service to conduct status and trend studies of the nation's wetlands and to report the results to Congress each decade, with the overall goal being no more net loss of wetlands. EWRA also established Bayou Sauvage National Wildlife Refuge along Lake Ponchartrain in New Orleans, Louisiana.
• -In 2009, the G- 20 nations agreed to _____________
• A)postpone developing renewable energy resources until 2050
• B)gradually phase out their fossil fuel subsidies
• C)increase subsidies to fossil fuel industries by 10- 12%
• D)set a goal to produce 60% of their energy from clean, renewable sources by 2030
• E)double the subsidies to fossil fuel companies

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Definitions:

Overstatement

When the reported amount or value of an asset, expense, or income is higher than the real amount.

Periodic Inventory System

An inventory system in which ending inventory and cost of goods sold are determined at the end of the accounting period based on a physical inventory count.

Physical Inventory

Physical inventory refers to the process of counting and verifying the physical stock of goods a company holds in its possession.

Net Income

The net income of a business following the deduction of all costs, such as operational expenses and taxes, from its overall revenue.