Since Almost All Forms of Transportation Produce Some Type of Pollution

question 158

Multiple Choice

Since almost all forms of transportation produce some type of pollution,

• A)the government should ban all transportation.
• B)the government should ban all pollution.
• C)society has to weigh the cost and benefits when deciding how much pollution to allow.
• D)refrain from intervening because the market can best solve this problem.

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Definitions:

Income Summary

An account used in closing entries to collect the revenue and expenses for a specific accounting period before transferring the net result to capital.

Expenses

Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.

Owner's Drawings

Withdrawals made by the owner of a sole proprietorship or partnership from the business for personal use.

Revenues

The total income generated from the sale of goods or services related to a company's primary operations.