Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A)Evidence shows that measures to keep the environment clean represent a large percentage of the total costs of production for a firm in a country with strict environmental laws.
• B)There are significant incentives for firms to relocate from countries with strict environmental laws to countries with lax environmental regulation.
• C)Firms are unlikely to relocate their high-pollution production to countries with lax environmental laws because they fear that such moves will result in adverse effects on their reputations.
• D)Imposition of a tax on the production of a particular high-pollution product typically has a greater impact on consumer surplus than on producer surplus.

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Definitions:

Bruises

Marks on the skin resulting from injury caused by impact or pressure.

Internal Control

Processes adopted by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Account Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Payroll Register

A multicolumn form that is used to record payroll data.