The Safe Drinking Water Act

question 41

Multiple Choice

The Safe Drinking Water Act:

• A) was passed in 1990 in response to contaminants found in public water systems by university-sponsored testing facilities in several states.
• B) assigns enforcement responsibility to the EPA.
• C) requires community water systems to send every customer an annual consumer confidence report disclosing the level of contaminants in the drinking water.
• D) limits the use of lead to 10 percent in any pipes through which drinking water flows.

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold, which shows the profitability of a company's core activities.

Return On Total Assets

A financial ratio that measures a company's profitability relative to its total assets.

Return On Equity

A profitability measure that calculates the amount of net income returned as a percentage of shareholders' equity.

Earnings Per Share

A measure of a company's profitability that calculates the portion of a company’s profit allocated to each outstanding share of common stock.