What Is One Difference Between the Resource Conservation and Recovery

question 66

Multiple Choice

What is one difference between the Resource Conservation and Recovery Act (RCRA) and the Comprehensive Environmental Response, Compensation, and Liability Act (the Superfund Act) ?

• A)RCRA legislates nonmunicipal solid waste sites; the Superfund Act legislates municipal solid waste sites
• B)RCRA holds polluters accountable for the cost of the cleanup; the Superfund Act does not
• C)RCRA manages hazardous wastes being produced now; the Superfund Act cleans up abandoned or inactive hazardous waste sites
• D)RCRA cleans up abandoned or inactive hazardous waste sites; the Superfund Act manages hazardous wastes being produced now
• E)There is no difference between RCRA and the Superfund Act

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Definitions:

Work In Process Inventory

The value of all the materials, labor, and overhead costs for products that are partially completed by a company.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on units of production during a period, considering partially completed units.

Conversion Costs

The cost required to convert raw materials into finished products, typically including labor and overhead expenses.

Equivalent Units Of Production

A method used in process costing to convert partially completed units into a number of equivalent full units.