Which of the Following Statements Regarding Cap and Trade Is

question 130

Multiple Choice

Which of the following statements regarding Cap and Trade is incorrect?

• A) It passed in the House of Representatives.
• B) It was similar to requirements imposed by the Kyoto Treaty.
• C) Liberals argues it was not an effective way to reduce pollution.
• D) Conservatives argued that it called for unrealistic decreases in carbon dioxide.
• E) The Senate failed to pass the legislation by a single vote.

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Definitions:

Partnership

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.

Sole Proprietorship

A business in which one person (sole proprietor) controls the management and profits.

Entity Partnership

A business structure where two or more entities join together in partnership to conduct business.

Limited Liability Company

A corporate framework that merges the tax benefits of a sole proprietorship or partnership with the protective limited liability found in a corporation.