The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) Imposes

question 55

Multiple Choice

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) imposes criminal responsibility on a corporate officer even of relatively low rank who acts __________________ and is "in a position to detect, prevent, and abate a release of hazardous substances."

• A)in a supervisory capacity
• B)in a grossly negligent manner
• C)with reckless indifference to consequences
• D)knowingly and willfully

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Definitions:

Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity.

Office Equipment

Tangible items used in an office setting, such as computers, desks, and chairs, necessary for daily operations.

Liabilities

Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits.

Accounts Receivable

The money owed to a business by its clients or customers for goods or services provided on credit.