Which of the Following Is True of the Superfund

question 96

Multiple Choice

Which of the following is true of the Superfund?

• A)It gives a mandate to the state government to deal with hazardous wastes that have been spilled,stored,or abandoned.
• B)It identifies sites in the United States where hazardous wastes have been disposed of,stored,abandoned,or spilled.
• C)It levies extra tax on the people of a state where hazardous wastes have been improperly disposed.
• D)It does not permit states and private parties who clean up hazardous waste sites to seek reimbursement from the fund.

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Definitions:

Required Rate

This is often referred to as the minimum acceptable return on an investment, set by investors or managers.

Payback

The amount of time it takes for an investment to generate an amount of income or cash flow to recover its initial cost.

Annual Cash Flows

The total amount of money being transferred in and out of a business, measured yearly.

Required Rate

The minimum return that investors demand for investing in a particular asset, reflecting the risk of the investment.