Examlex
Below is a source followed by passage(s) from student papers. If the student has summarized, directly quoted, or indirectly quoted the source correctly, select the answer "Correct." If you believe the source is incorrectly summarized or plagiarized, select the answer "Incorrect."
"So why should we care about population growth in the world, in China, in the United States, or anywhere else? The primary reason is that each of us depends on the earth's life-support systems to meet our basic needs for air, water, food, land, shelter, and energy as well as our needs for a number of other natural resources that we use to produce an incredible variety of manufactured goods.
As our population grows and incomes rise, we use more of the earth's natural resources to satisfy our growing wants, and this increases our ecological footprints. The result can be degradation and depletion of the natural capital that keeps us alive and supports our lifestyles and economies."
⎯ Miller, G. Tyler, and Scott E. Spoolman. Environmental Science. 14th ed. Belmont: Brooks/Cole, 2013. Print. Page 94.
Student version: Population growth should concern everyone because of its potentially harmful effects. According to Miller and Spoolman, larger numbers of people consume a larger amount of the natural resources that are necessary for everyone's survival. If a growing population uses up or damages these natural resources, everyone's quality of life is threatened (94) .
Measurement Alternative
An accounting option that allows companies to report certain financial assets or liabilities at their fair market value rather than their historical cost.
Historical Cost
A valuation principle under which assets and liabilities are recorded at their original purchase price, without adjustment for inflation or market changes.
Current Cost
The amount of money that would have to be paid currently to replace an asset or to purchase a service.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or completion.
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