An Important Factor in the History of Water Pollution Control

question 51

Multiple Choice

An important factor in the history of water pollution control is that

• A)the nonnational governments were without jurisdiction in controlling polluters within their boundaries.
• B)the national government pre-empted state-local roles when society recognized the effects of polluted water on neighboring jurisdictions.
• C)the nonnational governments were anxious for federal involvement.
• D)such control was a traditional role for the national government from the earliest days of the nation.

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Definitions:

Net Income

Profit of a company after all expenses and taxes have been subtracted from total revenue.

Matching Principle

An accounting principle that dictates that expenses should be recognized in the period in which the related revenues are earned, helping to ensure that financial statements are accurate.

Expenses

The outflows or using up of assets as part of operations of a business to generate revenue.

Revenue

The total amount of money generated by the sale of goods or services related to a company's primary operations during a specific period.