Why Was Times Beach, Missouri, Evacuated in 1983

question 15

Multiple Choice

Why was Times Beach, Missouri, evacuated in 1983?

• A)Soils had eroded so deeply in a large rainstorm that streets were irreparably damaged.
• B)Soils had become contaminated with dioxin.
• C)Soils had become infertile because of excessive agricultural use.
• D)Expansive soils damaged most of the buildings in town.

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Definitions:

Debt-Equity Ratio

A calculation that indicates the financial leverage of a firm, determined by dividing its overall liabilities by the equity of the shareholders.

Pre-Tax Cost

Pre-Tax Cost refers to the cost of an expense or investment before the deduction of taxes.

Required Return

The minimum expected return by investors for providing capital to a company or project, considering the risk involved.

EBIT

A profitability metric for a company that omits expenses related to interest and income taxes, known as Earnings Before Interest and Taxes.