An Example of the Command-And-Control Approach to Environmental Policy Is

question 7

Multiple Choice

An example of the command-and-control approach to environmental policy is:

• A) placing a tax on freon to reduce its use and the corresponding CFC emissions (which contribute to the ozone hole).
• B) requiring car producers to install new air conditioners that do not use freon.
• C) allowing coal producers to buy and sell permits to allow CFC emissions.
• D) allowing individuals to sue freon producers if CFC emissions exceed a government-set standard.

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Definitions:

Bank Collection

The process by which a bank processes items for payment, like checks or promissory notes, on behalf of its clients.

Adjusting Journal Entries

Entries made in accounting records to update balances at the end of an accounting period before financial statements are prepared.

Adjusted Cash Balance

A financial metric that reflects the amount of cash available after adjustments, often related to reconciling book and bank records.

Petty Cash Fund

A small amount of cash on hand used for minor or incidental expenses within a business.