Until the Early 1970s Environmental Pollution Was Not Subject to EPA

question 326

Multiple Choice

Until the early 1970s environmental pollution was not subject to EPA regulation. Which entity was primarily responsible for pollution litigation?

• A) the President
• B) the Army Corps of Engineers
• C) the Federal Trade Commission
• D) the Congressional Committees
• E) none of the other choices

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Definitions:

Par Value

Par value is the nominal or face value of a bond, stock, or other security, as stated by the issuing company in its charter.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuer, not considered when calculating earnings per share or dividends.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to shareholders, often reinvested in the business.

Dividend Restrictions

Limitations or rules imposed on a corporation's ability to pay dividends to shareholders, often due to legal, contractual, or financial conditions.