The ______ Emphasizes Risk Avoidance Even When the Science Predicting

question 15

Multiple Choice

The ______ emphasizes risk avoidance even when the science predicting the risk is uncertain.

• A)precautionary principle
• B)tragedy of the commons
• C)polluter pays principle
• D)common but differentiated policy

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Definitions:

Watered Shares

Shares issued in exchange for property that has been overvalued. Also called watered stock. See also discount shares.

Overvalued

A financial situation where the price of an asset exceeds its intrinsic value.

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policy and strategy.

MBCA

The Model Business Corporation Act, a set of statutory provisions designed for the incorporation and operation of a business corporation.