You Have a Lively Discussion About Environmental Issues with a Fellow

question 56

Multiple Choice

You have a lively discussion about environmental issues with a fellow student in your class. This student tells you that her family has purchased a bio-diesel fuel generator and uses it to produce fuel for the family vehicles. They collect used cooking oil from local fast-food restaurants to supply the raw materials for this process. This demonstrates an understanding of which key topics of environmental literacy?

• A) Pollution prevention and waste reduction
• B) Renewable energy resources
• C) Environmentally sustainable economic systems
• D) Environmental worldviews
• E) All of these answers

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Definitions:

Sales Adjusted

Adjustments made to sales figures for returns, allowances, or discounts.

Direct Method

A cost allocation method that assigns costs directly to cost objects without using any intermediate cost pools or allocations.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid, respectively.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.