As of 2012,more Than 70% of the Cost of Toxic

question 67

Multiple Choice

As of 2012,more than 70% of the cost of toxic waste cleanup for most sites has been paid for by

• A)increasing taxes in the region affected.
• B)increased sales taxes in the affected state.
• C)federal dollars in the Superfund.
• D)the polluters.

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Definitions:

Historical Cost

The original monetary value of an asset or expense as recorded at the time of acquisition or incurrence, without adjusting for inflation or changes in value.

Fair Value

An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, not involving forced sale or liquidation.

Weighted Average

A mathematical calculation that takes into account both the magnitude and the significance of each number in a set to find an average value weighted by importance or size.

Homogeneous Products

Goods that are considered identical by consumers, and can be substituted for one another, such as commodities.