A Command-And-Control Policy

question 147

Multiple Choice

A command-and-control policy

• A) usually does not result in the use of the most efficient pollution abatement technology.
• B) does not affect the production costs of firms.
• C) usually finds the most efficient pollution abatement technology.
• D) increases the incentive for firms to develop efficient abatement technologies.

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Definitions:

Credit Terms

Credit Terms are the payment terms and conditions established by a seller, including the period that has to pass before an invoice is considered overdue.

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold at the end of an accounting period.