"Community Right to Know" Legislation

question 44

Multiple Choice

"Community Right to Know" legislation:

• A)requires an industry to disclose to the community the presence of certain hazardous chemicals.
• B)is the law in most states,under the 1958 amendments to Superfund.
• C)is only effective in those states which have adopted such requirements under state law.
• D)establishes a cradle-to-the-grave regulatory system.

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Definitions:

Withdrawal

The process of removing funds from a bank account or investment.

Prepaid Insurance

Coverage payments made in advance that are recorded as assets and then expensed over the period that the insurance policy covers.

Advance Payment

Payment made to a supplier or service provider before receiving the goods or services.

Expense

Expenditures made by a business during the revenue generation process.