Which of the Following Is Not True About the Guidelines

question 18

Multiple Choice

Which of the following is not true about the guidelines for sentencing environmental wrongdoers set by the U.S.Sentencing Commission?

• A) The penalties reflect the severity of the offense and the company's demonstrated environmental commitment.
• B) Businesses having an active compliance program would receive lighter sentences in the event of a violation.
• C) Businesses having no active compliance program would be granted an extension to develop a program.
• D) Businesses that promptly assisted any victims would receive lighter sentences in the event of a violation.

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Definitions:

Variable Costing

An accounting method that only considers variable costs in the calculation of the cost of goods sold, excluding fixed costs.

Common Fixed Expenses

Operating expenses that do not vary with production volume, such as salaries and rent, shared across multiple products or departments.

Net Operating Income

A financial metric that calculates a company's operational profitability, excluding interest and taxes.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.