Identify a True Statement About the Environmental Legislation Enacted in the 1970s

question 2

Multiple Choice

Identify a true statement about the environmental legislation enacted in the 1970s.

• A)It overestimated the influence that businesses can have in establishing a law.
• B)It focused mainly on providing compensation after the occurrence of pollution or any other environmental harm.
• C)It shifted the burden from those threatened with harm to those who would cause the harm.
• D)It primarily addressed environmental concerns using tort law.

Recognize the strategies organizations use in responding to crises, including apology and compensation.

Assess the effectiveness of crisis plans through postcrisis review.

Understand how organizations can avoid PR disasters through transparency and swift action.

Analyze the role of corporate reputation initiatives in crisis recovery.

---

Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, or insurance.

Short Run

A period in economics during which at least one input is fixed, limiting the ability of a firm to adjust its production levels.

Monopolistically Competitive

refers to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and promotional differentiation.

Fixed Costs

Costs that do not change in total amount with a change in business activity level, such as rent or salaries.