John Recently Received His CPA License and Plans to Run

question 14

Multiple Choice

John recently received his CPA license and plans to run a small tax consulting business, so he just put up a website.What advantage does his business have over larger competitors?

• A)It has greater access to capital.
• B)It has superior distribution.
• C)It has more access to young talent.
• D)It can change direction quicker.
• E)It has well-defined bureaucratic systems.

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Definitions:

Ecological Issues

Concerns related to the impact of human activities on the environment, including pollution, loss of biodiversity, and climate change.

External Costs

Costs not borne by the producer or consumer of a good or service, but rather by third parties or the environment, often not included in the price of the good or service.

Hidden Environmental Cost

The indirect environmental impact and expenses not immediately apparent or accounted for in the pricing of goods and services.

Oil-Spill Clean Up

Oil-spill clean up involves the methods and technologies used to remove or mitigate the effects of oil spills in the environment, focusing on preserving marine and coastal ecosystems.