Why Can't Accounting Systems Capture External Costs at Present

question 51

Essay

Why can't accounting systems capture external costs at present?

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Definitions:

Durable Power

This term is usually associated with "Durable Power of Attorney," a legal document allowing one person to make decisions on behalf of another, especially in health matters.

Living Will

A legal document stating an individual's preferences regarding medical treatment in situations where they are unable to communicate their decisions.

Surrogate

A substitute or representative who takes on the roles or duties of another, such as in medical decisions or pregnancy.

Roman Catholic

Pertaining to the largest Christian church, led by the Pope, with distinctive liturgical, legal, and theological traditions.