The James Hardie Corporation Has Been Supplying Building Materials Since

question 20

Essay

The James Hardie Corporation has been supplying building materials since the early to mid 20th century.Its earlier products used asbestos,a material we now know to be toxic and dangerous to those that come into contact with it.As a consequence of the ill health suffered by its employees,James Hardie incurred significant environmental costs,which it continues to be held accountable for even today.It is doing its best to minimise these adverse costs,but they often nevertheless must be incurred.
Please identify any possible prevention,appraisal,internal failure and external failure costs that might have to be considered by James Hardie.

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Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the entire business, bearing all financial risks and responsibilities.

Partnership

A lawful business structure involving two or more people who distribute both the management responsibilities and the profits.

Sole Proprietorship

A business structure where a single individual owns and runs the business, responsible for all its debts and liabilities.

Debt Financing

Borrowing money that must be repaid over time, with interest.