Sustainable Cost Has Been Defined by Gray and Bebbington As

question 33

Multiple Choice

Sustainable cost has been defined by Gray and Bebbington as:

• A) The amount an organisation must spend to put the biosphere at the end of the accounting period back into the state (or its equivalent) it was in at the beginning of the accounting period.
• B) The amount an entity is able pay in a sustained way to repair damage to the environment and so achieve an acceptable level of inter-generational equity.
• C) The cost of sustainable production levels including opportunity costs of production foregone.
• D) The minimum amount that an entity will need to spend over the midterm to ensure that it meets its environmental commitments to bodies such as Environmental Protection Authorities.
• E) None of the given answers.

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Definitions:

Marginal Cost

The cost incurred from producing one additional unit of a product or service.

Output

The amount of goods or services produced by a business, industry, or economy.

Oligopolistic

Pertaining to an oligopoly, describing a market dominated by a small number of firms, leading to strategic behaviors among them.

Gas Stations

Facilities that sell fuel and engine lubricants for motor vehicles. Some may also offer convenience store goods and car wash services.