Change the Oil in Your Car Yourself and Dump the Used

question 212

Multiple Choice

change the oil in your car yourself and dump the used oil down the sewer drain that ultimately flows into the local river.Based on this information,is this a transaction between you and the oil manufacturer?

• A) Yes, you paid for the oil and you can do with it as you like.
• B) Yes, the oil company adds a premium to the price to pay for oil cleanup in the environment.
• C) Yes, the oil will stay in the sewer and not hurt the ecosystem.
• D) No, this is an issue of personal social responsibility because the polluted water affects others in the society at large.
• E) No, this is an issue solely between you and your neighbors.

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Definitions:

Regulatory Controls

Mechanisms put in place by a government or regulatory body to manage operations and behaviors within industries to ensure compliance with legal standards and to protect public interest.

Unlimited Liability

A legal obligation in business where owners are personally responsible for all debts of the business, extending to their personal assets.