An Organization Faces Many Challenges When Implementing an Environmental Accounting

question 53

Multiple Choice

An organization faces many challenges when implementing an environmental accounting (EMA) system. Which of the following inherent challenges is an accountant facing when he is having difficulty finding literature regarding "best practices" for environmental accounting?

• A)Hidden Cost
• B)Communication issue
• C)Newness of EMA
• D)Historical orientation of accounting

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Definitions:

Conditional Estate

A type of property ownership that is subject to certain conditions or requirements being met.

Condition

A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.

Appurtenant

is a legal term referring to rights or properties that are attached to and benefit a primary property, transferring with the title of that property from one owner to another.

Easement

A legal right to use another person's land for a specific limited purpose.