The Engineering Approach to Estimating Incremental Environmental Costs

question 1

Multiple Choice

The engineering approach to estimating incremental environmental costs

• A) depends on expert input and is based on least-cost available technology
• B) obtains estimates of abatement costs directly from polluting sources
• C) relies on surveys to find the implicit costs of pollution abatement
• D) is also known as the physical linkage approach

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Definitions:

Transactions

Financial activities or events that affect the financial position of the company.

Owner's Equity Accounts

Accounts representing the owner’s claim or interest in the business assets after all liabilities have been deducted.

Credits

Entries on the right side of an account, indicating an increase in liabilities, equity, or revenue, or a decrease in assets or expenses.

Posting Reference Notation

A unique code or number used to track the entry of a transaction in the accounting records to its source document.