All of the Following Statements About the Nonpoint Source Management

question 44

Multiple Choice

All of the following statements about the Nonpoint Source Management Program are correct EXCEPT

• A) It was enacted as part of the Water Quality Act of 1987.
• B) It is to be implemented by states with federal approval.
• C) The federal government offers no funding for the program.
• D) States are to implement a 3-part plan comprising reporting, program development, and program implementation.

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Definitions:

Average Operating Assets

The average value of assets used by a company in its operational activities, calculated over a certain period of time for analysis of performance efficiency.

Residual Income

The income that remains after subtracting all required costs of capital from the operating income; a measure of net profitability.

Minimum Required Rate of Return

The least return expected by investors for assuming the risk of investing in a project or security.

Performance of Divisions

Evaluation of the efficiency, productivity, and profitability of different segments or units within an organization, often used for internal assessment and strategy formulation.