The Use of High-Volume Hydraulic Fracturing Techniques to Release Natural

question 4

Multiple Choice

The use of high-volume hydraulic fracturing techniques to release natural gas from shale is of major concern because ____________.

• A) Scientists have identified that natural gas from shale may have mercury in it
• B) Shale natural gas is composed largely of the greenhouse gas methane
• C) Shale natural gas is composed of chlorofluorocarbons that pollute the environment
• D) Scientists know that shale natural gas is bad for the environment but not as bad as coal

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Definitions:

Inventory Costing

A method used to value inventory, determining the cost of goods sold and remaining inventory value.

Markup

The amount added to the cost of goods to cover expenses and generate profit, usually expressed as a percentage of the cost.

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock, typically performed at the end of an accounting period.

Cost Flow Assumption

The method by which a company values and moves its costs (such as FIFO, LIFO) to determine the cost of goods sold and ending inventory valuation.