In the Context of Greenhouse Gas Emission,the GHG Protocol Initiative

question 51

Multiple Choice

In the context of greenhouse gas emission,the GHG protocol initiative defines three levels of scope.The following scope is referred to as direct emissions.

• A)This scope refers to emissions from GHG sources that are owned or controlled by the reporting entity.
• B)This scope refers to indirect emissions from grid-sourced electricity and other utility services of heat,steam and cooling.
• C)This scope refers to the inclusion of other indirect emissions coming from sources such as the production of purchased materials,outsourced activities,contractor owned vehicles,waste disposal,and employee business travel.
• D)This scope refers to the corporate responsibility for direct discharging of emissions into public water systems.

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Definitions:

Variable Costing

A costing method that includes only variable production costs in the cost of goods sold and treats fixed manufacturing overhead as a period expense.

External Financial Reporting

The process of reporting financial information to external stakeholders, such as investors and creditors, through financial statements.

Method

A systematic way of doing things or a procedure. This definition is broadly applicable across different contexts including sciences, arts, and business operations.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs and treats fixed manufacturing overhead as a period expense.