Which Statement Regarding Water Policy in Texas Is True

question 24

Multiple Choice

Which statement regarding water policy in Texas is true?

• A) Water rights are a complicated matter balancing private property considerations and the public good.
• B) There is continuing conflict between Texas and Mexico on the rights to the water flowing as part of the Rio Grande.
• C) The business community is usually at odds with the private property rights of water developers and the water processing and transportation rights of stockholders.
• D) The regulatory environment in Texas does not pose a huge problem because landowners and water conservation groups promote the public interest.
• E) In Texas, water demand is projected to decline substantially over the next century.

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Definitions:

Bottom-line Profit

The net income or the final profit figure after all expenses, taxes, and costs have been subtracted from total revenues.

Net Realisable Value Method

An accounting technique used to value inventory or assets, determining the estimated selling price in the ordinary course of business minus any costs necessary to make the sale.

By-product Revenue

Revenue generated from secondary products produced during the manufacturing process of a primary product.

Joint Process Costs

Costs incurred during a production process that yields multiple products simultaneously until the point of separation where products can be identified individually.