Which of the Following Is True of the Environmental Protection

question 20

Multiple Choice

Which of the following is true of the Environmental Protection Agency (EPA) standards set for toxic substances?

• A) They require special labeling of toxic substances.
• B) They are set based on the recommendation of business owners affected by the pollution.
• C) They require the EPA to identify all chemicals based on the national ambient air quality standards (NAAQS).
• D) They require a complete ban on all toxic substances.

---

Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Perpetual Inventory System

A systematic approach to maintaining accurate inventory records that adjust in real-time with each purchase or sale of inventory items.

Freight-In

The cost of transporting goods into a business, treated as part of the cost of inventory in the calculation of the cost of goods sold.

Discounts

Reductions to the selling price of goods or services, often used as a sales strategy to encourage purchases.