The Clean Water Act of 1972 Set Minimum Standards for Water

question 19

Multiple Choice

The Clean Water Act of 1972 set minimum standards for water purity in a manner similar to the Clean Air Act. Included in such standards is:

• A) "fishable and drinkable."
• B) "fishable and swimmable."
• C) "drinkable and swimmable."
• D) "drinkable and boatable."

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Definitions:

Net Operating Income

is the total profit of a company after operating expenses are subtracted from revenue but before deducting interest and taxes.

Break-Even Sales

The amount of sales revenue required to cover all fixed and variable costs, resulting in zero net income or loss.

Variable Expenses

Variable expenses fluctuate in direct proportion to changes in activity level or volume, such as sales or production quantities.

Fixed Expenses

Expenses that do not change with the level of production or sales within a certain range and period, such as rent, salaries, and insurance.