Why Are Tier-2 Costs Called 'Hidden' Environmental Costs

question 24

Multiple Choice

Why are Tier-2 costs called 'hidden' environmental costs?

• A) They are hidden in the accounts so that stakeholders are unaware of the potential environmental risks of the firm.
• B) They tend to be included in other accounts such as overhead and therefore are not easily identifiable.
• C) They are uncertain because it is not possible to show them in a separate account.
• D) Environmental costs cannot be estimated with any degree of certainty.

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Definitions:

Conscious Experiences

Refers to phenomena that encompass all the experiences that are felt or lived through by an individual.

Nature-Nurture

The debate concerning the relative importance of an individual's innate qualities versus personal experiences in determining or causing differences in physical and behavioral traits.

Locus of Control

Locus of control is a psychological concept that refers to an individual's belief about how much control they have over the outcomes or events in their life.

Consciousness

The state of being aware of and able to think about one's self, surroundings, and thoughts.