As Part of Its Environmental Cost Reporting System, McClaren Company

question 138

Multiple Choice

As part of its environmental cost reporting system, McClaren Company tracks its total environmental costs. Consider the cost and sales data given: What is the environmental costs as a percentage of sales for 2017?

• A) 100%
• B) 10%
• C) 80%
• D) 1,000%

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Definitions:

Autocracy

A form of government where power is concentrated in the hands of a single individual or a small group, without significant input from citizens.

Monarchy

A form of government in which a single person, the monarch, rules until death or abdication, and the position is usually inherited.

Communist

Pertaining to a political and economic system aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Socialist

Pertaining to a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.