Asked by Katherine Lupercio on May 29, 2024
Verified
An example of a societal environmental cost is:
A) monitoring costs.
B) provisions for potential oil-spill clean up.
C) when a firm produces a product that is difficult to dispose of safely.
D) buying equipment to prevent environmental damage.
Societal Environmental Cost
A cost associated with environmental degradation or improvement, borne by society as a whole due to economic activities.
Oil-Spill Clean Up
Refers to the methods and technologies used to remove or mitigate the impacts of oil spills in the environment, often involving mechanical, biological, and chemical techniques.
Product Disposal
The process of safely getting rid of excess, obsolete, or defective goods in a manner that adheres to environmental and legal standards.
- Evaluate the obstacles involved in reporting on environmental and social impacts.
- Identify concealed environmental expenses and their significance in the inclusion within environmental cost evaluations.
Verified Answer
Learning Objectives
- Evaluate the obstacles involved in reporting on environmental and social impacts.
- Identify concealed environmental expenses and their significance in the inclusion within environmental cost evaluations.
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