What are three strategies of environmental cost management? Define each strategy.
What will be an ideal response?
The three strategies are:
1. End-of-pipe strategies: Under this approach, a company produces a pollutant and cleans it up before discharging it into the environment.
2. Process improvement strategies: Under this approach, companies modify products or production processes to produce little or no pollution, or recycle wastes internally.
3. Prevention strategies: Under this approach, companies do not generate any pollutants in the first place.
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Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make-buy decisions?
a. sales order processing b. purchases/accounts payable c. cash disbursements d. cost accounting
Jack went to a bakery and ordered a dozen bagels for work. When he got to work, he discovered that the bagels were stale. The next morning he stopped by the bakery to complain. All of the following would be appropriate ways to deal with Jack's complaint except
A. referring him to other employees at the bakery. B. providing him with a coupon for a free breakfast. C. offering him a free replacement. D. giving him a coupon for free coffee. E. giving him a $5.00 discount on his next purchase.
Which of the following is expressed in terms of a percentage?
a. Return on equity b. Current ratio c. Asset turnover d. Working capital
Globalization has produced uneven results across nations and people.
Answer the following statement true (T) or false (F)