Discuss the major provisions of the Clean Air Act.
What will be an ideal response?
The major provisions of the Clean Air Act are:?Primary Standards: Congress directed the EPA to establish national ambient air quality standards (NAAQSs) for primary pollution, that is, pollution that harms the public health. These standards are to be set without regard to cost.Secondary Standards: Congress directed the EPA to establish NAAQSs for pollution that may not threaten health but has other unpleasant effects, such as obstructing visibility or harming plants.State Implementation Plans (SIPs): After the EPA sets primary and secondary standards, states produce SIPs to meet these standards. If a state fails to produce an acceptable SIP, the EPA develops its own plan for that state.Regulation of stationary sources: The EPA sets limits on the amount of pollution a stationary source produces and requires that permits be obtained for construction, operation, or renovation.Prevention of significant deterioration (PSD) Program: The EPA does not permit states to let air quality decline, even if the new higher levels of pollution would still meet the EPA's existing national standards.Toxics: The EPA has safety standards for each of the 189 toxics plus any other toxics the EPA wanted to include under the National Emission Standards for Hazardous Air Pollutants.Citizen Suits. The Clean Air Act permits anyone who is or might be adversely affected by any violation to file suit against a polluter or against the EPA for failing to enforce the statute.
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What happens to the accounting equation when the adjustment for depreciation expense for the accounting period is recorded?
a. Assets decrease and stockholders' equity decreases. b. Assets increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Liabilities increase and stockholders' equity decreases.
Which of the following dimensions of Hofstede’s cultural values is group orientation?
A. relationship orientation B. uncertainty avoidance C. power distance D. collectivism–individualism
What was the main argument of APB Opinion 8?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.
Transferred-in costs are a type of raw material cost
Indicate whether the statement is true or false