An example of a conventional environmental cost is________:Question 10Select one:a.provision for potential oil-spill clean-up.b.lost business because of adverse television publicity.c.when a firm produces a product that is difficult to dispose of safely.d.equipment to prevent environmental damage.
Question
An example of a conventional environmental cost is________:Question 10Select one:a.provision for potential oil-spill clean-up.b.lost business because of adverse television publicity.c.when a firm produces a product that is difficult to dispose of safely.d.equipment to prevent environmental damage.
Solution
The question is asking for an example of a conventional environmental cost.
a. Provision for potential oil-spill clean-up: This is a conventional environmental cost as it directly relates to the potential damage to the environment and the cost to clean it up.
b. Lost business because of adverse television publicity: This is not a conventional environmental cost. It is a reputational cost, which is a type of indirect cost.
c. When a firm produces a product that is difficult to dispose of safely: This could be considered a conventional environmental cost if the firm has to pay for the safe disposal of the product.
d. Equipment to prevent environmental damage: This is a preventive cost, not a conventional environmental cost.
So, the most fitting answer would be option a. Provision for potential oil-spill clean-up.
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