An example of a conventional environmental cost is:Question 4Answera.equipment to prevent environmental damageb.provision for potential oil-spill clean upc.costs of searching for environmentally friendly suppliersd.lost business because adverse television publicitye.when a firm produces a product that is difficult to dispose of safely
Question
An example of a conventional environmental cost is:Question 4Answera.equipment to prevent environmental damageb.provision for potential oil-spill clean upc.costs of searching for environmentally friendly suppliersd.lost business because adverse television publicitye.when a firm produces a product that is difficult to dispose of safely
Solution
An example of a conventional environmental cost is the provision for potential oil-spill clean up. This is because it directly relates to an environmental issue that a company may cause and the financial implications of rectifying that damage. Other options like equipment to prevent environmental damage or costs of searching for environmentally friendly suppliers are more proactive measures and are not direct costs resulting from environmental damage. Lost business because of adverse television publicity is more of a reputational cost than an environmental one. Lastly, producing a product that is difficult to dispose of safely could potentially lead to environmental costs, but it is not a cost in itself.
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