Variable costing of inventory and absorption costing of inventory is relevant for which of the following types of businesses?

A. Manufacturing firms.

B. Not-for-profit companies.

C. Governmental units.

D. Service firms.

E. All of the other answers are correct.

Which of the following statements about environmental costs is false?

A. Remediation costs include offsite, but not onsite, remediation costs.

B. Abatement costs include costs to reduce or eliminate pollution.

C. Monitoring costs include the costs of monitoring the regulatory environment as well as monitoring the production process to determine if pollution is being generated.

D. Private environmental costs are those borne by a company or individual.

E. Social environmental costs are those borne by the public at large.