Question 1

Which agency regulates underground waste disposal units in the United States?

Accepted Answer

A) EPA 
B) IRS 
C) SEC 
D) FTC 
A) EPA 
B) IRS 
C) SEC 
D) FTC

Question 2

The 1972 amendments to the Federal Water Pollution Control Act (FWPCA)are known as the:

Accepted Answer

A) Ocean Dumping Ban Act. 
B) River and Harbor Act. 
C) Safe Drinking Water Act. 
D) Clean Water Act. 
A) Ocean Dumping Ban Act. 
B) River and Harbor Act. 
C) Safe Drinking Water Act. 
D) Clean Water Act.

Question 3

What are the essential components of an environmental impact statement? How are business people affected by the environmental impact statement requirement?

Accepted Answer

The National Environmental Policy Act (N

Question 4

Which of the following must obtain a National Pollution Discharge Elimination System (NPDES)permit?

Accepted Answer

A) A manufacturing firm buries its hazardous waste materials in a special dump. 
B) A factory discharges industrial wastewater from a point source into a river. 
C) An apartment building discharges domestic sewage to a publicly owned treatment works. 
D) A chemical plant discharges wastewater to a publicly owned treatment works. 
A) A manufacturing firm buries its hazardous waste materials in a special dump. 
B) A factory discharges industrial wastewater from a point source into a river. 
C) An apartment building discharges domestic sewage to a publicly owned treatment works. 
D) A chemical plant discharges wastewater to a publicly owned treatment works.

Question 5

Companies whose emissions are cleaner than required by law can sell their rights to emit more sulfur oxide to other companies by what is known as ________.

Accepted Answer

A) tolerances 
B) allowances 
C) overages 
D) surplus 
A) tolerances 
B) allowances 
C) overages 
D) surplus

Question 6

EPA regulates underground storage tanks,such as those used for gasoline.

Accepted Answer

A) True 
 B)False

Question 7

Federal tax revenues are used to pay for the clean up of Superfund sites.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following regulates the manufacture and use of pesticides?

Accepted Answer

A) FIFRA 
B) TSCA 
C) RCRA 
D) CERCLA 
A) FIFRA 
B) TSCA 
C) RCRA 
D) CERCLA

Question 9

A shortcoming of the Comprehensive Environmental Response,Compensation,and Liability Act (or "Superfund")is that the federal and state governments must bear the sole financial burden for cleaning up the sites.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is true of the international standards for the premanufacture screening of new chemicals?

Accepted Answer

A) The U.S.regulation requires companies to demonstrate that a chemical is safe before it is produced and distributed. 
B) The EU regulations dealing with premanufacture screening of chemicals requires companies to demonstrate that a chemical is safe before it is produced and distributed. 
C) The EU restrictions on the production of chemicals that have been linked to health problems will have little or no effect on the U.S.chemical exports to the EU. 
D) The European Union requires regulators to show that products or their uses present an unreasonable risk to human health or the environment before they can be regulated or taken off the market. 
A) The U.S.regulation requires companies to demonstrate that a chemical is safe before it is produced and distributed. 
B) The EU regulations dealing with premanufacture screening of chemicals requires companies to demonstrate that a chemical is safe before it is produced and distributed. 
C) The EU restrictions on the production of chemicals that have been linked to health problems will have little or no effect on the U.S.chemical exports to the EU. 
D) The European Union requires regulators to show that products or their uses present an unreasonable risk to human health or the environment before they can be regulated or taken off the market.

Question 11

The Federal Insecticide,Fungicide,and Rodenticide Act (FIFRA)regulates what environmental area?

Accepted Answer

A) Agricultural chemicals 
B) Clean drinking water 
C) Fishing waters 
D) City air quality 
A) Agricultural chemicals 
B) Clean drinking water 
C) Fishing waters 
D) City air quality

Question 12

The ________ is the organization responsible for certifying that an organization meets the requirements of ISO 14001 in the United States.

Accepted Answer

A) Environmental Protection Agency 
B) Environmental Management System 
C) American National Standards Institute 
D) National Environment Institute 
A) Environmental Protection Agency 
B) Environmental Management System 
C) American National Standards Institute 
D) National Environment Institute

Question 13

________ refers to the development of techniques to genetically manipulate organisms.

Accepted Answer

A) Bioengineering 
B) Molecular engineering 
C) Biomanufacturing. 
D) Biotechnology 
A) Bioengineering 
B) Molecular engineering 
C) Biomanufacturing. 
D) Biotechnology

Question 14

The federal government has a comprehensive program to fight climate change.

Accepted Answer

A) True 
 B)False

Question 15

John owned a parcel of land on which he wanted to build an apartment building.However,his land is a swamp and he could not get a permit from the Army Corps of Engineers to drain the swamp.He had to buy a neighboring piece of land to build the apartment on.Since he has been effectively deprived of being able to make any economically viable use of his property,his attorney suggests that he may be able to pursue a claim for regulatory taking and receive compensation from the government for the fair market value of the interest of his land.What is the basis for such a claim?

Accepted Answer

A) The Marine Protection,Research,and Sanctuaries Act 
B) The Fourth Amendment 
C) The Clean Water Act 
D) The Fifth Amendment 
A) The Marine Protection,Research,and Sanctuaries Act 
B) The Fourth Amendment 
C) The Clean Water Act 
D) The Fifth Amendment

Question 16

When EPA expends money to clean up a toxic waste dump under CERCLA it has legal authority to recover its costs from:

Accepted Answer

A) tax on chemicals and feedstock. 
B) the state in question. 
C) the responsible party or parties. 
D) the "Superfund." 
A) tax on chemicals and feedstock. 
B) the state in question. 
C) the responsible party or parties. 
D) the "Superfund."

Question 17

The ________ was enacted to ensure that communities and citizens were aware of chemical hazards in their area.

Accepted Answer

A) Comprehensive Environment Response,Compensation,and Liability Act 
B) Marine Protection,Research,and Sanctuaries Act 
C) Emergency Planning and Community Right-to-Know Act 
D) Resource Conservation and Recovery Act 
A) Comprehensive Environment Response,Compensation,and Liability Act 
B) Marine Protection,Research,and Sanctuaries Act 
C) Emergency Planning and Community Right-to-Know Act 
D) Resource Conservation and Recovery Act

Question 18

Under the Clean Air Act,the federal government is required to develop a state implementation plan for meeting national ambient air quality standards in every state.

Accepted Answer

A) True 
 B)False

Question 19

The preconstruction review process required under the Clean Air Act applies to new facilities as well as existing facilities that undergo major modifications.

Accepted Answer

A) True 
 B)False

Question 20

Brilliant Manufacturing is building a new factory.What kind of air pollution control technology must Brilliant install in its factory according to the Clean Air Act?

Accepted Answer

A) The best available state-of-the-art technology 
B) Technology that its competitors in the industry are using 
C) The most cost-efficient technology 
D) Technology in line with the local air quality 
A) The best available state-of-the-art technology 
B) Technology that its competitors in the industry are using 
C) The most cost-efficient technology 
D) Technology in line with the local air quality

Exam 52: Environmental Regulation

Which agency regulates underground waste disposal units in the United States?

The 1972 amendments to the Federal Water Pollution Control Act (FWPCA)are known as the:

What are the essential components of an environmental impact statement? How are business people affected by the environmental impact statement requirement?

Which of the following must obtain a National Pollution Discharge Elimination System (NPDES)permit?

Companies whose emissions are cleaner than required by law can sell their rights to emit more sulfur oxide to other companies by what is known as ________.

EPA regulates underground storage tanks,such as those used for gasoline.

Federal tax revenues are used to pay for the clean up of Superfund sites.

Which of the following regulates the manufacture and use of pesticides?

A shortcoming of the Comprehensive Environmental Response,Compensation,and Liability Act (or "Superfund")is that the federal and state governments must bear the sole financial burden for cleaning up the sites.

Which of the following is true of the international standards for the premanufacture screening of new chemicals?

The Federal Insecticide,Fungicide,and Rodenticide Act (FIFRA)regulates what environmental area?

The ________ is the organization responsible for certifying that an organization meets the requirements of ISO 14001 in the United States.

________ refers to the development of techniques to genetically manipulate organisms.

The federal government has a comprehensive program to fight climate change.

When EPA expends money to clean up a toxic waste dump under CERCLA it has legal authority to recover its costs from:

The ________ was enacted to ensure that communities and citizens were aware of chemical hazards in their area.

Under the Clean Air Act,the federal government is required to develop a state implementation plan for meeting national ambient air quality standards in every state.

The preconstruction review process required under the Clean Air Act applies to new facilities as well as existing facilities that undergo major modifications.

Brilliant Manufacturing is building a new factory.What kind of air pollution control technology must Brilliant install in its factory according to the Clean Air Act?

The Nature of Law

The Resolution of Private Disputes

Business and the Constitution

Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

Criminal Law and Procedure

Intentional Torts

Negligence and Strict Liability

Intellectual Property and Unfair Competition

Introduction to Contracts

The Agreement: Offer

The Agreement: Acceptance

Consideration

Reality of Consent

Capacity to Contract

Illegality

Writing

Rights of Third Parties

Performance and Remedies

Formation and Terms of Sales Contracts

Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance Law

Introduction to Credit and Secured Transactions

Security Interests in Personal Property

Bankruptcy

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Transfers

The Agency Relationship

Third-Party Relations of the Principal and the Agent

Introduction to Forms of Business and Formation of Partnerships

Operation of Partnerships and Related Forms

Partners Dissociation and Partnerships Dissolution and Winding up

Limited Liability Companies, limited Partnerships, and Limited Liability Limited Partnerships

History and Nature of Corporations

Organization and Financial Structure of Corporations

Management of Corporations

Shareholders Rights and Liabilities

Securities Regulation

Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals

Administrative Law

The Federal Trade Commission Act and Consumer Protection Laws

Antitrust: the Sherman Act

The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities

Employment Law

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