Question
You are required to classify the following environmental activities as prevention costs, detection costs, internal failure costs, or external failure costs. For external failure costs,
You are required to classify the following environmental activities as prevention costs, detection costs, internal failure costs, or external failure costs. For external failure costs, classify the costs as societal or realised. Also, label those activities that are compatible with sustainable development (SD).
a. Local residents are incurring medical costs from illnesses caused by air pollution from automobile exhaust pollution.
b. Due to a legal settlement, a chemical company must spent R20 million to clean up contaminated soil.
c. An internal audit is conducted to verify that environmental policies are being followed.
d. An evaporator system is installed to treat waste water and collect usable solids for other uses.
e. A soft drink company uses the following practice: In all bottling plants, packages damaged during filling are collected and recycled (glass, plastic and aluminium).
f. As part of implementing an environmental perspective for the Balanced Scorecard, environmental performance measures are developed.
g. Because of liquid and solid residues being discharged into a local lake, the lake is no longer fit for swimming, fishing, and other recreational activities.
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