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MC Question 12

The following statements have been made about environmental cost accounting:

(1) The majority of environmental costs are already captured within a typical organisation’s accounting system. The difficulty lies in identifying them

(2) Input/output analysis divides material flows within an organisation into three categories: material flows; system flows; and delivery and disposal flows

Which of the above statements is/are true?

A. 1 only
B. 2 only
C. Neither 1 nor 2
D. Both 1 and 2