1. Explain why firms have an increased interest in environmental costing.
2. What is ecoefficiency?
3. What are the six incentives, or causes, for ecoefficiency?
4. What is an environmental cost?
5. What are the four categories of environmental costs? Define each category.
6. What is the difference between a realized external failure (environmental) cost and an unrealized external failure (societal) cost?
7. What does full environmental costing mean? Full private costing?
8. Explain how functional-based costing assigns environmental costs to products. What are the problems with this approach?
9. Explain how activity-based costing assigns environmental costs to products.
10. What information is communicated by the unit environmental cost of a product?
11. What is life-cycle assessment?