Which of the following costs is included in the five tiers of environmental costs?

Question

Quizplus · Accepted Answer

The five tiers of environmental costs include regulatory, prevention, detection, internal failure, and external failure costs. Relationship and image costs fall under the category of external failure costs, which are costs that occur after a non-conformance to environmental standards has been detected and can impact a company's reputation and relationships with stakeholders. Conversion costs and abnormal spoilage are not typically associated with environmental costs. Private costs refer to costs borne solely by an individual or company and are not specifically related to environmental costs.

Which of the Following Costs Is Included in the Five