One of the features of the Marine Protection, Research, and Sanctuaries Act is that it ________
A) requires the oil industry to adopt procedures and contingency plans to readily respond to and clean up oil spills
B) requires a permit for dumping wastes and other foreign materials into ocean waters
C) requires the tanker owner-operator to prove that it is fully insured to cover any liability that may occur from an oil spill
D) issues permits for discharge of dredged or fill material into navigable waters and qualified wetlands
B
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Notice of known hazardous substances on the premises must be given by
A. owners to buyers. B. owners to lessees. C. lessees to owners. D. all of these.
Which of the following statements is true of leasing?
A) It is an arrangement in which a contractor supplies managerial know-how to operate a hotel, hospital, airport, or other facility in exchange for compensation. B) The lessor transfers ownership of the property in exchange for a lump-sum payment. C) It is a high-risk and high-cost method of entering a foreign market. D) A major advantage for the focal firm is the ability to gain quick access to target markets, while putting assets to use in earning profits.