The Federal Fair Packaging and Labeling Act
A. calls on government agencies and industry to try to reduce the number of packaging sizes.
B. requires that consumer goods be clearly labeled in understandable terms.
C. was created in response to consumer criticism of packaging and labeling.
D. All these answers are correct.
Answer: D
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Typically, _____ ISs receive records of routine business transactions-such as the purchase of raw materials or services, or the sale of manufactured goods-from transaction processing systems (TPSs).
A. sales B. human resources C. marketing D. accounting
________ are agreements between a debtor and two or more creditors who agree to accept a stated percentage of their ________ claims against the debtor at or after the due date, in ________ satisfaction of their claims.
A. Routine renditions; liquidated; full B. Extraordinary renditions; unliquidated; partial C. Requisitions; unliquidated; partial D. Compositions; liquidated; full
The principal difference between depreciation expense and most other types of expenses is that
A) depreciation expense can be avoided if the asset is worth at least what the company paid for it. B) depreciation expense requires an annual outlay of cash. C) the total amount of depreciation expense for the asset is reported on the balance sheet. D) depreciation expense is subject to more precise measurement than most other expenses.
Which of the following costs are the benefits that are forfeited or lost when one alternative is chosen over another?
A) Incremental cost B) Sunk cost C) Opportunity cost D) Direct cost