The Food, Drug, and Cosmetic Act is a federal statute that ________.
A. covers all food products including poultry and processed meat
B. regulates the sale of foods, drugs, cosmetics, and medicinal devices
C. implements the Federal Meat Inspection Act, enacted in 1906
D. protects the public by providing greater medical coverage from food-related illnesses
Answer: B
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Indicate whether the statement is true or false
________________ is a state of mind, desire, energy, or interest that translates into action.
a. Motivation b. Needs c. Values d. Ethics
If a capital budgeting project has a negative net present value (NPV),
A. its internal rate of return (IRR) is also negative. B. its discounted payback period (DPB) is greater than the project's economic life. C. the firm should invest in the project as long as the initial investment outlay is low. D. its traditional payback period (PB) is greater than the firm's expected payback period. E. its internal rate of return (IRR) is greater than the discount rate that would be used to compute the project's NPV.
The purchase of ____________ is an example of the purchase of a financial asset.
A. a home B. stocks C. a car D. jewelry E. a vacation home