The Food, Drug, and Cosmetic Act as passed in 1938:

a. repealed the 1906 Pure Food and Drug Act
b. gave the FDA responsibility to restrict the levels of food additives used c. required the FDA to monitor nutrition information on food products
d. allowed the FDA to prohibit drugs not demonstrated to be effective e. none of the other choices


e

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Grant exchanges a parcel of land for a building. Both are investment properties for Grant. In addition to the building, which has a basis of $12,000, Grant receives $10,000 cash. The parcel of land has a fair market value of $22,000 and an adjusted basis of $10,000. What is Grant's recognized gain or loss due on this transaction?

A. $-0- B. $10,000 C. $12,000 D. $16,000 E. $22,000

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Common expressions known as clichés are effective in business writing because they are universally understood and conversational

Indicate whether the statement is true or false

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A retail strategy of managing groups of similar, often substitutable products produced by different manufacturers is called

A. category management. B. scrambled merchandising. C. line extensions. D. aggregate management. E. wheel of retailing.

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Common law is a term for law that is common throughout the world.

Answer the following statement true (T) or false (F)

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