Which of the following statements is true for the Consumer Product Safety Act (CPSA) of 1972?

A. Its authority covers products such as motor vehicles and equipment, firearms, aircraft, boats, drugs, cosmetics, and food products.
B. It established the Consumer Product Safety Commission (CPSC), an independent regulatory agency which is the main federal agency concerned with product safety.
C. It cannot be used by the CPSC to bring suit in federal district court to eliminate the dangers presented by imminently hazardous consumer products.
D. It can regulate consumer products but does not have the power to ban any products.


Answer: B

Business

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Foucault came up with three terms to delve into the core of why examinations are used to assess people. For example, after this exam you will be dealt with as a number and with numbers (i. e. Your student ID and your grade). You will be assessed, compared, and if necessary corrected. Foucault claimed this was the ____________ mechanism of exams.

a. Visibility b. Individuality c. Comparative d. Case

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Prepare an income statement and a statement of retained earnings for the month of June. Also, prepare a balance sheet at June 30

The transactions of Magna Designer Corporation for the first month of their operations are as follows: • On June 1, 2017, Magna Designer Corporation received $25,000 cash from its stockholders and gave common stock to the stockholders. • The company rendered services to three clients on account with total revenues earned of $9,000. • It then incurred an advertising expense on four different websites and promised to pay a total of $1,200 at a later date. • On June 13, Magna Designers purchased $1,000 worth of office supplies for cash. (The supplies are not used by June 30 ) • On June 22, it received $2,000 on account from a client and deposited it into the business account. • On June 23, it incurred $1,300 for a legal expense and paid cash. • On June 30, Magna Designers made a payment of $500 to one of the websites that it owed for advertising provided earlier in the month. • No dividends were paid during the month. What will be an ideal response

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Statutory provisions do not protect creditors upon the dissolution of a corporation

Indicate whether the statement is true or false

Business

Which of the following is a decision-making approach used when the decision maker is optimistic about the future events and their outcomes, identifies the maximum payoff associated with each decision, and chooses the maximum of the maximum payoffs?

A. maximax criterion B. Laplace criterion C. maximin criterion D. minimax regret criterion

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