The average cost of developing a new drug and clearing all FDA regulations to get the drug to market are about a billion dollars and are:
a. paid by the FDA only if the drug is approved
b. paid by the FDA only if the drug is not approved
c. paid by the FDA whether or not the drug is approved d. paid by the National Institute of Health
e. none of the other choices
e
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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $13,500 cash in the business in exchange for common stock. 2. Andrea contributed $20,000 of photography equipment to the business. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Paid $275 cash for January utilities. Based
on this information, the balance in the cash account at the end of January would be: A. $15,250. B. $18,700. C. $41,450. D. $12,225. E. $13,500.
Why are fixed costs generally more relevant in long-run decisions than short-run decisions?
A party acting alone can be liable for anticompetitive activities under Section 1 of the Sherman
Act. Indicate whether the statement is true or false
New-product development does not include planning for advertising.
Answer the following statement true (T) or false (F)