The Creation of the Food and Drug Administration and the Passage

question 16

Multiple Choice

The creation of the Food and Drug Administration and the passage of the Securities and Exchange Act were intended to

• A)promote equity in the economy.
• B)eliminate the problem of externalities in the economy.
• C)destroy the legal foundation of the business trust.
• D)promote efficiency in the economy.
• E)None of these answers is correct.

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Definitions:

General Partners

Individuals or entities that participate in the management of a partnership and have unlimited liability for its debts.

Daily Management

The continuous process of planning, monitoring, controlling, and adjusting day-to-day business operations and activities.

Taxed

Subjected to taxation by governmental authorities, relating to the imposition of financial charges on individuals or property.

Corporate Social Responsibility

Practices and policies undertaken by a company to have a positive influence on the world, beyond what is required by regulators or environmental protection groups.