What Is a Drug

question 4

Multiple Choice

What is a drug?

• A) any substance that may be ingested and has no nutritional value
• B) a substance that is habit forming or addictive
• C) any substance other than food and water that, when taken into the body, alters its function in some way
• D) a pharmaceutical substance that is manufactured in a laboratory

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Definitions:

Predetermined Overhead Rate

A rate used to charge manufacturing overhead cost to jobs that is established in advance for each period. It is computed by dividing the estimated total manufacturing overhead cost for the period by the estimated total amount of the allocation base for the period.

Costing System

A method for assessing and allocating costs of production, typically involving direct costs, indirect costs, and overheads.

Washing Mitt

A tool made of soft material used for washing surfaces, typically vehicles, without causing scratches.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities they require.