In the United States, Which of the Following Statements Is

question 99

Multiple Choice

In the United States, which of the following statements is true?

• A) The Food and Drug Administration regulates the sanitation of public water supplies.
• B) The Environmental Protection Agency permits manufacturers to add vitamins, minerals, and amino acids to their bottled water products.
• C) No federal regulations cover bottled water that's sold throughout the country.
• D) Tap water is less expensive to drink than bottled water.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Profit Center

A branch or division of a company that is directly responsible for generating profit, measured by its success in contributing to the company's bottom line.

Cost Center

A department or function within an organization to which costs can be allocated, but which does not directly generate revenue.

Departmental Operating Margin

A measure of the profitability of individual departments within a business, calculated as the difference between departmental revenue and expenses.