A Drug That Does Not Require a Prescription to Purchase

question 31

Multiple Choice

A drug that does not require a prescription to purchase is called a(n) .

• A) legend drug
• B) over-the-counter drug
• C) generic drug
• D) brand drug

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Definitions:

Plant Assets

Durable physical assets utilized in manufacturing goods and providing services, including structures, machines, and tools.

Nonphysical Assets

Assets that do not have a physical presence, such as intellectual property, patents, and trademarks.

Land Account

An account on the balance sheet that reports the cost of land owned by a company.

Double-declining-balance

A method of accelerated depreciation that doubles the rate at which an asset's book value declines, compared to straight-line depreciation.