According to _____ Standards,when a Drug Company Purchases a Television

question 74

Multiple Choice

According to _____ standards,when a drug company purchases a television ad,the company is required to describe potential side effects of the drug,or at least provide a phone number or Web site address for additional information.

• A)Occupational Safety and Health Administration (OSHA)
• B)Food and Drug Administration (FDA)
• C)Consumer Compliance
• D)Securities and Exchange Commission (SEC)

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Definitions:

Discounted Note

A promissory note whose face value has been reduced to reflect the effect of interest that it will earn.

GAAP

Generally Accepted Accounting Principles, which are a set of accounting standards and practices used to prepare financial statements.

Financial Instruments

Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity.