Which of the Following Is True Concerning a Contract Manufacturer

question 10

Multiple Choice

Which of the following is true concerning a contract manufacturer?

• A) Contract manufacturers are employed by another manufacturer to perform some part of the product's manufacturing.
• B) Contract manufacturer is under the direct control of the original product manufacturer.
• C) Contract manufacturers do not need to register with the FDA because they are not the originating manufacture.
• D) All of these

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Definitions:

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.

Liabilities

Financial obligations or debts owed by a business to external parties or entities, which must be settled over time through the transfer of economic benefits.

Revenue

The total amount of money received by a company from its business activities, such as selling goods or services, before any expenses are subtracted.

Debit Balance

Refers to the balance remaining in a financial account where debts or expenses exceed the credits or revenues.