Genetically Modified Foods

question 101

Multiple Choice

Genetically modified foods

• A) can unexpectedly appear in the food supply through contamination during processing.
• B) can be used in foods that are also certified organic or irradiated.
• C) require special labelling.
• D) are not common in Canada but are very common in other countries.

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Definitions:

Straight-Line Method

A depreciation technique where an asset's cost is reduced equally over its useful life.

Effective Interest Method

A technique used in accounting to allocate loan discounts or premiums over the life of the loan to the periods benefiting from the loan, reflecting a constant rate of interest.

Carrying Amount

The book value of an asset or liability; for assets, it is typically based on original cost less depreciation.