Which of the Following Is FALSE Regarding Over-The-Counter Medicine

question 47

Multiple Choice

Which of the following is FALSE regarding over-the-counter medicine?

• A) There are over 100, 000 OTC drugs available.
• B) Many of these medicines were formerly prescription drugs.
• C) Medications must be approved by the Food and Drug Administration before being available as an over-the-counter product.
• D) They are medicines that Health Canada through the Food and Drug Act has deemed safe for use without a physician's prescription.

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Definitions:

Statement Of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and investments, reflected in a company's cash flow statement.

Financing Activities

This category in cash flow statements includes transactions related to raising capital and repaying investors, such as issuing stock or paying dividends.

Cash Flows

The inflow and outflow of cash and cash equivalents, representing the operating, investing, and financing activities of an entity over a period.