Which of the Following Federal Agencies Is Engaged in Economic

question 66

Multiple Choice

Which of the following federal agencies is engaged in economic regulation?

• A) Occupational Safety and Health Administration
• B) Federal Motor Carrier Safety Administration
• C) Food and Drug Administration
• D) Consumer Product Safety Commission

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Definitions:

Salvage Value

Predicted value upon resale of an asset at the end of its practical life.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Useful Life

The estimated time period that an asset is expected to be usable for the purposes of a business before it becomes obsolete.

Salvage Value

The estimated residual value of an asset after its useful life has ended, and it can no longer be used for productive purposes.