The FDA Was Given the Authority to Review the Effectiveness

question 19

Multiple Choice

The FDA was given the authority to review the effectiveness and safety of a new drug before it could be marketed.

• A)Food and Drugs Act, 1906
• B)Prescription Drug User Fee Act, 1992
• C)Kefauver-Harris Drug Amendments, 1962
• D)Food, Drug, and Cosmetic Act, 1938

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Definitions:

Discounted Future Profits

The present value of a company's projected future profits, adjusted for time and risk.

Undiscounted Future Profits

The projected earnings from an investment over time without adjusting for present value or future risk.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or point of sale.

Vertical Contracts

Agreements between companies at different stages of the production process, such as manufacturers and retailers.