Which of the Following Statements Regarding Labels Is Most Accurate

question 301

Multiple Choice

Which of the following statements regarding labels is most accurate?

• A)Although labels are can carry useful information,the less information communicated,the better.
• B)The brand logo or brand name should always be the largest image on a label.
• C)Labels can be very expensive,and they are important because they often are the first contact the consumer has with the product.
• D)The best labels to use on food products are those that can be easily removed to promote recycling of the package.
• E)One penny for every dollar consumers spend on products goes toward packaging and labeling costs.

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Definitions:

Overnight

Referring to transactions that occur or are settled from the end of one business day to the start of the next.

Norwegian Krone

Norway's legal tender, indicated by the abbreviation NOK.

Canadian Dollar

The official currency of Canada, often symbolized as CAD, which is used across the country and in international financial transactions.

Absolute Purchasing Power Parity

A theory that in the long term, exchange rates should move towards rates that would equalize the prices of an identical basket of goods in any two countries.