Which of the Following Is Not Correct Regarding Narcotics

question 195

Multiple Choice

Which of the following is not correct regarding narcotics?

• A) They have been used for a long period of time as a remedy for diarrhea.
• B) The term "narcotic" in its medical meaning refers to opium and opium derivatives or a synthetic substitute.
• C) They tend to intensify vision and increase alertness.
• D) They are the most effective agents known for the relief of intense pain.
• E) They can cause respiratory depression in some cases.

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Definitions:

Operating Lease

An operating lease is a lease agreement for the use of an asset where the lessee obtains rights to use the asset for a fraction of the asset's useful life without ownership transfer.

FASB

The Financial Accounting Standards Board is responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations following Generally Accepted Accounting Principles (GAAP) in the United States.

Lease Classification

The categorization of lease agreements as either finance leases or operating leases, determined by specific criteria that affect the accounting treatment.