Which of the Following Is the Primary Function of the Consumer

question 35

Multiple Choice

Which of the following is the primary function of the Consumer Product Safety Commission?

• A)It ensures that employers holding federal contracts abide by the product safety standards.
• B)It strives to reduce consumer misunderstanding of manufacturers' product design,labeling,and so on,by promoting clarity of these messages.
• C)It formulates and enforces environmental standards in such areas as water,air,and noise pollution.
• D)It regulates safety and health conditions in nongovernment workplaces.
• E)It investigates product safety concerns prior to the launch of a product.

Recognize the necessity of period-end adjustments to comply with the revenue recognition and expense recognition principles.

Understand the implications of failing to record adjustments on financial statements.

Grasp the concept of the time period assumption and its relevance to financial reporting.

Understand and apply the concept of pivot tables for data analysis.