Generic Medicines Become Available When

question 7

Multiple Choice

Generic medicines become available when:

• A)the production cost becomes more affordable to the manufacturer
• B)the original patent has expired,allowing other drug manufacturers to produce it at a cheaper cost
• C)it can be manufactured in plain packaging,therefore saving money
• D)Consumers are no longer wanting to buy brand-name medicines

---

Definitions:

Dividends Declared

A statement by a company's board of directors announcing the issuance of dividends to shareholders; it signifies an obligation to make the dividend payments announced.

Liability Account

An accounting record representing an entity's obligations to pay debts or provide services to other entities in the future.

Expense Account

An account that records the costs incurred by a business during a period, such as rent, utilities, and salaries.

Dividends Declared

Profits that a company's board of directors has decided to distribute to its shareholders, typically in the form of cash payments or additional shares.