Your Sister Is Skeptical That Generic Drugs Are as Effective

question 25

Multiple Choice

Your sister is skeptical that generic drugs are as effective as brand name drugs because generics cost so much less.She asks for your opinion.What should you tell her?

• A)The active ingredients for both are identical,but fillers and other inactive ingredients may differ.
• B)Generic and brand name drugs are required to be identical in active and inactive ingredients.
• C)The active ingredients in generics are similar to those in brand name drugs,but are not guaranteed to be identical.
• D)Generics are manufactured outside the United States,and therefore,the ingredients are unregulated.

Understand the concept of impairment loss and its calculation.

Identify the differences between Canadian GAAP and IFRS, especially regarding fair value accounting.

Grasp the concepts of net income, earnings per share, and operational cash flows in corporate finance.

Recognize the adjustments for non-cash items in financial statements.

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Definitions:

Lockout

An action taken by employers to prevent employees from working during a labor dispute, typically to pressure the union to accept contract terms.

Collective Agreement

A written contract negotiated by a group of employees, usually through a union, concerning wages, hours, and working conditions.

Certification

Official recognition or guarantee that an individual, organization, product, or service meets established standards.

Labour Relations Board

A governmental agency responsible for enforcing labor laws, including the regulation of unions and the adjudication of labor disputes.