If the Precautionary Principle Had Been Applied to the Evidence

question 83

Multiple Choice

If the precautionary principle had been applied to the evidence of the dangerous health effects of smoking tobacco from the 1950s to the 1970s,

• A)we would still be waiting for the final word and no government actions would have been taken.
• B)tobacco companies would have been given much more time to research the health effects before any government regulations were passed.
• C)cigarette manufacturers would have been required to demonstrate by acceptable scientific procedures that smoking was safe and government regulations would have come much earlier.
• D)more tobacco products would have been sold.

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Definitions:

Overhead Assigned

The process of allocating manufacturing overhead costs to specific units of product based on a predetermined rate or method.

Product P9

A specific product or item identified as "P9," which could refer to a model or version in its respective context.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a particular activity base.

Traditional Costing

A costing method that allocates overhead based on a predetermined rate, often linked to a single cost driver such as labor hours.