An Organized System of Financial Records Provides a Basis For

question 8

Multiple Choice

An organized system of financial records provides a basis for:

• A)Handling daily business affairs, including paying bills on time
• B)Handling long term business affairs
• C)Handling moderate term business affairs
• D)Investment opportunities

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Definitions:

Violation Fine

A monetary penalty imposed for breaking a law, rule, or contract.

Federal Food, Drug, and Cosmetic Act

A set of laws passed by Congress giving authority to the FDA to oversee the safety of food, drugs, and cosmetics.

U.S. Food and Drug Administration

A federal agency responsible for protecting and promoting public health by controlling and supervising the safety of food, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Enforcement Agency

A governmental agency that has the authority to enforce laws, regulations, or rules.