As a Result of a National Tragedy,Congress Passed the Food,Drug,and

question 45

Multiple Choice

As a result of a national tragedy,Congress passed The Food,Drug,and Cosmetic Act of 1938.One of the key parts of this act ________.

• A) required manufacturers to list their drugs in the United States Pharmacopeia or National Formulary
• B) made it mandatory that drugs had a pleasing taste and odor
• C) required accurate labeling of drugs to prevent substitutions or mislabeling of ingredients
• D) stated that the government no longer needed proof of fraud to stop the sale of a drug

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Definitions:

Net Profit

The amount of income that remains after subtracting all expenses, taxes, and costs from revenue.

Exercise Price

The exercise price is the preset price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Market Price

The present rate at which a commodity or service is available for purchase or sale in the marketplace.

Binomial Model

An option-valuation model predicated on the assumption that stock prices can move to only two values over any short time period.