In 2008, the Food and Drug Administration (FDA) Found That

question 50

Multiple Choice

In 2008, the Food and Drug Administration (FDA) found that ________ of consumers in the United States read the food label when buying a product f the first time.

• A) only 25%
• B) about one-third (33%)
• C) more than half (54%)
• D) most (90%)

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Definitions:

Cash Receipt

The collection of money (currency, checks, electronic transfers) by a business or individual, typically documented for accounting purposes.

Compensating Balance

A minimum account balance that a borrower agrees to maintain in a bank account as a condition for receiving a loan, often to compensate the bank for the loan or to secure better loan terms.

Footnotes

Additional information provided at the end of financial statements to give more detail or provide explanations about items in the financial statements.

Credit Sale

A type of transaction in which goods or services are provided to a customer with the understanding that payment will be made at a later date.