Horace has wanted to purchase a Rolex watch ever since he saw his first one at age 18. He has done extensive research into the history of Rolex. Finally, at age 55, he has achieved the income level to be able to purchase one. For Horace, the Rolex watch is an example of what type of product?

Regulators in different countries have proposed various regulations for product labeling. All of the following statements pertaining to such regulations are true except:

A) mandatory health warnings on tobacco products are required in most countries. B) the American Automobile Labeling Act clarifies the country of origin as well as the final assembly point. C) in 2008, the United States enacted a country of origin labeling (COOL) law. D) the use of terms "light" and "natural" are allowed on labels only in the United States. E) McDonald's is posting nutrition information on all food packaging and wrappers in selected markets.

Project leader duties include present-oriented and future-oriented tasks, but do not include past-oriented tasks

Indicate whether the statement is true or false