Different investor groups have differing tax preferences that create clientele effects in which dividend policy of a firm is optimized for the tax preferences of its investors

The Food, Drug and Cosmetic Act of 1938 did not expand the powers of the FDA to include:

a. the ability to set safe levels of additives in foods b. require nutrition labels on food c. prohibiting false advertising of drugs d. inspection of drug producers e. new enforcement powers

Which of the following is a reason why purchasing must work with many different functions across the organization? a. Work with engineering is required to change specifications to reduce costs b. All of this information needs to be communicated to suppliers in an effective way to leverage their capabilities to reduce cost, innovate with new products and establish most efficient manufacturing

processes. c. Work with manufacturing enhances understanding of the manufacturing specifications that are actually required to produce the product. d. A and C e. All of the choices. are reasons f. Work with marketing and the demand side provides better information about current and future business/purchase requirements