The _____ is a government body that has the power to prescribe mandatory safety standards for almost all products used by customers

a. Health and Welfare Agency

b. Consumer Product Safety Commission
c. Environmental Safety Administration
d. Product Quality Commission

ANSWER: b
The Consumer Product Safety Commission has the power to set mandatory safety standards for almost all products consumers use (about 15,000 items) and can fine offending firms up to $500,000 and sentence their officers to up to a year in prison.

Business

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Which of the following most likely covers transportation costs incurred by channel intermediaries?

A) seasonal discount B) associate allowance C) trade discount D) promotional allowance E) quantity discount

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For those with a long-term orientation the issue of reciprocity is averaged over multiple negotiating events

Indicate whether the statement is true or false

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