All categories

3 years ago

What regulation was established in 1972 to ensure that businesses take responsibility for the products they produce?

Business

1 answer:

Iteru [2.4K]3 years ago

8 0

The Consumer Product Safety Commission was established to protect consumers from poor manufacturing and to make sure that products met quality and safety standards.

You might be interested in

Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,

Aleks [24]

Answer:

a) $534.06

b) NO

Explanation:

Given:

costs of insurance, license, and depreciation to operate his car = $320 per month

gas, oil, and maintenance costs = 14 cents per mile = $0.14 per mile

Now,

Fixed cost = $320 per month

Variable cost = $0.14 per mile

Therefore,

total cost = Fixed cost + Variable cost

= $320 + $0.14 × Number of miles driven

a) Total number of miles driven = 1,529

Thus,

total cost = $320 + $0.14 × 1,529

= $320 + $214.06

= $534.06

b) Since, $320 per month is the fixed cost, the fixed cost per mile will decrease with the increase in number of miles driven.

therefore, if Larry drives less than 1,400 miles, then the actual cost will be more than the cost based on a predetermined rate of cost

Therefore, it would not be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400-mile month

8 0

3 years ago

ACME Company is considering starting a retirement plan for its employees. One option ACME is considering is a profit-sharing pla

saw5 [17]

All of the following are advantages of this type of retirement plan EXCEPT C) The 10 percent penalty tax does not apply to distributions prior to age 59.5.

<h3>Which of the following is a major benefit of an employer-sponsored retirement plan?</h3>

The plans lower your taxable income, which means that you will pay less in taxes for the year. They also grow deferred, which means that any profits growth is tax-free until it is withdrawn, and you can receive "free money" through employer matching contributions.

A profit sharing or stock bonus plan is a type of defined contribution plan where the employer or the plan specifies how much money will be donated each year (out of profits or otherwise).

To know more about retirement plan, refer:

brainly.com/question/29675409

#SPJ4

6 0

1 year ago

AFLAC, Inc. is implementing a new sales program to encourage customer service representatives to offer additional insurance prod

kari74 [83]

Answer:

B. cross-selling

Explanation:

Cross-selling is a business technique that consists in offering and selling a new product to an existing customer.

In this case, AFLAC, Inc is using cross-selling because its sales representatives will specifically target customers who already have some sort of service with the firm.

It is important for AFLAC, Inc to offer an additional product that actually enhances the value for the customer. Otherwise, the firm risks disrupting the relationship with its customers, and could even lose some of them.

3 0

3 years ago

You recently invested $18,000 of your savings in a security issued by a large company. The security agreement pays you 6 percent

Yuri [45]

Answer:

At the end of the three years period, the amount to recieve will be for $7,146.1

Explanation:

18,000 savings at 6% during three years.

we will calcualte the future value of a lump sum:

$Principal \: (1+ r)^{time} = Amount$

Principal 6,000.00

time 3.00

rate 0.06000

$6000 \: (1+ 0.06)^{3} = Amount$

Amount 7,146.10

3 0

3 years ago

Urgency, specific application, and size of order are examples of ________ segmentation variables for business markets.a. Situati

taurus [48]

Answer:

Letter a is correct. Situational factors.

Explanation:

Situational factors are defined as the set of temporary environmental factors that will influence consumer behavior in the purchasing process.

These may include:

the physical environment: physical characteristics that influence purchase such as the organization and size of space.
the social environment: influence of consumption by other people.
the task: convenience of purchase for some reason.
the time: time the person has to make a purchase.
antecedent psychological states: spirit and psychological states that influence people to buy.

4 0

3 years ago