What aspect of health regulation is managed by the FDA?

The correct answer focuses on the critical role of the FDA (Food and Drug Administration) in ensuring the safety and efficacy of medical products, which includes setting and enforcing standards for medical devices and drugs. The FDA is responsible for evaluating the safety, effectiveness, and quality of pharmaceuticals, biologics, and medical devices before they can be marketed and used by the public. This includes a rigorous approval process that assesses clinical trials, manufacturing practices, and post-marketing surveillance to ensure ongoing safety.

In contrast, financial audits of medical facilities fall under the purview of other regulatory bodies or specialized auditing organizations, which assess the financial practices and compliance with fiscal laws. Environmental health assessments are typically conducted by environmental agencies at the federal and state levels focusing on evaluating environmental risks rather than regulating health products. Public health campaigns against smoking are generally coordinated by organizations like the Centers for Disease Control and Prevention (CDC) or local health departments rather than the FDA, which mainly focuses on products rather than promoting public health campaigns directly. Thus, the FDA's specific mandate around the regulation of medical devices and drugs is what makes this answer correct.