Which of the Following Is the Closest Example of a Perfectly

question 28

Multiple Choice

Which of the following is the closest example of a perfectly competitive industry?

• A) casual dining restaurants
• B) cigarettes
• C) convenience stores
• D) alfalfa

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Definitions:

Disbursement Float

The time lag between a payment being made by a company and the actual withdrawal of funds from the company's account.

Deposited

Placing money into a financial account or institution for safekeeping or investment purposes.

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.