After the Sinking of the Titanic,the U

question 42

Multiple Choice

After the sinking of the Titanic,the U.S.Congress passed the _____________,mandating among other things that wireless operators be licensed by the secretary of commerce and labor.

• A) Wireless Ship Act of 1910
• B) Radio Act of 1912
• C) Radio Act of 1927
• D) Communications Act of 1934

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Definitions:

Cost Of Completion

the estimated total expense required to finish a project, product, or service, often used in budgeting and financial projection.

Normal Profit

The minimum profit necessary for a company to remain competitive in its market, covering its opportunity costs.

Replacement Cost

The cost required to replace an asset with a new one of similar kind and quality at current prices.

Cost Of Completion

The estimated expenses associated with finishing a project, product, or service in its entirety.