The Herfindahl-Hirschman Index (HHI)for a Local Water Supplier Is

question 102

Multiple Choice

The Herfindahl-Hirschman Index (HHI) for a local water supplier is

• A)less than 100.
• B)between 101 and 999.
• C)more than 1,000 but less than 2,000.
• D)10,000.
• E)between 2,000 and 5,000.

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Definitions:

Service-Type Business

A service-type business is an entity that provides intangible products or services to customers, rather than physical goods.

Accrual-Basis Accounting

Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur.

Cash-Basis Accounting

Accounting basis in which companies record revenue when they receive cash and an expense when they pay out cash.

Revenue Recognition Principle

An accounting principle stating that revenue should be recorded when it is earned and realizable, regardless of when the cash is received.