Ideal Standards Are Developed Under the Assumption That No Obstacles

question 9

True/False

Ideal standards are developed under the assumption that no obstacles to the production process will be encountered.

---

Definitions:

Airline Deregulation Act

A United States federal law passed in 1978 that removed governmental control over fares, routes, and market entry of new airlines, significantly reducing barriers to entry in the airline industry.

Civil Aeronautics Board

The Civil Aeronautics Board was a federal agency in the United States that regulated aviation services, including fares, routes, and schedules, before its dissolution in 1985.

Fares

The prices charged for transportation services, such as bus, train, or airplane tickets.

Routes

Paths or directions followed for the transportation of goods or services from one location to another.