One of the Driving Forces Behind the Adoption of Format

question 94

Multiple Choice

One of the driving forces behind the adoption of format radio was that ______.

• A) radio stations could charge an advertising premium for target audiences
• B) paperwork became easier for program directors
• C) disc jockeys had a chance to play a wider variety of music
• D) it made it easier for record companies to promote new artists
• E) radio stations could fulfill their public service requirements

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument.

Issue Price

The price at which new shares, bonds, or other securities are offered to the public or existing shareholders for sale.

Stock Dividends Distributable

Shares that are to be given to shareholders as dividends, which have been declared by a company’s board but have not yet been distributed.

Equity Account

An account representing the owner's or shareholders' residual interest in the assets of the entity after deducting liabilities.