The Role That Was Once Performed by Price Surveillance Authority

question 38

Multiple Choice

The role that was once performed by Price Surveillance Authority ('PSA') is now undertaken by the Australian Competition and Consumer Commission ('ACCC') .That role is:

• A)to monitor corporations.
• B)to reduce competition in the marketplace to ensure that consumers get the best prices.
• C)to monitor prices in areas where competition is not effective to protect consumers and ensure efficient prices
• D)to promote mergers, acquisitions and monopolies in the marketplace and ensure that all businesses are treated equitably.

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Definitions:

Tax Credit

An amount that taxpayers can subtract directly from taxes owed to their government.

Forecast Error

Forecast error is the difference between the actual value and the predicted value in a forecast, indicating the accuracy of forecasting models.

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in revenue, highlighting the impact of fixed costs on profitability.