The Purpose of the U

question 47

Multiple Choice

The purpose of the U.S. Financial Services Oversight Council, which was created by the Dodd-Frank Act, is to:

• A)replace the existing U.S. regulatory agencies with one agency to enforce all financial regulations.
• B)oversee U.S. private credit rating agencies.
• C)determine appropriate levels of executive compensation for firms in the U.S. financial system.
• D)coordinate activities of the various U.S. regulatory agencies.

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Definitions:

Average Revenue

Average revenue is the amount of money that a company receives per unit of goods or services sold, calculated by dividing total revenue by the number of units sold.

Percentage of Sales Budgeting

A method of budgeting marketing expenditures based on a fixed percentage of past or forecasted sales.

Competitive Parity

A strategy in which a company sets its level of marketing expenditures to match its competitors, preventing any one competitor from gaining an advantage in the market.

Objective and Task

A method of setting marketing or advertising budgets based on defining specific objectives and estimating the cost of tasks required to achieve them.