Which Would Be an Example of Public Ownership as a Response

question 205

Multiple Choice

Which would be an example of public ownership as a response to natural monopolies?

• A)Federal Energy Regulatory Commission
• B)Federal Trade Commission
• C)U.S. Food and Drug Administration
• D)U.S. Postal Service

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Definitions:

Inventory

Assets held for sale in the ordinary course of business, as well as materials and supplies used in producing goods available for sale.

Chart of Accounts

The Chart of Accounts is an organized list of all accounts in the general ledger of a company, used for recording transactions and building financial statements, categorized by assets, liabilities, equity, revenues, and expenses.

Merchandising Business

A type of business that purchases finished products and sells them to consumers, making a profit from the markup.

Service Business

A company that provides intangible products, such as expertise or labor, rather than physical goods.