In 1996,the U

question 76

Multiple Choice

In 1996,the U.S.Congress replaced all current laws,FCC regulations,and the consent decree for AT&T.It:

• A) set up the Telecommunications Competition and Deregulation Act
• B) permitted MCI to provide limited long distance service in the U.S.
• C) permitted telephone and/or computer equipment that was not manufactured by Bell Telephone to be connected to AT&T's network
• D) divided AT&T into two parts: one part for long distance service, and a second part, comprised of seven operating companies, for local telephone service
• E) set up deregulation for international telecommunications markets in 68 countries

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Definitions:

Fair Value Accounting

A financial accounting approach where assets and liabilities are recorded and reported at their current market value.

Investments Account

An account on the balance sheet that reports the cost of investments held by an entity, such as stocks, bonds, or real estate.

Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time, providing a snapshot of a company's financial condition.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price.