Which of the Following Statements About the U

question 29

Multiple Choice

Which of the following statements about the U.S.telephone marketplace is not true,as of the Telecommunications Act of 1996?

• A) Quickly, the local telephone industry in the U.S. went from a highly regulated monopoly to open competition.
• B) RBOCs may not provide long distance service outside the region in which they provide local telephone services.
• C) The common carriers may provide local services to customers.
• D) RBOCs can provide long distance services inside their region if at least one viable competitor for local telephone services exists.
• E) The Telecommunications Act replaced the 1984 consent decree under which AT&T was broken up.

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Definitions:

Equity Method Investments-Ferris

A specific example or case of using the equity method for accounting for investments in which an investor has significant influence over the investee, but does not control it.

Cash Dividends

Payments made by a company to its shareholders out of its profits in the form of cash.

Net Income

The final amount of profit a company makes after subtracting costs, taxes, and expenses from its gross revenue.

Fair Value

An estimated market value of an asset or liability based on current market prices or valuations.