In 1934, Congress Created the __________, Now a Powerful Agency

question 61

Multiple Choice

In 1934, Congress created the __________, now a powerful agency that regulates all forms of electronic media, including radio, television and cable television, cell phones, and even wireless networks.

• A) Central Intelligence Agency
• B) Federal Communications Commission
• C) Federal Media Agency
• D) National Broadcasting Association
• E) National Broadcasting Commission

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Definitions:

Net Operating Income

Income before interest and income taxes have been deducted.

Drop Product

A strategy or decision by a company to discontinue the production, sale, or support of a product line or item.

Special Order

A one-time order that is not considered part of the company’s normal ongoing business.

Variable Cost

A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.