Since the End of the War in the Persian Gulf,the

question 9

Multiple Choice

Since the end of the war in the Persian Gulf,the world price of oil has fallen.But in some areas,consumers have seen little relief at the pump.This phenomenon can be explained by the theory of:

• A) perfect competition.
• B) monopolistic competition.
• C) oligopoly.
• D) monopoly.

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Definitions:

Consolidation Worksheet

A tool used in the preparation of consolidated financial statements that combines the financials of a parent company and its subsidiaries.

Straight-Line Method

An accounting method of depreciation where an asset's cost is evenly spread over its useful life.

Intra-Entity

Referring to transactions or activities that occur within the same legal entity or among different units of the same corporation.

Ten-Year Bonds

Long-term debt securities issued by entities, maturing in ten years, and often used to raise capital.