Which Statement Best Describes the Attitude of Broadcasters as Cable

question 34

Multiple Choice

Which statement best describes the attitude of broadcasters as cable began to expand in the mid 1960s and early 1970s?

• A)Cable was a nuisance.
• B)Cable provided unfair competition.
• C)They took a "wait and see" attitude.
• D)They understood advantages of cable for their stations.
• E)They were indifferent.

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Definitions:

Par Value

The face value of a bond or stock as specified by the issuing company, which has little relation to its market value.

Market Value

The price at which an asset would trade in a competitive auction setting.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Retained Earnings

The portion of a business's profits not distributed to shareholders but reinvested in the business or held for future use.