To Counter the Sharp Reversal of Fortunes, Many Broadcasters Formed

question 36

Multiple Choice

To counter the sharp reversal of fortunes, many broadcasters formed _____________agreements, whereby one radio station leases time and/or facilities from another area station.

• A) Reciprocal trade agreements
• B) Local Marketing Agreements
• C) Revenue Sharing agreements
• D) Non-competetive Network Agreements

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Definitions:

Capacity

The legal ability of a party to enter into a contract.

Severely Intoxicated

A state of being under the influence of alcohol or drugs to a significant degree, impacting cognitive and physical abilities.

Capacity

In law, the ability of an individual to enter into a contract, evidenced by their being of sound mind and of legal age, or by a business to enter into agreements.

Ratification

The act of giving formal consent to a treaty, contract, or agreement, making it officially valid.