In 2013, Approximately How Much Were Consumers Expected to Spend

question 54

Multiple Choice

In 2013, approximately how much were consumers expected to spend on digital music?

• A)$39 million
• B)$390 million
• C)$3.9 billion
• D)$39 billion

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Definitions:

Procedural Requirements

The rules and guidelines that must be followed for legal processes to be considered valid and lawful.

Notice and Comment

Notice and comment is a regulatory process allowing the public to give input on draft regulations before they are finalized by publishing a notice of proposed rulemaking.

Formal Rulemaking

A process in administrative law where rules are made by government agencies following a formal procedure that includes public notice and the opportunity for public comment.

Rulemaking Procedure

The formal process by which government agencies establish, modify, or repeal regulations and legal norms.