In the US, One Example of a Cartel That Is Legal Is

question 3

Multiple Choice

In the U.S., one example of a cartel that is legal is

• A)the railroads, including Union Pacific.
• B)the oil industry.
• C)Major League Baseball.
• D)None, all cartels are prohibited.

---

Definitions:

Full-Accrual Totals

Accounting figures that include all revenues earned and expenses incurred, regardless of cash transactions.

Consolidation Worksheet

A tool used in preparing consolidated financial statements for a group of companies, allowing for the elimination of intercompany transactions and balances.

Income

Earnings generated from business activities over a period, often categorized as net, gross, operating, or non-operating income.

Dividends Paid

Payments made by a corporation to its shareholder members from its earnings or profits.