The US Securities and Exchange Commission Has Designated Just Nine Credit-Rating

question 162

Multiple Choice

The U.S. Securities and Exchange Commission has designated just nine credit-rating agencies as nationally recognized statistical rating organizations, which include Moody's, Standard & Poor's, and Fitch Ratings. These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them. Because so few companies can compete in it, the credit-rating industry would be considered a(n)

• A) mega monopoly.
• B) oligopoly.
• C) pure competition.
• D) monopolistic competition.
• E) pure monopoly.

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Definitions:

Neutral Transfer

The phenomenon where previous learning does not significantly influence the learning of new skills or knowledge, neither aiding nor hindering it.

Job Site

The physical location where work is performed; this term is often used in the context of construction, trades, or manual labor occupations.

Transfer of Training

The effective application of skills, knowledge, or attitudes learned in a training context to the job environment.

Generalization of Knowledge

The ability to apply learned information, skills, or procedures to different situations or contexts beyond the original setting.