What Event Contributed Most to the Increased Need for Telecommunications

question 28

Multiple Choice

What event contributed most to the increased need for telecommunications salespeople?

• A) deregulation of telephone service
• B) anti-trust suits brought against the telecommunications industry
• C) financial improprieties in the telecommunications industry
• D) creation of a national regulatory committee for telephone service
• E) development of voice-over-IP (VOIP) technologies

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Definitions:

Asset

Resources owned by a company from which future economic benefits are expected to flow to the entity.

Recorded

The process of documenting financial transactions in accounting records.

Debit

A financial transaction that causes a rise in the assets or a fall in the liabilities of a corporation's balance sheet.

Accounting Transactions

Economic events that require recording in the financial statements because they affect the assets, liabilities, or equity of a company.