Recently, the European Commission Blocked the Merger of MCI Worldcom

question 19

Multiple Choice

Recently, the European Commission blocked the merger of MCI Worldcom and Sprint because

• A)MCI would gain access to Sprint avionics equipment, and pose a national security risk.
• B)the European telecommunications infrastructure standards are different that Sprint's current technology deployment.
• C)the company would be able to dictate prices for Internet access in Europe.
• D)British Telecom opposed the merger.

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Definitions:

Balance Sheet Accounts

Accounts found on the balance sheet that include assets, liabilities, and equity, detailing the financial position of a company at a specific point in time.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, such as assets, liabilities, and equity accounts.

Expense Account

An account that tracks the costs incurred by a business during its operations.

Accounts Payable

Liabilities owed by a company to its suppliers or creditors for goods and services received that have not yet been paid for.