Which Statement About the FCC Is Correct

question 61

Multiple Choice

Which statement about the FCC is correct?

• A)The FCC was established in 1949 by President Harry Truman.
• B)The FCC licenses radio stations but not television stations.
• C)The FCC licenses television stations but not radio stations.
• D)The FCC does not regulate newspapers.

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Definitions:

Asset Account

This refers to any account on a company's balance sheet that represents a tangible or intangible resource owned by the company that has economic value.

Liquid Accounts

Refers to financial accounts which hold assets that can be readily converted into cash, often with little to no loss in value, such as savings accounts or money market accounts.

Profitability Ratios

Financial metrics used to evaluate a company's ability to generate profit relative to its revenue, assets, equity, or other financial metrics.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues; also known as net earnings or net profit.