Which of the Following Was the Major Effect of the Telecommunications

question 63

Multiple Choice

Which of the following was the major effect of the Telecommunications Act of 1996 on radio?

• A)Fewer stations played urban contemporary music.
• B)Many conservative talk radio hosts were forced off the air.
• C)Radio programs started having content ratings similar to that used by movie studios.
• D)Individual companies were allowed to own an unlimited number of radio stations.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and securities, owned by a business or individual, used for creating wealth or to engage in further production.

Revenue

The total amount of money earned by a business from its normal business operations, before any expenses are subtracted.

Credit Balance

An accounting situation where the sum of credits in an account exceeds the sum of debits, often seen in liability and revenue accounts.

Income Summary

An account used in the closing process that aggregates all revenues and expenses to determine the overall profit or loss.