Which of the Following Is an Example of Cartel

question 78

Multiple Choice

Which of the following is an example of cartel?

• A)Advanced Micro Devices
• B)AREVA
• C)Organization of the Petroleum Exporting Countries
• D)Combat Observation Laser Teams
• E)Lloyds Banking Group

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Definitions:

Recognition

The process in accounting where certain transactions are recorded in the financial statements of a reporting period.

Discount

A reduction applied to the nominal price or face value of something for promotional purposes, or to reflect current market values.

Forward Contract

A financial derivative contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Exchange Rates

The rate at which one currency can be exchanged for another.