Which of the Following Industries Is Least Likely to Exhibit

question 300

Multiple Choice

Which of the following industries is least likely to exhibit the characteristic of free entry?

• A)bookstores
• B)hairstyling salons
• C)yoga studios
• D)satellite radio

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Definitions:

Fiduciary Duty

Someone who is required to act for the benefit of another person on all matters within the scope of their relationship; one who owes to another the duties of good faith, loyalty, due care, and disclosure.

Personal Representative

An individual appointed to administer the estate of a deceased person, managing and distributing the person's assets per their will or law.

Treasury Bills

Short-term government securities issued at a discount from the face value and redeemed at maturity for the full face value.

Escheats

The process by which unclaimed or abandoned property reverts back to the state.