The Act Passed to Allow Virtually Any Business to Enter

question 30

Multiple Choice

The act passed to allow virtually any business to enter the telecommunications industry is called:

• A) 2009 Cable and Television Act.
• B) 1996 Telecommunications Act.
• C) 1975 Interstate Wire Communications Act.
• D) 1893 Federal Communications Act.

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Definitions:

Banking Regulators

Authorities or bodies that supervise and oversee the banking industry to ensure stability, consumer protection, and adherence to laws.

Noncomplying Banks

Banks that fail to adhere to specified regulations, standards, or laws set by banking regulators or supervisory authorities.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of stock at a set price on or before a given date.

Executive Pay Packages

Compensation plans designed for executive-level employees, which may include a combination of salary, bonuses, stock options, and other benefits.