A(n)_____ Arises When Two or More Enterprises Encounter Each Other

question 20

Multiple Choice

A(n) _____ arises when two or more enterprises encounter each other in different regional markets,national markets,or industries.

• A) monopoly
• B) monopsony
• C) cartel
• D) multipoint competition
• E) oligopsony

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Definitions:

Operating Activities

Day-to-day actions and transactions that are central to the primary business operations, including revenue and expense activities.

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Assets

Tangible assets, such as property, plant, and equipment, used in the operating activities of a business and not intended for sale in the normal course of business.