In a Highly Regulated,monopolistic Industry,such as the Electrical Utility or TV

question 83

Multiple Choice

In a highly regulated,monopolistic industry,such as the electrical utility or TV cable,a cost management system is

• A)of limited need because costs are typically passed along to customers via the rate structure.
• B)essential because of the need to provide the highest degree of cost efficiency possible for customers.
• C)critical to the needs of empowered employees making decisions at various levels of the organizational hierarchy.
• D)of no use because there is no attempt by management to control costs.

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Definitions:

Court Of Law

A tribunal, often a government institution, where disputes are settled through the legal process.

Appealed

The process of formally requesting a higher authority to reconsider a decision or judgment previously made.

Canadian Government

The federal administration of Canada, consisting of legislative, executive, and judicial branches that govern the country according to its constitution and laws.

Jurisdiction

The official power to make legal decisions and judgments, often referring to the geographical or topical area of responsibility and authority.