The US Securities and Exchange Commission Has Designated Just Nine Credit-Rating

question 38

Multiple Choice

The U.S. Securities and Exchange Commission has designated just nine credit-rating agencies as nationally recognized statistical rating organizations, which include Moody's, Standard & Poor's, and Fitch Ratings. These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them. Because so few companies can compete in it, the credit-rating industry would be considered

• A)a mega monopoly.
• B)an oligopoly.
• C)a pure competition.
• D)a monopolistic competition.
• E)a monopoly.

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Definitions:

Idea

A thought, plan, or suggestion about what to do, often implying creativity or innovation.

Opportunity

A set of circumstances that makes it possible to do something, especially something that might lead to success or advancement.

Business Plan

A document that outlines a company's strategic direction, goals, and the methods it will use to achieve those goals.

Windows of Opportunity

Specific periods during which the conditions are right to pursue a particular action or make a change to gain a strategic advantage.