The Change from Using Radio as a Point-To-Point Medium to Using

question 29

Multiple Choice

The change from using radio as a point-to-point medium to using it as a point-to-many medium (broadcasting) was:

• A)widely anticipated
• B)coordinated by the FRC
• C)facilitated by the Great Depression
• D)unexpected
• E)an example of what would later occur in the telegraph industry

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Definitions:

SML Approach

Stands for the Security Market Line approach, which illustrates the expected return of investments as a function of their risk, according to the Capital Asset Pricing Model (CAPM).

Subjective Approach

A perspective or method based on personal opinions, interpretations, points of view, emotions, and judgment.

Weighted Average Cost

A method to calculate the average cost of goods produced or acquired, weighted by the quantities.

SML Approach

A representation of the Capital Asset Pricing Model (CAPM) that displays the expected return of a security as a function of its systemic risk.