The Telecommunications Act of 1996

question 20

Multiple Choice

The Telecommunications Act of 1996:

• A)removed limits on the number of radio stations that can be owned by one person or group
• B)deregulated rates of many cable systems
• C)allowed telephone companies to enter the cable TV business
• D)mandated that all new TV sets include a V-chip
• E)all of these

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Definitions:

Common Stock

Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends.

Fair Value

An estimation of the price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.

Par Value

The face value of a bond or stock, indicating the amount that must be repaid at maturity (for bonds) or the nominal value of a share (for stocks).

Consideration Transferred

Consideration transferred is the total value of assets, liabilities, or equity shares that an acquirer gives up in order to acquire control of a target company in a business combination.