Which of the Following Is Most Likely to Be Characterized

question 42

Multiple Choice

Which of the following is most likely to be characterized by pure competition in the United States?

• A) soybeans
• B) cereal
• C) soft drinks
• D) computer operating systems
• E) fast-food restaurants

---

Definitions:

Business Activities

Various actions undertaken by a company as part of its operation, including investing, financing, and operating activities.

Revenues

The income received by a business from its normal business operations, often from the sale of goods or services.

Transposition

An error in which the order of the digits is changed, such as writing $542 as $452 or $524.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check for errors in the double-entry system.