Which of the Following Statements Is True

question 18

Multiple Choice

Which of the following statements is true?

• A)Thanks to the popularity of deregulation in the 1960s,by the end of the decade the airlines were free to set their own prices and select their own routes.
• B)Before deregulation,the Interstate Commerce Commission sometimes forced truckers to take roundabout routes and to return with empty trucks from long hauls.
• C)Airfares have stayed about the same after deregulation as they were before deregulation took place.
• D)Deregulation in various industries that took place in the 1980s has been an unqualified success,except in the airlines industry.

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Definitions:

Owner's Equity

The amount of the business that belongs to the owners minus any liabilities owed by the business.

Total Liabilities

The sum of all financial obligations a company owes to external parties, including loans, accounts payable, and bonds payable.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its total resources.

Balance Sheet

The balance sheet offers a momentary view of a company's financial status at a certain time, detailing its assets, liabilities, and equity held by shareholders.