Which Statement Is True

question 65

Multiple Choice

Which statement is true?

• A)Oligopoly does not exist in the U.S.
• B)Most business firms in the U.S.are oligopolies.
• C)Most large firms in the U.S.are oligopolies.
• D)Oligopoly is virtually all cutthroat in the U.S.

Identify and understand management and financial challenges leading to business failure.

Recognize the role and impact of small businesses in the economy.

Analyze scenarios to identify key factors in business success or failure.

Understand the concept of economies of scale and its benefits.

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Definitions:

Cognitive Ability Test

A standardized assessment designed to measure an individual's logical, mathematical, verbal, and spatial abilities.

Work Sample Test

A pre-employment testing method where candidates perform tasks or work activities that mirror the duties of the job they applied for.

Content Validity

The extent to which a test or assessment accurately measures the elements it is intended to measure, ensuring relevance.

Major Job Functions

The primary duties and responsibilities that define a specific job or position within an organization.