There Are Only Two Justifications for Monopoly: ______________ and _____________

question 22

Multiple Choice

There are only two justifications for monopoly: ______________ and _____________.

• A)economies of scale;natural monopolies
• B)economies of scale;patents
• C)natural monopolies;patents
• D)imperfect competition;being established

Recognize the structure and essential components of memos.

Understand the requirements for page numbering in formal reports.

Recognize appropriate salutations and openings in business communication.

Understand the use of enclosure notations in business letters.

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Definitions:

Excess (Deficiency)

The amount by which actual income exceeds or falls short of the budgeted amount.

Cash Budget

A financial tool used by businesses to plan for their cash inflows and outflows over a specific period to manage liquidity.

Budgeted Disbursements

Forecasted cash outflows for a specific period, often part of a company's cash budget and crucial for managing liquidity.

Desired Balance

The targeted amount of funds or resources a company or individual aims to have available at a certain point in time for a specific purpose.