Which of the Following Statements Is TRUE

question 160

Multiple Choice

Which of the following statements is TRUE?
I. Government ownership is a potential solution to the natural monopoly problem but it stifles innovation.
II. Regulated monopolies have little incentive to reduce costs, as they simply pass the higher costs on to consumers.
III. Government ownership of utilities worked well for several decades.

• A) I only
• B) II only
• C) I and II only
• D) I, II, and III

---

Definitions:

Referential Integrity

A concept in databases ensuring that relationships between tables remain consistent, typically through the use of foreign keys.

Organizational Policies

The set of rules, guidelines, and procedures established by an organization to govern the conduct of its members and operations.

Layoff Strategies

Methods and policies an organization employs to reduce its workforce for reasons such as cost reduction, restructuring, or downsizing.

Early Retirement

An option that allows employees to retire before the traditional retirement age, often with a proportionately reduced pension benefit.