Which of the Following Is NOT One of the Basic

question 11

Multiple Choice

Which of the following is NOT one of the basic qualifications required of all broadcast license applicants?

• A)Applicants must be of good character-as measured by a lack of serious legal violations in one's past.
• B)Applicants must show that their stations will comply with FCC technical standards.
• C)Applicants must be U.S.citizens.
• D)Applicants must submit a detailed programming plan and formal "ascertainment" findings.

---

Definitions:

Assets

Resources owned or controlled by a business, expected to produce benefits or economic value in the future.

Liabilities

The financial obligations of a business entity, including debts and other amounts owed to creditors.

Equity

The remaining stake in a company's assets once liabilities are subtracted, signifying the equity held by shareholders.

Accounting Equation

A fundamental financial principle represented as Assets = Liabilities + Owners' Equity, showing the relationship between a company's resources and its sources of financing.