-Antitrust Policy Is Used to Describe Government Policies and Programs

question 69

Multiple Choice

-Antitrust policy is used to describe government policies and programs that are designed to:

• A)promote the creation of trusts, or combinations of independent firms.
• B)control the growth of monopoly and enhance competition.
• C)deal with the threat of competitive practices to public interests.
• D)create an environment in which the government will distrust firms.
• E)create an environment in which firms will distrust the government.

---

Definitions:

Post-Closing Trial Balance

A trial balance prepared after closing entries are made, showing the balances of ledgers that remain for the start of the next period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset since its purchase.

Depreciation Expense

Methodically dispersing the cost of a physical asset over its serviceable lifetime.

Dividends

Distribution of a portion of a company's earnings, decided by the board, to a class of its shareholders.