Which of the Following Is an Example of a Natural

question 280

Multiple Choice

Which of the following is an example of a natural monopoly?

• A) the Pittsburgh Penguins hockey team, a National Hockey League team
• B) Ford Motors, the large automobile producing company
• C) Florida Power and Light, an electric utility in Florida
• D) Sony, the Japanese producer of the Playstation III
• E) JCPenney, the large department store chain

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Definitions:

Finished Goods

Items that have finished being made but haven't been purchased by buyers yet.

Production Jobs

Tasks or operations related to the manufacturing or production process within an organization, often categorized by specific roles or assignments.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.

Factory Overhead

Factory overhead encompasses all indirect costs associated with manufacturing, such as utilities, maintenance, and management salaries, not directly tied to the production of goods.