-
Flashcards
-
Learn
-
Test
-
Match
-
Flashcards
-
Learn
-
Test
-
Match
Terms in this set (20)
A transaction in which a corporation transfers its assets to another and then ceases to exist is generally known as what?
a.) Dissolution
b.) Consolidation
c.) Merger
d.) Fusion
c.) Merger
For the federal government to have antitrust jurisdiction, the particular activity must be in or affect interstate commerce.
True
False
True
Which of the following is not one of the major US antitrust laws?
a.) Clayton Act
b.) Sherman Act
c.) Powell Act
d.) Federal Trade Commission Act
c.) Powell Act
Union activities are generally exempt from the antitrust laws.
True
False
True
"Contracts, combinations, and conspiracies in restraint of trade" are a major focus of which statute?
a.) The Federal Trade Commission Act
b.) The Sherman Act
c.) The Clayton Act
d.) The McCarran-Ferguson Act
b.) The Sherman Act
Which of the following statutes exempts the "business of insurance" from the antitrust laws?
a.) The McCarran-Ferguson Act
b.) The Clayton Act
c.) The Federal Trade Commission Act
d.) The Sherman Act
a.) The McCarran-Ferguson Act
A certain federal law prohibits unfair or deceptive practices, such as making false promises about a product, sending billing for unsolicited merchandise, using high-pressure door-to-door sales methods, and bait-and-switch techniques. What law is this?
a.) Sherman Antitrust Act
b.) Adam Clayton Powell Act
c.) Federal Trade Commission Act
d.) Interstate Commerce Act
c.) Federal Trade Commission Act
The Herfindahl-Hirschman Index is a tool used to measure the concentration of a given market.
True
False
True
The antitrust laws are based on the premise that free markets are a good thing.
True
False
True
PharMax, a pharmaceutical manufacturer, sells its drugs for use in hospitals at a lower wholesale price than the price given to commercial pharmacies. CPC, Inc., a commercial pharmacy chain, files suit alleging a violation of the price discrimination laws. What is the likely outcome of the suit?
a.) CPC will lose because antitrust laws do not apply to hospitals.
b.) CPC will win because PharMax is attempting to monopolize the not-for-profit market.
c.) CPC will win because clearly there is discriminatory pricing.
d.) CPC will lose because sales to not-for-profit hospitals are treated differently.
d.) CPC will lose because sales to not-for-profit hospitals are treated differently.
Lawful activities of labor unions, such as collective bargaining, do not fall within the scope of the antitrust laws.
True
False
True
Which antitrust principle is most often used by physicians to challenge decisions about medical staff privileges?
a.) Monopoly
b.) Group boycott
c.) Rule of reason
d.) Price fixing
b.) Group boycott
Some joint activities between hospital competitors may actually have positive effects on competition. Which of the following is least likely to be considered such an activity?
a.) Mutual decisions to limit services
b.) Jointly administered surveys on consumers' health status
c.) Joint ventures to acquire expensive technology
d.) Acquisition of a failing hospital by a strong one
a.) Mutual decisions to limit services
Violation of the antitrust laws can result in civil and/or criminal penalties.
True
False
True
Any agreement between two people or corporations that restrains trade is a violation of the antitrust laws.
True
False
False
Which of the following is most likely to be considered exempt by statute from the antitrust laws?
a.) The business of healthcare
b.) The business of insurance
c.) The business of football
d.) The business of railroads
b.) The business of insurance
If a business transaction is not considered a per se (automatic) violation of the antitrust laws, what type of analysis will the courts apply to the situation?
a.) Rule in Shelley's
Case
b.) Noerr-Pennington Doctrine
c.) Rule of reason
d.) Fair market value
c.) Rule of reason
Which of the following is not a per se (automatic) violation of the antitrust laws?
a.) Monopolization
b.) Price fixing
c.) Dividing markets
d.) Group boycott
a.) Monopolization
The board members of XYZ Corporation discuss among themselves how to increase the market share for XYZ Widgets®. Eventually, their widgets beat out the competition and became the only brand of this type of product remaining on the market. What is the most likely analysis of the situation from the standpoint of antitrust law?
a.) Because the company has in fact created a monopoly, it has violated the antitrust laws.
b.) The board members are guilty of an attempt to monopolize.
c.) The mere fact that these widgets have cornered the market does not prove a violation.
d.) The board members' discussions amount to a conspiracy to restrain trade.
c.) The mere fact that these widgets have cornered the market does not prove a violation.
Ocwen, Inc., makes a doodad that competes directly with XYZ Corporation's gizmo. Both companies are beating themselves up trying to outdo the other. Over lunch, the two CEOs come to terms: Ocwen will sell its doodads west of the Mississippi; XYZ will sell its gizmos only in the East. What antitrust violation have the CEOs committed?
a.) Division of markets
b.) Price fixing
c.) Monopolization
d.) Tying arrangement
a.) Division of markets
Students also viewedHADM 4332
125 terms
ayssahernandez1
LEGL 4332 Final Chapters 9-15 ( UHCL, Summer 2019)
128 terms
Natalie_Snell5
Week 12 Quiz
15 terms
sunshine3300
Week 14 Quiz
16 terms
sunshine3300
Sets found in the same folderHADM LEGL Quiz 8
15 terms
sabrina_bhayani
HADM LEGL - Chapter 10 Quiz
16 terms
sabrina_bhayani
HADM LEGL - Chapter 11 Quiz
23 terms
sabrina_bhayani
HADM LEGL - Chapter 12 Quiz
16 terms
sabrina_bhayani
Other sets by this creatorSample Test
15 terms
sabrina_bhayani
Lecture 8 (Without Promotions Mix)
115 terms
sabrina_bhayani
Lecture 12 | Managing Digital Communications
66 terms
sabrina_bhayani
Lecture 8 | Promotions Mix
25 terms
sabrina_bhayani
Verified questions
finance
The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll in Appendix A. ***Instructions*** (a) Identify two accounts on Hershey’s balance sheet that provide evidence that Hershey uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process. (b) Identify two accounts on Tootsie Roll’s balance sheet that provide evidence that Tootsie Roll uses accrual accounting (different from the two you listed for Hershey). In each case, identify the income statement account that would be affected by the adjustment process.
Verified answer
question
Attend a city council or county board meeting in your area. Write a one-page article describing what took place. What decisions were made that might affect you and your community? Be sure to include residents’ comments.
Verified answer
algebra
*Refer to functions $f$ and $g$ that satisfy $f^\prime(2)=3$ and $g^\prime(2)=-1$. In each problem, find $h^\prime(2)$ for the indicated function $h$.* $$ h(x)=-4f(x)+5g(x)-9 $$
Verified answer
question
A confidence interval for the price of gasoline from a random sample of 30 gas stations in a region provides the following statistics: $$ \bar{y}=\$ 4.49 \quad s=\$ 0.29 $$ a) What is the $95 \%$ confidence interval for the mean price of regular gasoline in that region?
Verified answer
Recommended textbook solutionsAmerican Government
1st EditionGlen Krutz
412 solutions
Human Resource Management
15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine
249 solutions
Information Technology Project Management: Providing Measurable Organizational Value
5th EditionJack T. Marchewka
346 solutions
Social Psychology
10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson
525 solutions
Other Quizlet setsEcon test 2
13 terms
Layne_FrearsonPlus
Bio Lab Spring Final
36 terms
wncoffman
McKibben Ch. 6
28 terms
mary_a_brand