In Todd v. Exxon Corp, where Exxon other oil companies hired a consultant to gather information about the salaries they paid professionals at the companies, and the information was used to help set salaries, the appeals court held the practice was:
a. illegal because there is a per se rule against sharing price information among competitors b. legal because improved price information helps produce better decisions in the market
c. legal because the information was shared openly, so there could be no conspiracy d. legal because an outsider collected the information, not the firms themselves
e. none of the other choices
e
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Indicate whether the statement is true or false
The higher the interest rate, the lower the present value factor
Indicate whether the statement is true or false
Generally, as the proportion of middle-income households in a country ________, the nation's purchasing power increases.
A. reaches 33 percent of the total population B. increases C. reaches 50 percent of the total population D. levels off E. decreases
In 2014, Apple purchased Beats Electronics for billion USD. While Apple valued the product portfolio of Beats, its primary aim was to pull the founders of Beats, Jimmy Iovine and Dr. Dre (aka Andrew Young), into the Apple family. This is an example of acquiring firms using acquisitions to acquire
A. critical land resources. B. critical reputation. C. critical human capital. D. critical financial resources.