Christian and Jimmy both design and manufacture popular shoes. They believe that one of the department stores that carries both of their designs is undercutting the other department stores' prices. After discussion, Christian and Jimmy decide that they should not sell their shoes to the department store again. What type of restraint is this?
A. Price-fixing.
B. Meeting of the minds.
C. Market allocation.
D. Boycott.
Answer: D
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The Charleston Company is a relatively small, privately owned firm. Last year, the company had an after-tax income of $15,000 and 10,000 shares were outstanding. The owners were trying to determine the market value for the stock prior to taking the company public. A similar firm, which is publicly traded, had a price/earnings ratio of 5.0. Using only the information given, the market value of one share of Charleston's stock is estimated as:
A. $10.00. B. $7.50. C. $5.00. D. $2.50. E. $1.50.
Which of the following statements about entrepreneurs is false?
a. They burn with the competitive desire to excel. b. They see the cup half full rather than half empty. c. They do not use failure as a tool for learning. d. They are achievers.
The need to store and transmit images has been a driving force in
the development of networking technology. Indicate whether the statement is true or false
The utility of any test generally ________ as the selection ratio gets lower.
A. decreases B. becomes negative C. remains the same D. becomes zero E. increases