Lloyd sold car floor mats to Mercedes dealerships. Then Mercedes began to include floor mats as standard equipment. Mercedes has a 10 percent share of the luxury car market
a. Mercedes has created an illegal tying arrangement because floor mats and cars are separate products.
b. Mercedes has not created an illegal tying arrangement because it does not have significant power in the luxury car market.
c. Mercedes has not created an illegal tying arrangement because it is not tying the two products together.
d. Mercedes has created an illegal tying arrangement because it controls the market in floor mats.
.B
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Which of the following is a preventive control?
a. credit check before approving a sale on account b. bank reconciliation c. physical inventory count d. comparing the accounts receivable subsidiary ledger to the control account
Describe some causes of conflict in organizations.
What will be an ideal response?
Most publicly traded firms operate as corporations. Which of the following is/are not true?
a. The corporate form facilitates the transfer of ownership interests because owners can sell their shares without affecting the ongoing operations of the firm. b. The transfer of ownership interests is a transaction between shareholders and does not involve the firm whose shares change hands. c. Investors make capital contributions under a contract between themselves and the corporation. d. The corporation has legal status separate from its owners. e. none of the above
Government agents may monitor online chat rooms on the Internet to listen for evidence of illegal trading of child pornography. When challenged, a federal court held that this practice:
a. was an unconstitutional violation of the 4th Amendment as a form of warrantless search b. was an unconstitutional violation of the 4th Amendment right to privacy c. was an unconstitutional violation of the 1st Amendment right to freedom of speech d. was constitutional because there was no right to privacy in that location e. none of the other choices