When a manufacturer conspires with wholesalers or retailers to ensure certain retail prices are maintained it is known as horizontal price fixing
Indicate whether the statement is true or false
FALSE
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Saul is a fisherman in his small village. Skyler, his wife, was tired of him missing dinner. She decided to display a red light on her front porch of the little house by the sea to alert him when dinner was ready. Every time he saw the red light, he felt hungry, and he immediately went home. This is an example of ______.
A. an unconditioned stimulus because he just knew when it was time for dinner B. a neutral stimulus because the red light did not elicit a response C. a conditioned response to the red light because he was reinforced for coming home D. a conditioned response to the red light, such as feeling hunger pangs or salivating
Automatically stopping the process when something is wrong and then fixing the problems on the line itself as they occur is known as:
A) andon. B) muda. C) jidoka. D) poka-yoke.
Timothy is developing a business plan for a new type of bicycle helmet. He is interested in finding the point at which the costs of producing the helmet will equal the revenue earned from selling the product. Timothy is interested in finding the
A. elasticity of demand. B. breakeven point. C. variable costs. D. price elasticity. E. sum of fixed costs.
Mary, Harold, Harvey, and William form an LLC by contributing $20,000, $50,000, $55,000, and $150,000, respectively. The LLC is designated to be member-managed. When a decision is put to vote, Mary, Harvey, and Harold vote "yes," whereas William votes "no." Which of the following is true in this context?
A. William's decision prevails as he has invested the maximum capital. B. No conclusion can be derived as the vote is not unanimous. C. Mary, Harvey, and Harold's decision prevails due to simple majority. D. The decision is put to vote among employees of the company.