Which of the following is true about the Sherman Act?
A) Liability under Section 2 for monopolization requires agreement with another party, but
liability under Section 1 for restraint of trade does not.
B) Liability under Section 1 for restraint of trade requires agreement with another party, but
liability under Section 2 for monopolization does not.
C) A business can be liable under either Section 1 or Section 2 without any agreement with
another party.
D) Liability under either Section 1 or Section 2 requires agreement with another party.
B
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Which of the following is least effective while searching for anomalies?
a. Comparing account balances in the statements from one period to the next. b. Calculating key ratios and comparing them from one period to the next. c. Performing horizontal analysis. d. Performing vertical analysis.
The trade term "________" is used when the seller fulfills his obligations to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment
A. free alongside B. free on board C. free carrier D. common carrier
If a person declares personal bankruptcy for the first time they are usually automatically discharged from all their debts within
A) 6 months B) 9 months C) 12 months D) 24 months E) 36 months
Situations under which parents can be held liable for the actions of a child include which of the following? I. The child uses a parent's gun to injure someone. II. The child is acting as an agent of the parent
A) I only B) II only C) both I and II D) neither I nor II