U.S. courts will assume jurisdiction and apply antitrust laws to conduct business outside the United States if the activities of the business firms outside the United States have a direct, substantial, and foreseeable impact on U.S. commerce. This is based on what principal?
A) the "jurisdictional rule of reason"
B) the "act-of-state doctrine
C) the "effects" doctrine
D) comity
C
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When consumers examine products, they often compare an observed price to an internal price they remember. This is known as a(n) ________ price
A) markup B) reference C) market-skimming D) accumulated E) target
The following information refers to Percy's Records and its competitors in the music store business. ?Current RatioQuick RatioPercy's Records2.00.95 Jewel CDs 1.51.00 Rudy's Raps1.81.20 Marvin's Jazz1.90.80 Industry Average2.01.00Required:Comment on the relative liquidity positions of these companies.
What will be an ideal response?
Activity-based costing is a more detailed approach to determining the cost of goods and services
Indicate whether the statement is true or false
After years of hearing about how much he hates his job at a grill and bar, Raja's friends all tell him he should strike out on his own and start his own restaurant. Raja is unsure, however, and needs some convincing. What is one truthful statement they might use to entice him into becoming an entrepreneur?
A. Once you hire a few servers, you will be able to sit back and relax. B. Opening a restaurant is a great way to make a quick profit. C. Think of how satisfying it will feel to watch the restaurant grow in popularity. D. If you start the restaurant now, you will be able to retire before you are 30. E. If you own your own restaurant, you will never have to look for a job.