Answer the following statement(s) true (T) or false (F)
1. The Sherman Antitrust Act was the basis for legal action involving Microsoft.
2. The Sherman Antitrust Act outlawed tying agreements and binding contracts.
3. The Celler-Kefauver Act outlaws mergers that reduce competition.
4. The Robinson-Patman Act was passed in 1976 and gives the FTC and the Justice Department more time to evaluate proposed mergers.
5. Since the 1970s the trend has been to reduce the involvement of government in business through deregulation.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Work in process inventory includes only direct materials, direct labor, and factory overhead
Indicate whether the statement is true or false
Which of the following statements is false regarding the portfolio selection problem?
A) The typical objective is to maximize the expected return on investment. B) The constraints only pertain to risk. C) Typical applications include banks, mutual funds, investment services, and insurance companies. D) The problem typically includes both greater-than-or-equal-to and less-than-or-equal-to constraints. E) The problem can also factor in legal requirements.
Use this information for questions that refer to the World Tennis Ball (WTB) Company case.World Tennis Ball Co. (WTB) makes tennis balls and sells them only in the United States. Raul Fernandez, the firm's marketing manager, is comparing his firm's distribution with two major competitors.1) WTB sells its products through four regional distributors, who then sell to 22 sporting goods wholesalers. The wholesalers sell to a total of 7,000 retail outlets. From its website, WTB also sells directly to any customer who will purchase a minimum quantity of 24 tennis balls. WTB cooperates with members of its channel but maintains some control through its economic power and leadership. It helps to direct the activities of the whole channel and tries to avoid or resolve channel conflicts.2)
American Tennis Ball (ATB) is a competitor that sells through two distributors-each with half the country. The distributors then sell through six sporting goods wholesalers, and they, in turn, sell to 1,000 retail outlets (split between two national sporting goods chains and two general merchandise stores). ATB and its channel make little effort to work together. However, because of a relatively low level of competition between the distributors, the wholesalers, or the retail stores, each member of the channel gives the product special attention.3) National Tennis Ball (NTB) sells its products through only three tennis specialty wholesalers that sell only to tennis clubs. NTB actually owns the wholesale firms that handle its products. NTB's balls are only available at certain tennis clubs and NTB limits coverage to only one club in a particular geographic area.Which tennis ball manufacturer is involved in direct distribution? A. National Tennis Ball B. World Tennis Ball C. American Tennis Ball D. All these firms use direct distribution. E. None of these firms uses direct distribution.
Deutsche Bank quotes bid–ask rates of $1.3005/€ - $1.3007/€ and ¥104.30 - 104.40/$. What would be Deutsche Bank's direct asking price of yen per euro?
What will be an ideal response?