Which of the following best describes the activities allowable under the Noerr doctrine?
A) Monopoly power is not a violation when it was acquired through superior business skill.
B) Mergers will be allowed under the antitrust laws when one of the companies would have
failed in the absence of a merger.
C) Competitors can agree on the prices at which they will sell their products when the
agreement results in lower prices for consumers.
D) A company is free to compete or not compete with any other business, so long as the
decision is made unilaterally.
E) Competitors can work together to lobby for passage of laws without being in violation of
the antitrust laws.
E
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Wheels conducts exhaustive customer surveys to discover customer preferences and attitudes towards the brand. Sally uses cluster analysis to classify the data and help the company determine the trends in the information. Sally is using the technique of ________.
A) data management B) data marketing C) data governance D) data accumulation E) data mining
Which of the following is/are correct regarding the valuation of inventory?
a. GAAP require firms to record inventories at acquisition cost b. GAAP does not permit firms to revalue inventories above acquisition cost c. GAAP require firms to write down inventories when their replacement cost, or market value, declines below acquisition cost d. all of the above e. none of the above
Benford's Law:
a. applies to assigned, generated, or naturally-occurring numbers. b. predicts that the first digits of each group of numbers in a set of random numbers will conform to the predicted distribution pattern. c. states that each digit ("1" or "2" or "3") will occur in the first position approximately 10% of the time. d. All of the choices are true regarding Benford's Law.
Acceptance sampling is usually used to control:
A) the number of units of output from one stage of a process that are then sent to the next stage. B) the number of units delivered to the customer. C) the quality of work-in-process inventory. D) incoming lots of purchased products. E) all of the above.