The National Tax Accountants Professional Association (TAPA) has recommended that its members charge a minimum of $25 per hour for completing tax forms. This recommendation is probably:
a. a per se price fixing violation of the Sherman Act.
b. not a violation of the Sherman Act, because it has been made by a professional association.
c. not a violation of the Sherman Act, because a fee is different from a price.
d. subject to the rule of reason.
a
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The excess of the value of a company's inventory stated at FIFO over the value stated at LIFO is called a(n) _________________________
Fill in the blank(s) with correct word
Red's Sport Equipment Inc. and Sienna Athletic Company are the chief competitors in their market. They agree that Red's will operate only north of the Mason-Dixon line and Sienna will operate only south of the same line. Under antitrust law, this is most likely
A. a per se violation. B. a violation only if their competitors make similar deals. C. a violation only if their customers agree to honor the deal. D. not a violation.
Erin has just concluded another case in which she lived up to the slogan posted on billboards all over the city: "The number-one choice for women facing divorce!" She followed textbook negotiation strategies and came fully prepared to the meeting with her client's soon-to-be ex-husband and his lawyer. At the meeting, Erin asked a number of questions, maintained a friendly atmosphere, and presented her client's list of demands. In the end, she got everything she wanted for her client-the house, one of the cars, custody of the children-and did so without acceding to a single one of the opposing side's demands. They finished off with a formalized agreement and then Erin and her client went out to celebrate their victory. However, Erin may have missed one thing, which is that she should have
A. sought to win over the other side, not simply in legal terms but also in personal terms, so as to maintain a friendly atmosphere. B. asked her client if there were any point at which she would rather walk away than give up anything more. C. taken a different tone from the beginning, dispensing with niceties and letting the other side know that she intended to win. D. spent more time researching the husband's net worth to see if she could extract more money for her client. E. let the other side win on some small point, so they would walk away feeling they had won at least something.
Which of the following is not commonly used as a numeraire?
A) Futures contract B) Money market account C) Risky asset D) Zero coupon bond