During the 1950's, General Motors (GM) was responsible for about 60 percent of all passenger cars produced in the United States. Some criticized GM for
a. encouraging too much market competition.
b. failing to use economies of scale in individual plants.
c. acquiring monopoly power over the auto market.
d. failing to sufficiently dominate the auto market.
c. acquiring monopoly power over the auto market.
You might also like to view...
Windsor Enterprises, a subsidiary of Kennedy Company based in New York, reported the following information at the end of its first year of operations (all in British pounds): assets--338,000; expenses--360,000; liabilities--101,000; capital stock--80;000, revenues--517,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $2.05 Average rate for the
year ............................. 1.84 At year end ........................................... 1.80 As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment? a. $26,280 debit adjustment b. $26,280 credit adjustment c. $6,280 credit adjustment d. $6,280 debit adjustment
Marketing is crucial to capital budgeting success because the goal of a good capital budgeting
project is to maximize the company's sales. Indicate whether the statement is true or false
If the arrival rate is 12 cars per hour, and the number of cars serviced in 1 hour is 15, then the service time per car is ______.
a. 4 minutes b. 5 minutes c. 20 minutes d. 3 minutes
A security whose value is based solely on the value of other assets is called a ________ security
A) capital option B) hedging C) derivative D) alternative asset E) none of the above