Explain how price differentials may be justified so that the Robinson-Patman Act is not violated
Price discrimination is forbidden only where such discrimination may substantially lessen competition or tend to create a monopoly. A plaintiff in a Robinson-Patman primary-line injury case must either show that the defendant, with the intent to harm competition, has engaged in predatory pricing or present a detailed market analysis that shows the price discrimination actually harmed competition. To justify price differentials to different customers, a seller may use cost justification or, alternatively, may show that its prices were lowered in a good faith attempt to meet competition. A seller may beat its competitor's price if the seller does not know the competitor's price, cannot reasonably determine the competitor's price, and acts reasonably in setting its own price.
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On June 3, Addison Company purchased merchandise worth $1,600 on credit, terms 2/10, n/30. The amount paid on June 15. What is the required journal entry to record the payment under the periodic inventory system?
A) Accounts Payable 1,568 Purchases Discounts 32Cash 1,600 B) Accounts Payable 1,600 Purchases Discounts 32Cash 1,568 C) Cash 1,600 Accounts Payable 1,600 D) Accounts Payable 1,600 Cash 1,600
Which of the following is TRUE of how employees respond to ethical issues and moral dilemmas?
a. The higher an employee is in the hierarchy, the more morally compromised the employee is likely to be. b. Employees are more likely to report issues of high moral intensity. c. Employees who lack moral courage will report if the right reporting systems are in place. d. The higher an employee is in the hierarchy, the less likely the employee is to report misconduct.
The ability to appear to others as genuine and honest.
A. networking ability B. social astuteness C. interpersonal influence D. apparent sincerity
When using a linear programming model to solve the diet problem, the objective is generally to maximize profit
Indicate whether this statement is true or false.