Jay Farnswood is the president of a local group of real estate agents. At their monthly luncheon meeting, Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted, "I don't know what the rest of you are going to do, but I am going to charge 6 percent commission on all my listings starting today." Farnswood's statements:
A)
constitute price fixing.
B) only reflect his intentions; there is no agreement to fix prices.
C) constitute an attempt to monopolize.
D) None of the above
A
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Which of the following statements is true regarding job satisfaction?
A. It is unrelated to job performance. B. It remains constant over time. C. It is independent of objective job appraisals. D. It has both rational and emotional components. E. It is not measurable.
Which of the following would NOT be included in calculating inventory carrying costs?
A) capital costs B) obsolescence costs C) ordering costs D) all of the above E) none of the above
The Star General Partnership had assets worth $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $3,000 into the capital pool at the inception of the business. Gene later loaned the business $5,000. They owe $23,000 to creditors. What will Gene get in distribution, assuming there is no agreement on the distribution of profits?
A) $5,000 B) $11,000 C) $8,000 D) $7,000
On what grounds, if any, can the CFTC be criticized for aiding and abetting the MGRM disaster?
What will be an ideal response?