MicroManage is the fastest growing home-software producer in the country. In 2000, it sold 6% of all home software in the U.S., but in 2011, it sold 55% of all home software. A recent issue of Computer Universe said that MicroManage was "the most dominant and aggressive of all home-software developers." Home software is a small part of the entire software industry. In 2011, MicroManage proposed a
merger with Game Master, its main rival. Game Master was responsible for 10% of all home-software sales in 2010 . MicroManage's president says that the combination of the firms will allow MicroManage to lower costs and pass the savings on to its customers. The Department of Justice filed suit to stop this merger, claiming the combination would give monopoly power to the merged firm. Justice insists that consumers would lose in the end. Assume that a merger does take place. Which legal standard will a court apply that reviews the merger?
a. a rule of reason analysis b. a per se analysis
c. an indirect damages analysis
d. a rule of reason analysis and an indirect damages analysis e. none of the other choices
a
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Under the UPA, after dissolution:
a. the partnership must be liquidated. b. the remaining partners have the right to continue the partnership if the majority of them agree. c. the remaining partners have the right to continue the partnership if the partnership was dissolved in contravention of the partnership agreement. d. the partnership must be liquidated only if the dissolution was caused by the expulsion of a partner in accordance with the partnership agreement.
The tax treatment regarding the sale of existing assets that are sold for their book value results in ________
A) an ordinary tax benefit B) no tax benefit or liability C) recaptured depreciation taxed as ordinary income D) a capital gain tax liability and recaptured depreciation taxed as ordinary income
A consumer stopped by the convenience store to buy a bag of charcoal briquettes. She only needs one bag, but the manufacturer produces millions of bags. For consumers, the convenience store overcomes a discrepancy of dimensions.
Answer the following statement true (T) or false (F)
The "least and latest rule" is:
A. the least competent employees are always the latest to show up for work. B. the latest information technology is the least commonly used in accounting practice. C. that a taxpayer should pay the least tax legally permitted at the latest date allowed. D. an inventory management system similar to LIFO, where the least amount of inventory on hand is from the latest purchases from suppliers.