All of the following are part of facilities, EXCEPT ______.
a. buildings
b. products
c. machines
d. furniture
b. products
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In Texaco Inc. v. Dagher et al., two oil refiners and gas suppliers, Texaco and Shell Oil, entered into a joint venture called Equilon to consolidate their operations in the western United States. Historically, Texaco and Shell were competitors, but for their joint venture they shared expenses and profits equally. The products produced by Equilon were sold under the brand names Texaco and Shell at a mutually agreed-upon price. Texaco and Shell retailers brought a class action lawsuit against the two companies, claiming there was a per se violation of the Sherman Antitrust Act because of the lack of price competition. The court held that
A. there was a per se violation because oil companies are automatically held to this standard. B. there was a per se violation because the joint venture was plainly anticompetitive. C. the rule of reason standard should apply because it is a joint venture and not a meeting of the minds. D. the rule of reason standard should apply because a market analysis was relevant.
SEM has the following characteristics:
A) representation of constructs as unobservable or latent factors in dependence relationships. B) estimation of multiple and interrelated dependence relationships incorporated in an integrated model. C) incorporation of measurement error in an explicit manner. D) explanation of covariance among the observed variables. E) All of the above
A form of business entity owned by one person is called a(n) ________.
Fill in the blank(s) with the appropriate word(s).
In vertical analysis of the income statement, net sales are represented by 100 percent
Indicate whether the statement is true or false