Four major insurance brokers agreed that when it came time for renewals of coverage with major customers that only one of them would submit a reasonable bid. The three others would submit a much higher price and thereby not be in the running for the renewal. The agreements of the insurance brokers:
A) save time and money and are not anticompetitive
B) are an example of vertical trade restraint.
C) are an example of horizontal trade restraint.
D) are an example of tying.
C
You might also like to view...
Which assertions may be tested for the "transactions and events" category of management assertions?
A. Existence, rights and obligations, accuracy, authorization, and completeness. B. Occurrence, completeness, rights and obligations, accuracy, cutoff, and classification. C. Existence, completeness, rights and obligations, accuracy, cutoff, classification, and presentation. D. Occurrence, completeness, authorization, accuracy, cutoff, classification, and presentation.
Prime costs are comprised of:
A. direct materials and direct labor. B. direct materials and indirect materials. C. direct materials and manufacturing overhead. D. direct materials, direct labor, and manufacturing overhead. E. direct labor and manufacturing overhead.
Answer the following statement(s) true (T) or false (F)
1. Different components of an organization can be loosely coupled and others tightly coupled. 2. An organization can easily change from a tightly coupled series of groups to a loosely coupled one. 3. The organization must have an incorporated conflict resolution culture in order to undergo change. 4. Network without hierarchy is the best way to effectuate cultural change and overcome resistance. 5. Deep hierarchy is another term to describe a tightly coupled system organization.
For which of these situations is life insurance a good idea?
A) Married with children B) Married, single-income couple with no children C) Single with no dependents D) Only A and B E) All of the above