Both per se and rule of reason violations of the Sherman Act are automatically illegal
Indicate whether the statement is true or false
False
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Which of the following budgets should be prepared before the others listed?
A) Cost of goods manufactured budget B) Cash budget C) Production budget D) Overhead budget
Variations that follow a pattern are called ______.
a. cyclic variations b. random variations c. predictable variations d. irregular variations
A company looking for venture capitalist funding is deciding on the design of its operating system (OS) for its new phone. The first option is to simply buy the OS from another company
This would result in sales of either 10,000 units if the market is not crowded with similar phones, or sales of only 3,000 units if the market is crowded. If the company decides to design its own OS, the phone would have sales of 70,000 units if the OS was popular, but sales of only 2,000 if the OS was a failure. Suppose that to recoup the cost of designing their own OS the company would need to sell twice as many phones as when they simply buy the OS for the profit from the scenarios to be equal. Which option should the company choose if the probability that the market is crowded is 50% and the probability that the OS is popular is 75%?
In the Ed Nowogroski Insurance, Inc v. Rucker case, the court found that:
a. all former employees have an obligation to refrain from using the general knowledge, skills, and experience acquired under the former employer. b. customer lists are always protected as trade secrets. c. where a former employee seeks to use trade secrets of the former employer to obtain a competitive advantage, the competitive activity can be enjoined. d. the Uniform Trade Secrets Act distinguishes between written and memorized information in determining whether the information is entitled to trade secret protection.