You have a book publishing company. You own a paper mill, a printing operation, and a bindery. Within your firm you produce the paper for your books, print the manuscripts, bind the finished product, edit the authors' work, and sell the books. You refuse to deal with any companies that could supply you these services. What problem(s) do you most likely have with the antitrust laws? You face:
a. treble damages claims under the Sherman Act for horizontally restraining trade b. no antitrust problems because you are a single company
c. possible criminal penalties under the Clayton Act for conspiring to dominate a market d. only minor problems because your operations are relatively small
e. none of the other choices
b
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A local appliance store is advertising the sale of a 27-inch color TV for only $199. The ad states that this price will apply only to TVs that are in stock and no rain checks will be given
Fifteen minutes after the store opens on the day of the sale of the TV, a customer is told by a sales clerk that all of the TVs selling for $199 have been sold. However, the sales clerk is very happy to show the customer a similar TV for only $399. What pricing strategy is the store implementing and why?
Zach is part of a team that does not have a designated manager; the team plans, organizes, leads, and controls to achieve its goal. Zach’s team members commonly elect their own members and evaluate each other. On what type of team is Zach most likely working?
a. independent b. self-managed c. integrated d. workgroup
Maria, David, and Sylvia are concerned that their company will not survive the current recession. As experienced ________ managers, they are working collaboratively to develop new business strategies and work processes to effectively and efficiently support the company so that it can survive the current economic downturn and thrive in the coming years. Their employees are depending upon them to provide overall management of the company.
A. top-level B. knowledge C. frontline D. matrix E. tactical
Curtis Company had the following transactions for the month of January: 
Assume that Curtis uses the perpetual inventory method and that all transactions were for cash. Required: a) Determine the inventory balance and the cost of goods sold after each transaction.b) Prepare journal entries for the above transactions using the FIFO cost flow method. c) Determine the amount of ending inventory using the FIFO cost flow method.
What will be an ideal response?