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. Which antitrust statute specifically allows challenges of mergers?
a. Clayton Act b. Sherman Act
c. Federal Trade Commission Act d. Interstate Commerce Act
e. no statute specifically addresses mergers
a
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A deontologist wants to hurry across busy traffic to make a meeting she is late for but doesn’t want to wait for the “walk” signal. In trying to decide if this is acceptable, she wants to know whether or not the possible action is a categorical imperative. What question should she ask herself?
a. “Should I place my own success in my career above the safety of those around me?” b. “Should all people late for important meetings ignore crosswalk signals?” c. “Is the traffic law that dictates one must wait for a crossing signal an ethical or reasonable one?” d. “Would most people sympathize with my decision to rush across before the signal?”
The expense recognition principle, also called the matching principle:
A. Provides guidance on when a company must recognize revenue. B. Prescribes that accounting information is based on actual cost. C. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. D. Prescribes that a company record the expenses it incurred to generate the revenue reported. E. Prescribes that a company report the details behind financial statements that would impact users' decisions.
Which of the following is not a guideline for budget preparation?
A) Revise budget to include planning decisions B) Know the sources of budget information C) Limit the use of a budget to one user group D) Establish the format of the budget