You own a hair salon in a college town. Because there is competition for customers, the salons have been in a price war. You invite all salon owners to your home. They decide that the price war is hurting everyone and agree to charge standard rates for hairstyling. This arrangement is:
a. legal because it was a voluntary arrangement
b. legal because the price of styling hair is too low to be subject to the antitrust laws c. legal because it does not hurt competition
d. legal under the rule of reason because the alternative, fewer salons, would mean less competition e. illegal
e
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Standard costs are based solely on expected future costs and conditions
Indicate whether the statement is true or false
How are a company's organizational capabilities developed and enabled?
A. by urging company personnel to search outside the company for work practices and operating approaches that may be an improvement over what the company is presently doing B. by strengthening the traditions that company executives are committed to maintaining C. by shifting from decentralized to centralized decision-making D. through deployment of a company's resources or some combination of its resources E. by talking openly about the problems of the present company and determining how new behaviors will improve performance
Suppose that the manager of a company has estimated the probability of a super-event sometime during the next five years that will disrupt all suppliers as 0.23%
In addition, the firm currently uses three suppliers for its main component, and the manager estimates the probability of a unique-event that would disrupt one of them sometime during the next five years to be 1.4%. What is the probability that all three suppliers will be disrupted at the same time at some point during the next five years? A) 4.4203% B) 0.2300% C) 4.4300% D) 0.2297% E) 0.2303%
Zero, Inc. agreed to build Millie a storage building for $8,000. After beginning the project, Zero realized that it could not complete the job and make a profit. Zero demanded $9,500 to complete the building. Millie agreed to pay the $9,500. When the project was complete, Millie tendered $8,000 to Zero for the job. If Zero sues Millie for the remaining $1,500,
A. Zero will win because there was consideration for the additional $1,500. B. Zero will win because Millie had a preexisting duty to pay any additional amounts. C. Zero will lose because there was no legal consideration to support the additional $1,500. D. Zero will lose because the UCC does not require consideration to modify an existing contract.