The National Tax Accountants Professional Association (TAPA) has recommended that its members charge a minimum of $25 per hour for completing tax forms. This recommendation is probably:
A) a per se price-fixing violation of the Sherman Act.
B) not a violation of the Sherman Act, because it has been made by a professional association.
C) not a violation of the Sherman Act, because a fee is different from a price.
D) subject to the rule of reason.
A
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Answer the following statements true (T) or false (F)
1.Although an import tariff provides the domestic government additional tax revenue, it benefits domestic consumers at the expense of domestic producers. 2.An import tariff reduces the welfare of a "small" country by an amount equal to the redistribution effect plus the revenue effect. 3.The deadweight losses of an import tariff consist of the protection effect plus the consumption effect. 4.The redistribution effect is the transfer of producer surplus to domestic consumers of the import-competing product. 5.If a country accounts for a negligible portion of international trade in a particular product, its levying an import tariff on that product necessarily increases its overall welfare.
Which of the following represents the correct relationship between budgets and inventories?
a. The direct materials budget includes the budgeted dollar value of the direct materials inventory at the beginning and end of the budget period. b. The direct materials budget includes the budgeted number of units in the direct materials inventory at the beginning and end of the budget period. c. The production budget includes the budgeted number of units in the work in process inventory at the beginning and end of the budget period. d. The direct labor budget includes the budgeted number of units in the work in process inventory at the beginning and end of the budget period.
Mintzberg adopted a _______ view of strategy.
a. Top-down b. Logical incremental c. Bottom-up d. Sideways
The ________ eliminated the requirement for merchants to issue receipts for debit purchases of $15 or less
Fill in the blank(s) with correct word