Which of the following statements is true of the Sherman Act?
A. The Sherman Act applies only to the sale of goods.
B. Price fixing in the service sector is permitted under the Sherman Act.
C. Maximum-price agreements are illegal, while minimum-price agreements are not illegal.
D. The Sherman Act covers services, including those performed by learned professions.
E. An action is not considered to be price fixing if the prices fixed are fair or reasonable.
Answer: D. The Sherman Act covers services, including those performed by learned professions.
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The Mansfield Company manufactures and sells two lines of fishing rods. During the most recent accounting period, the Pro line and the Novice line sold 15,000 and 2,000 units, respectively. The company's most recent financial statements are shown below: Pro NoviceSales$900,000 $240,000 Less cost of goods sold: Unit-level production cost 600,000 135,000 Depreciation, production equipment 125,000 50,000 Gross margin$175,000 $55,000 Less operating expenses: Unit-level selling and administrative costs 40,000 65,000 Corporate-level facility expenses (fixed) 36,000 36,000 Net income (loss)$99,000 $46,000 Based on this information, the company should:
A. It is impossible to determine with the given information. B. Eliminate the Novice line because it is operating at a loss. C. Keep the Novice line because it contributes $55,000 to total profitability. D. Keep the Novice line because it contributes $40,000 to total profitability.
Other comprehensive income includes unrealized gains and losses on available-for-sale securities.
Answer the following statement true (T) or false (F)
Which of the following does NOT belong in the disciplinary model?
A. Discharge B. Negotiation and mediation C. Due process D. Disciplinary interviews
In-store shopping varies a lot from country to country, but online shopping does not.
Answer the following statement true (T) or false (F)