Question 1

_______ require judges to follow decisions of superior or previous courts.

Accepted Answer

A)  Legal precedents 
B)  common law 
C)  judicial consent 
D)  judicial review 
E)  adjudications 
A)  Legal precedents 
B)  common law 
C)  judicial consent 
D)  judicial review 
E)  adjudications A

Question 2

________occur when one company does not want to be acquired.

Accepted Answer

A)  Acquisition under duress 
B)  Hostile takeovers 
C)  Merger 
D)  Integrated market merger. 
E)  Vertical merger 
A)  Acquisition under duress 
B)  Hostile takeovers 
C)  Merger 
D)  Integrated market merger. 
E)  Vertical merger B

Question 3

The Federal Trade Commission Act prohibits unfair competition and deceptive practices; it created the FTC to help enforce antitrust laws.

Accepted Answer

A) True 
 B)False  True

Question 4

Large companies are required by law to file a Premerger Notification and Report Form with the DOJ and FTC of proposed mergers.

Accepted Answer

A) True 
 B)False

Question 5

A _______ is a combination of a company with another company in an unrelated industry.

Accepted Answer

A)  flat takeover 
B)  hostile takeover 
C)  conglomerate merger 
D)  horizontal merger 
E)  vertical merger 
A)  flat takeover 
B)  hostile takeover 
C)  conglomerate merger 
D)  horizontal merger 
E)  vertical merger

Question 6

Of the three types of mergers, _______ tend to have the least potential for restraint of trade and monopoly because the lines of business are different.

Accepted Answer

A)  hostile takeovers 
B)  backward vertical merger 
C)  forward vertical merger 
D)  conglomerates 
E)  forward vertical merger. 
A)  hostile takeovers 
B)  backward vertical merger 
C)  forward vertical merger 
D)  conglomerates 
E)  forward vertical merger.

Question 7

Which statement about merger investigation guidelines is not correct?

Accepted Answer

A)  The first step is to define the market where the merger is to take place and then the concentration the merged firm will have. 
B)  Competitive effects are investigated to ensure adequate competition will continue and that consumer prices will not increase. 
C)  The investigation includes a determination of the ease of entry into the market to maintain competition. 
D)  Merging partners have to specify efficiency gains and consumer benefits. 
E)  Lastly, The FTC has to approve the merger. 
A)  The first step is to define the market where the merger is to take place and then the concentration the merged firm will have. 
B)  Competitive effects are investigated to ensure adequate competition will continue and that consumer prices will not increase. 
C)  The investigation includes a determination of the ease of entry into the market to maintain competition. 
D)  Merging partners have to specify efficiency gains and consumer benefits. 
E)  Lastly, The FTC has to approve the merger.

Question 8

When a company merges with another company, moving away from the customer, it makes a forward vertical merger.

Accepted Answer

A) True 
 B)False

Question 9

What is the purpose of antitrust laws, and what are three objectives of the laws?

Accepted Answer

The purpose of antitrust laws is to prom

Question 10

Which statements about types of laws, lawsuits, and courts and court functions are correct?

Accepted Answer

A)  The three basic types of laws are legislative, executive, and judicial. 
B)  Civil suits are brought by the state or federal government against a defendant for a crime committed. 
C)  There are three types of courts: federal, state, and local. 
D)  The court has three major functions: law interpretation, litigation determination, and individual protection. 
E)  There are three types of lawsuits: criminal, civil, and public. 
A)  The three basic types of laws are legislative, executive, and judicial. 
B)  Civil suits are brought by the state or federal government against a defendant for a crime committed. 
C)  There are three types of courts: federal, state, and local. 
D)  The court has three major functions: law interpretation, litigation determination, and individual protection. 
E)  There are three types of lawsuits: criminal, civil, and public.

Question 11

_______occurs when a judge determines whether laws are legal under the Constitution or whether officials have exceeded their authority.

Accepted Answer

A)  Constitutional amendment 
B)  Congressional consent 
C)  Judicial appointment 
D)  Litigation determination 
E)  Judicial review 
A)  Constitutional amendment 
B)  Congressional consent 
C)  Judicial appointment 
D)  Litigation determination 
E)  Judicial review

Question 12

The U.S. District Courts are the trial courts of the federal court system.

Accepted Answer

A) True 
 B)False

Question 13

Discuss consequences of mergers and acquisitions (M&As).

Accepted Answer

Mergers and acquisitions (M&As) can have

Question 14

Although both the Department of Justice and the Federal Trade Commission are antitrust enforcement agencies, only the Federal Trade Commission has an antitrust division.

Accepted Answer

A) True 
 B)False

Question 15

What is the first thing the DOJ and FTC do when investigating mergers?

Accepted Answer

When the Department of Justice (DOJ) and

Question 16

Which of the following practices are not technically illegal, but can become illegal when the intent is to restrain trade and create a monopoly?

Accepted Answer

A)  Refusing to deal 
B)  exclusive dealing 
C)  backward marking 
D)  resale price maintenance 
E)  tying contracts 
A)  Refusing to deal 
B)  exclusive dealing 
C)  backward marking 
D)  resale price maintenance 
E)  tying contracts

Question 17

Which of the following is true regarding antitrust in federal court?

Accepted Answer

A)  Court opinions and decisions are unimportant because the law is slow to change. 
B)  The courts determine whether companies are innocent or guilty of antitrust violations and determine fines and damages paid to citizens and companies for their losses, 
C)  The courts do not determine imprisonment nor whether to issue preliminary injunctions. 
D)  Lawsuits must be tried before a jury. 
E)  Lawsuits may be tried before a single judge, a panel of judges, or before a jury. 
A)  Court opinions and decisions are unimportant because the law is slow to change. 
B)  The courts determine whether companies are innocent or guilty of antitrust violations and determine fines and damages paid to citizens and companies for their losses, 
C)  The courts do not determine imprisonment nor whether to issue preliminary injunctions. 
D)  Lawsuits must be tried before a jury. 
E)  Lawsuits may be tried before a single judge, a panel of judges, or before a jury.

Question 18

The _______ includes firms at various stages of a production process, channel, or distribution.

Accepted Answer

A)  supply account 
B)  demand curve 
C)  point of diminishing return 
D)  ladder 
E)  supply chain 
A)  supply account 
B)  demand curve 
C)  point of diminishing return 
D)  ladder 
E)  supply chain

Question 19

What are three types of lawsuits?

Accepted Answer

Three common types of lawsuits are:

1.

Question 20

Which of the following are true regarding antitrust laws?

Accepted Answer

A)  The Sherman Act prohibits unreasonable restraints of trade and monopolization. 
B)  The Merger Improvement Act was passed to strengthen the other antitrust laws by requiring premerger notification and approval, and it allowed states to sue businesses for price-fixing. 
C)  The Clayton Act prohibits anticompetitive mergers, price discrimination, director interlock, and tying contracts. 
D)  The Federal Trade Commission Act protects unfair competition and deceptive practices. 
E)  The Federal Trade Commission Act prohibits unfair competition and deceptive practices, and it created the FTC to help enforce antitrust laws. 
A)  The Sherman Act prohibits unreasonable restraints of trade and monopolization. 
B)  The Merger Improvement Act was passed to strengthen the other antitrust laws by requiring premerger notification and approval, and it allowed states to sue businesses for price-fixing. 
C)  The Clayton Act prohibits anticompetitive mergers, price discrimination, director interlock, and tying contracts. 
D)  The Federal Trade Commission Act protects unfair competition and deceptive practices. 
E)  The Federal Trade Commission Act prohibits unfair competition and deceptive practices, and it created the FTC to help enforce antitrust laws.

_______ require judges to follow decisions of superior or previous courts.

________occur when one company does not want to be acquired.

The Federal Trade Commission Act prohibits unfair competition and deceptive practices; it created the FTC to help enforce antitrust laws.

Large companies are required by law to file a Premerger Notification and Report Form with the DOJ and FTC of proposed mergers.

A _______ is a combination of a company with another company in an unrelated industry.

Of the three types of mergers, _______ tend to have the least potential for restraint of trade and monopoly because the lines of business are different.

Which statement about merger investigation guidelines is not correct?

When a company merges with another company, moving away from the customer, it makes a forward vertical merger.

What is the purpose of antitrust laws, and what are three objectives of the laws?

Which statements about types of laws, lawsuits, and courts and court functions are correct?

_______occurs when a judge determines whether laws are legal under the Constitution or whether officials have exceeded their authority.

The U.S. District Courts are the trial courts of the federal court system.

Discuss consequences of mergers and acquisitions (M&As).

Although both the Department of Justice and the Federal Trade Commission are antitrust enforcement agencies, only the Federal Trade Commission has an antitrust division.

What is the first thing the DOJ and FTC do when investigating mergers?

Which of the following practices are not technically illegal, but can become illegal when the intent is to restrain trade and create a monopoly?

Which of the following is true regarding antitrust in federal court?

The _______ includes firms at various stages of a production process, channel, or distribution.

What are three types of lawsuits?

Which of the following are true regarding antitrust laws?

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Employees, Stockholders and Corporate Governance

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

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Exam 10: Law Interpreting, Antitrust, and Judiciary Strategies International Business, Society and Government

_______ require judges to follow decisions of superior or previous courts.

________occur when one company does not want to be acquired.

The Federal Trade Commission Act prohibits unfair competition and deceptive practices; it created the FTC to help enforce antitrust laws.

Large companies are required by law to file a Premerger Notification and Report Form with the DOJ and FTC of proposed mergers.

A _______ is a combination of a company with another company in an unrelated industry.

Of the three types of mergers, _______ tend to have the least potential for restraint of trade and monopoly because the lines of business are different.

Which statement about merger investigation guidelines is not correct?

When a company merges with another company, moving away from the customer, it makes a forward vertical merger.

What is the purpose of antitrust laws, and what are three objectives of the laws?

Which statements about types of laws, lawsuits, and courts and court functions are correct?

_______occurs when a judge determines whether laws are legal under the Constitution or whether officials have exceeded their authority.

The U.S. District Courts are the trial courts of the federal court system.

Discuss consequences of mergers and acquisitions (M&As).

Although both the Department of Justice and the Federal Trade Commission are antitrust enforcement agencies, only the Federal Trade Commission has an antitrust division.

What is the first thing the DOJ and FTC do when investigating mergers?

Which of the following practices are not technically illegal, but can become illegal when the intent is to restrain trade and create a monopoly?

Which of the following is true regarding antitrust in federal court?

The _______ includes firms at various stages of a production process, channel, or distribution.

What are three types of lawsuits?

Which of the following are true regarding antitrust laws?

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Employees, Stockholders and Corporate Governance

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

Filters