Question 1

List and describe the state court system (in order of hierarchy).

Accepted Answer

The state court system typically consist

Question 2

There are three types of mergers (and acquisitions): horizontal, vertical, and conglomerate.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not the objectives of the antitrust laws?

Accepted Answer

A)  To protect competition. 
B)  To protect consumers. 
C)  To encourage domination of one company over another. 
D)  To protect small business from large businesses. 
E)  To prevent predatory pricing. 
A)  To protect competition. 
B)  To protect consumers. 
C)  To encourage domination of one company over another. 
D)  To protect small business from large businesses. 
E)  To prevent predatory pricing.

Question 4

Past decisions of courts are referred to as ________.

Accepted Answer

A)  consent decrees 
B)  legal precedent 
C)  adjudications 
D)  common law 
E)  litigation determinations 
A)  consent decrees 
B)  legal precedent 
C)  adjudications 
D)  common law 
E)  litigation determinations

Question 5

Which of the following are true about acquisitions and mergers?

Accepted Answer

A)  Acquisitions and mergers are similar in that they both occur when two companies combine. 
B)  The primary difference between an acquisition and a merger is based on its organizational structures. 
C)  Acquisitions commonly occur when a larger company buys a smaller firm. 
D)  Mergers usually occur between two companies that are relatively equal in size. 
E)  After a merger, the merged company cannot create a new company stock nor issue shares. 
A)  Acquisitions and mergers are similar in that they both occur when two companies combine. 
B)  The primary difference between an acquisition and a merger is based on its organizational structures. 
C)  Acquisitions commonly occur when a larger company buys a smaller firm. 
D)  Mergers usually occur between two companies that are relatively equal in size. 
E)  After a merger, the merged company cannot create a new company stock nor issue shares.

Question 6

Which statement about antitrust enforcement is not correct?

Accepted Answer

A)  The Department of Justice (DOJ) and Federal Trade Commission (FT
C)  investigate allegations of antitrust violations, make settlements, and bring lawsuits against business. 
B)  Very few lawsuits are brought to court by private citizens or companies who believe they were hurt by antitrust practices, seeking compensation for damages. 
C)  The DOJ and FTC also provide guidelines and advisory opinions, especially in merger investigations, which they can prevent by filing a preliminary injunction. 
D)  State attorneys general also investigate antitrust violations and file lawsuits against businesses, sometimes in cooperation with the DOJ and FTC. 
E)  The federal courts determine the outcomes of litigation, interpret the law, set precedents, and approve consent decrees. 
A)  The Department of Justice (DOJ) and Federal Trade Commission (FT
C)  investigate allegations of antitrust violations, make settlements, and bring lawsuits against business. 
B)  Very few lawsuits are brought to court by private citizens or companies who believe they were hurt by antitrust practices, seeking compensation for damages. 
C)  The DOJ and FTC also provide guidelines and advisory opinions, especially in merger investigations, which they can prevent by filing a preliminary injunction. 
D)  State attorneys general also investigate antitrust violations and file lawsuits against businesses, sometimes in cooperation with the DOJ and FTC. 
E)  The federal courts determine the outcomes of litigation, interpret the law, set precedents, and approve consent decrees.

Question 7

The Supreme Court can overturn statutes passed by Congress.

Accepted Answer

A) True 
 B)False

Question 8

_______ lawsuits are cases brought by a plaintiff against the government for failure to act in accordance with its statutory obligations.

Accepted Answer

A)  Private 
B)  Public 
C)  Judicial 
D)  Civil 
E)  Criminal 
A)  Private 
B)  Public 
C)  Judicial 
D)  Civil 
E)  Criminal

Question 9

Antitrust laws are only at the federal level; states cannot have their own antitrust laws.

Accepted Answer

A) True 
 B)False

Question 10

Antitrust investigations closely examine competitive effects to ensure that adequate competition will continue.

Accepted Answer

A) True 
 B)False

Question 11

Exclusive territory occurs when a producer allows only one distributor to sell in an area.

Accepted Answer

A) True 
 B)False

Question 12

Some practices are not technically illegal, but they can become illegal when the intent is to restrain trade and create a monopoly. Therefore, these practices are subject to antitrust scrutiny. Discuss five of these practices.

Accepted Answer

1. Price Fixing: When competitors agree

Question 13

The ________ Act prohibits anticompetitive mergers, price discrimination, director interlock, and tying contracts.

Accepted Answer

A)  Clayton 
B)  Sherman 
C)  Federal Grace Commission 
D)  Gramm-Rudman 
E)  Roosevelt-Taft 
A)  Clayton 
B)  Sherman 
C)  Federal Grace Commission 
D)  Gramm-Rudman 
E)  Roosevelt-Taft

Question 14

The Sherman Antitrust Act requires premerger notification and approval, and it allows states to sue businesses for price-fixing.

Accepted Answer

A) True 
 B)False

Question 15

Which statements about mergers are true?

Accepted Answer

A)  Horizontal mergers combine two companies in the same industry, which are commonly direct competitors. 
B)  Vertical mergers combine two companies at different stages of the supply chain between raw materials to delivery to consumers. 
C)  A merger moving away from the consumer is a forward vertical merger, and moving closer to the customer is a backward vertical merger. 
D)  Conglomerate mergers combine a company with a firm in an unrelated industry. 
E)  AT&T combined with T-Mobile to form the largest communications company in the U.S. 
A)  Horizontal mergers combine two companies in the same industry, which are commonly direct competitors. 
B)  Vertical mergers combine two companies at different stages of the supply chain between raw materials to delivery to consumers. 
C)  A merger moving away from the consumer is a forward vertical merger, and moving closer to the customer is a backward vertical merger. 
D)  Conglomerate mergers combine a company with a firm in an unrelated industry. 
E)  AT&T combined with T-Mobile to form the largest communications company in the U.S.

List and describe the state court system (in order of hierarchy).

There are three types of mergers (and acquisitions): horizontal, vertical, and conglomerate.

Which of the following is not the objectives of the antitrust laws?

Past decisions of courts are referred to as ________.

Which of the following are true about acquisitions and mergers?

Which statement about antitrust enforcement is not correct?

The Supreme Court can overturn statutes passed by Congress.

_______ lawsuits are cases brought by a plaintiff against the government for failure to act in accordance with its statutory obligations.

Antitrust laws are only at the federal level; states cannot have their own antitrust laws.

Antitrust investigations closely examine competitive effects to ensure that adequate competition will continue.

Exclusive territory occurs when a producer allows only one distributor to sell in an area.

Some practices are not technically illegal, but they can become illegal when the intent is to restrain trade and create a monopoly. Therefore, these practices are subject to antitrust scrutiny. Discuss five of these practices.

The ________ Act prohibits anticompetitive mergers, price discrimination, director interlock, and tying contracts.

The Sherman Antitrust Act requires premerger notification and approval, and it allows states to sue businesses for price-fixing.

Which statements about mergers are true?

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

List and describe the state court system (in order of hierarchy).

There are three types of mergers (and acquisitions): horizontal, vertical, and conglomerate.

Which of the following is not the objectives of the antitrust laws?

Past decisions of courts are referred to as ________.

Which of the following are true about acquisitions and mergers?

Which statement about antitrust enforcement is not correct?

The Supreme Court can overturn statutes passed by Congress.

_______ lawsuits are cases brought by a plaintiff against the government for failure to act in accordance with its statutory obligations.

Antitrust laws are only at the federal level; states cannot have their own antitrust laws.

Antitrust investigations closely examine competitive effects to ensure that adequate competition will continue.

Exclusive territory occurs when a producer allows only one distributor to sell in an area.

Some practices are not technically illegal, but they can become illegal when the intent is to restrain trade and create a monopoly. Therefore, these practices are subject to antitrust scrutiny. Discuss five of these practices.

The ________ Act prohibits anticompetitive mergers, price discrimination, director interlock, and tying contracts.

The Sherman Antitrust Act requires premerger notification and approval, and it allows states to sue businesses for price-fixing.

Which statements about mergers are true?

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