Question 1

What is the main reason for the practice of resale price maintenance?

Accepted Answer

A)  Resale price maintenance is likely to increase demand for the product. 
B)  Resale price maintenance is an advertising ploy. 
C)  Discounting is perceived as anti-competitive. 
D)  Discounting is perceived as detrimental to the market status of the product. 
A)  Resale price maintenance is likely to increase demand for the product. 
B)  Resale price maintenance is an advertising ploy. 
C)  Discounting is perceived as anti-competitive. 
D)  Discounting is perceived as detrimental to the market status of the product.

Question 2

Which of the following statements accurately describes the function of the Australian Competition Tribunal?

Accepted Answer

A)  Hearing appeals from decisions to grant or revoke authorisations. 
B)  Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
C)  Educating the public and the business community by providing consumer guidance. 
D)  Authorising otherwise prohibited restrictive trade practices. 
A)  Hearing appeals from decisions to grant or revoke authorisations. 
B)  Administering and enforcing the Competition and Consumer Act 2010 (Cth). 
C)  Educating the public and the business community by providing consumer guidance. 
D)  Authorising otherwise prohibited restrictive trade practices.

Question 3

What is the role and function of Australian Competition and Consumer Commission?

Accepted Answer

The role and function of the Australian

Question 4

Increasing the price of petrol during school holidays is often described as predatory pricing.

Accepted Answer

A) True 
 B)False

Question 5

How can the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth) be reconciled with the liberal notion of a free market?

Accepted Answer

The questi

Question 6

Which of the following types of prohibited conduct can NOT be authorised by the ACCC?

Accepted Answer

A)  Mergers. 
B)  Boycotts. 
C)  Exclusive dealings. 
D)  Monopolisation. 
A)  Mergers. 
B)  Boycotts. 
C)  Exclusive dealings. 
D)  Monopolisation.

Question 7

The Competition and Consumer Act 2010 (Cth) prohibits the existence of monopolies.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is an example of a primary boycott in breach of s 45 of the Competition and Consumer Act 2010 (Cth)?

Accepted Answer

A)  The sole manufacturer of a product refuses to sell it other than at an excessively high price. 
B)  A corporation acquires the assets of its only competitor in a market. 
C)  A corporation requires purchasers of its products not to acquire goods from or supply goods to a competitor. 
D)  Two corporations agree to refuse to acquire the goods of a third corporation. 
A)  The sole manufacturer of a product refuses to sell it other than at an excessively high price. 
B)  A corporation acquires the assets of its only competitor in a market. 
C)  A corporation requires purchasers of its products not to acquire goods from or supply goods to a competitor. 
D)  Two corporations agree to refuse to acquire the goods of a third corporation.

Question 9

A voluntary industry code only applies to those who agree to opt in.

Accepted Answer

A) True 
 B)False

Question 10

What is the constitutional basis for the Competition and Consumer Act 2010 (Cth)?

Accepted Answer

The Competition and Consumer Act 2010 (C

Question 11

Corporations that have become merged in contravention of the Act can be separated by forcing the disposal of shares.

Accepted Answer

A) True 
 B)False

Question 12

The Competition and Consumer Act 2010 (Cth) applies to all businesses in Australia as a result of which of the following agreements?

Accepted Answer

A)  The Agreement to Implement the National Competition Policy and Related Reforms. 
B)  The Conduct Code Agreement. 
C)  The Competition Principles Agreement. 
D)  All of the above. 
A)  The Agreement to Implement the National Competition Policy and Related Reforms. 
B)  The Conduct Code Agreement. 
C)  The Competition Principles Agreement. 
D)  All of the above.

Question 13

The concepts of 'market' and 'competition' are essential to the effective operation of the Competition and Consumer Act 2010 (Cth).

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is NOT a remedy for breach of the provisions of a voluntary industry Code of Conduct?

Accepted Answer

A)  Damages. 
B)  A corrective advertising order. 
C)  The granting of an injunction. 
D)  A fine. 
A)  Damages. 
B)  A corrective advertising order. 
C)  The granting of an injunction. 
D)  A fine.

Question 15

Describe how the concepts of market and competition are linked and important in respect to trade in Australia.

Accepted Answer

as: including competition from imported

Question 16

A merger may sometimes be authorised by the ACCC if:

Accepted Answer

A)  The conduct will result in a benefit to the public. 
B)  The public benefit outweighs the reduction in competition. 
C)  The public benefit is outweighed by the reduction in competition. 
D)  The conduct will not result in a benefit to the public. 
A)  The conduct will result in a benefit to the public. 
B)  The public benefit outweighs the reduction in competition. 
C)  The public benefit is outweighed by the reduction in competition. 
D)  The conduct will not result in a benefit to the public.

Question 17

Which of the following bodies is primarily responsible for enforcing the Competition and Consumer Act 2010 (Cth)?

Accepted Answer

A)  The Prices Surveillance Authority. 
B)  The Australian Competition and Consumer Commission. 
C)  The Australian Competition Tribunal. 
D)  The Trade Practices Commission. 
A)  The Prices Surveillance Authority. 
B)  The Australian Competition and Consumer Commission. 
C)  The Australian Competition Tribunal. 
D)  The Trade Practices Commission.

Question 18

'Deeming' means the effect of the conduct is taken to exist without the need to prove it.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is the correct definition of the term: 'resale price maintenance'?

Accepted Answer

A)  The supplier of goods recommends a price at which the retailer may sell their goods or services. 
B)  The retailer of goods tries to impose a minimum price below which they will not purchase the goods from the supplier. 
C)  The supplier of goods tries to impose a minimum price below which their goods or services are not to be sold. 
D)  An agreement between the supplier and retailer that the goods will not be supplied to competitors of the retailer. 
A)  The supplier of goods recommends a price at which the retailer may sell their goods or services. 
B)  The retailer of goods tries to impose a minimum price below which they will not purchase the goods from the supplier. 
C)  The supplier of goods tries to impose a minimum price below which their goods or services are not to be sold. 
D)  An agreement between the supplier and retailer that the goods will not be supplied to competitors of the retailer.

Question 20

An authorisation is a determination that the conduct is not contrary to the Act.

Accepted Answer

A) True 
 B)False

Exam 31: Restrictive trade practices

What is the main reason for the practice of resale price maintenance?

Which of the following statements accurately describes the function of the Australian Competition Tribunal?

What is the role and function of Australian Competition and Consumer Commission?

Increasing the price of petrol during school holidays is often described as predatory pricing.

How can the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth) be reconciled with the liberal notion of a free market?

Which of the following types of prohibited conduct can NOT be authorised by the ACCC?

The Competition and Consumer Act 2010 (Cth) prohibits the existence of monopolies.

Which of the following is an example of a primary boycott in breach of s 45 of the Competition and Consumer Act 2010 (Cth)?

A voluntary industry code only applies to those who agree to opt in.

What is the constitutional basis for the Competition and Consumer Act 2010 (Cth)?

Corporations that have become merged in contravention of the Act can be separated by forcing the disposal of shares.

The Competition and Consumer Act 2010 (Cth) applies to all businesses in Australia as a result of which of the following agreements?

The concepts of 'market' and 'competition' are essential to the effective operation of the Competition and Consumer Act 2010 (Cth).

Which of the following is NOT a remedy for breach of the provisions of a voluntary industry Code of Conduct?

Describe how the concepts of market and competition are linked and important in respect to trade in Australia.

A merger may sometimes be authorised by the ACCC if:

Which of the following bodies is primarily responsible for enforcing the Competition and Consumer Act 2010 (Cth)?

'Deeming' means the effect of the conduct is taken to exist without the need to prove it.

Which of the following is the correct definition of the term: 'resale price maintenance'?

An authorisation is a determination that the conduct is not contrary to the Act.

Legal Foundations

Origins of Australian Law

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: The Law of Torts and Negligence

Applications of Negligence to Business

Introduction to Contracts

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties, Discharge and Remedies

Remedies in Contract

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Agency

Introduction to Companies and Incorporated Associations

Partnerships

Choosing a Business Entity

Other Business-Related Torts

Insurance

Sale of Goods

Electronic commerce

Property and mortgages

Intellectual propert

Ethics and business practice

Criminal law in a business context

Negotiable instruments

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

Consumer Credit and Privacy

Ethics and Regulations in Marketing and Advertising

Filters