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All Business no play

Standing on Business

QuestionAnswer
True or False: Boycott is when competitors disagree to refrain from dealing with certain buyers False
True or False: The market power was gained with no monopoly True
What is a monopoly? A situation in which a single company or group owns all or nearly all of the market for a given type of product/service
What is vertical restraints? restraints through the supply chain
What does the FTC Act stands for? Federal Trade Commission Act
What Act was enacted in 1936? Robinson-Patman Act
What did the Robinson-Patman Act focus on? discrimination in prices charged to competing purchasers for products of like grade and quality.
True or False: The Clayton Act strengthened the Sherman Act? True
True or False: The Sherman Act was passed in 2000 False
When was the Sherman Act passed? 1890
What is an Administrative Agency ? a governmental body charged with administering and implementing legislation.
Does the Administrative Agency has the power to make laws? yes
Are the CPSC,FDA and SEC part of the NFL? NO
In some states can the Administrative Agencies may have jurisdiction over laws affecting business? yes
Created by: user-2034118
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