Antitrust violations - Study guides, Class notes & Summaries

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Section 11 unit 5: Antitrust Violations and Penalties Actual Exam Qs & Ans/ . Terms like: Which of the following describes the price fixing antitrust violation? a. A conspiracy between competitors to set prices b. A conspiracy between consumers to not pay above a certain price c. An agreement between a business and consumer to purchase at a specific price - Answer: a. A conspiracy between competitors to set prices Yankee Group and Met Realty both charge 5% commissions. a. price fixing...

Section 11 unit 5: Antitrust Violations and Penalties Actual Exam Qs & Ans/ . Terms like: Which of these is an example of group boycotting? a. licensees don’t socialize with one another b. Two or more licensees or brokerages refuse to cooperate and split commissions with another licensee or brokerage. c. all licensees agree to follow the law d. A full-service brokerage cooperates with a limited-service brokerage firm. - Answer: b. Two or more licensees or brokerages refuse to coopera...

Section 11 unit 5: Antitrust Violations and Penalties Actual Exam Qs & Ans/ . Terms like: Which of the following statements could indicate a price fixing violation? a. "I base my price on my services." b. "My price is non-negotiable." c. "This is the price my brokerage requires me to charge." d. "This is the standard price for a full-service listing." - Answer: d. "This is the standard price for a full-service listing."

What is antitrust law? correct answers a) A field of law used to create efficiency in economic markets How does antitrust create efficiency? correct answers By promoting fair competition in business (1) When there is fair competition in business, prices go down and quality goes up because in order to stay profitable businesses have to have the best products at the lowest process (2) Businesses are also forced to compete with each other to hire the best labor , which drives up wages and bene...

What is antitrust law? correct answers A field of law used to create efficiency in economic markets How does antitrust work correct answers When there is fair competition in business, prices go down and quality goes up because in order to stay profitable businesses have to have the best products at the lowest price Businesses are also forced to compete with each other to hire the best labor, which drives up wages and benefits because workers will join the company that offers the most Busi...

"Operators simply load new programs, as necessary, to produce different products" describes: a. process control. b. flexible manufacturing systems. c. vision systems. d. CAD. e. automated guided vehicles. - ️️b. flexible manufacturing systems. A disadvantage of the "few suppliers" sourcing strategy is: a. the high cost of changing partners. b. the lack of cost savings for customers and suppliers. c. possible violations of the Sherman Antitrust Act. d. the risk...

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved. Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances - -C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. salesperson and the seller B. salesperson and the buyer C. sal...

why should you study antitrust laws? : they apply equally to BOTH small and large businesses; the violations of antitrust laws are serious and include major fines, loss of jobs, and even imprisonment trust : legal arrangement in which a fiduciary holds legal title to property for benefit of another how can corporations come together to manipulate a trust? : in the same type of business, they can unite to eliminate competition among themselves; they could potentially destroy the free m...

adverse possession - the transfer of title when a person develops legitimate ownership interests in another person's property through an openly hostile and continuous occupation of the land -when a property owner "sleeps on his rights" 2 closing processes - 1. the closing of the loan between the buyer and the lender 2. the closing on the property (execution of the sales contract) abstract of title - complete history of all recorded events affecting title to the property acceleration cla...