The following data have been provided by Moretta Corporation, a company that produces forklift trucks: Supplies cost is an element of variable manufacturing overhead.The variable overhead efficiency variance for supplies cost is:
In a multi-business company,strategic management encompasses four major tasks at the corporate level: 1.Providing a clear overall vision for the single business units,exercising guidance and control over the individual businesses; 2.Allocating resources to the single business units,thus managing the portfolio in a way that cash flow and risks are balanced,and sustainable long-term growth is achieved; 3.Managing linkages among the business units and exploiting synergies; and 4.Developing central competence and providing services and resources to the business units.
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How do economists view the overall effectiveness of antitrust policy?
Most economists conclude that, overall, U.S. antitrust policy has been moderately effective in achieving its goal of promoting competition and efficiency. Much of the success of antitrust policy arises from its deterrent effect on price-fixing and anticompetitive mergers. Antitrust policy has not been effective at restricting the rise of or breaking up monopolies but has been somewhat effective against abusive monopoly behavior. This effectiveness is diminished by a slow legal process.
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All of the gas stations in Smalltown agree to charge the same price for gas.The owners of the various companies get together every Friday in a coffee shop to decide what the price will be next week.This is:
A) a violation of the Section 1 of the Sherman Act. B) a violation of the McCarran-Ferguson Act. C) a violation of the Robinson-Patman Act. D) not a violation,as long as it benefits consumers.