When working with international firms, u.s. businesses: select one:

The Robinson-Patman Act of 1936 Group of answer choices made conspiracy in the restraint of trade illegal. made price discrimina

kvv77 [185]

Answer:

The correct option is: attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores

Explanation:

The Robinson-Patman Act. was an amendment to Clayton aniti-trust Act,it was enacted to address the issue of price discrimination.

The Act provided that businesses should charge the same prices to consumers not minding who the buyers are,hence the practice of higher bargaining power of large retail stores using their buying strength to buy in large quantity at lower price was nipped in the bud.

Previously,these large retail stores were able to buy at cheaper prices compared to smallholder retailers and were able to sell at cheaper prices too,thereby driving the retailers out of business.

6 0

4 years ago

Specialization of labor

mestny [16]

Answer:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another

Explanation:

3 0

3 years ago

Which of the following is true of currently attainable standards? a.Currently attainable standards can be achieved under efficie

WARRIOR [948]

Answer: a).

Currently attainable standards can be achieved under efficient operating conditions.

Explanation: currently attainable standards are standards which have been found to be achievable considering the current prevailing circumstances,this standards re usually set up for use in the short term it is not expected be achievable during the long term.

Currently achievable standards are always difficult to achieve but if resources are efficiently managed/ used it will be achieved. Currently achievable standards are usually set to evaluate performance especially in cost,time and materials management.

8 0

3 years ago

When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years

EleoNora [17]

Answer:

b. Jan earned a higher real salary.

Explanation:

The consumer price index rose 12 percent which means that with the same amount of money 5 years later you will be able to buy 12% less goods and services. Now in order to find who earned a higher real salary we will calculate how much higher was Jan's salary compared to SUE. If the difference in salary was more than 12% than Jan earned a higher real salary, if less than 12% then Sue earned a higher real salary and if =12% then both earned the same amount of real salary.

Difference in salary = 38,000-30,000=8,000

Percentage increase in salary = 8,000/30,000=0.266 =26.6%

Jan earned 26.6% more than Sue and the increase in the price index was 12% which means that Jan earned a higher real salary than Sue.

6 0

4 years ago

Auditory Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

Molodets [167]

Answer:

Fixed overhead variance= $18,000 favorable

Explanation:

Giving the following information:

Actual units produced: 12,000

Actual fixed overhead incurred: $750,000

Standard fixed overhead rate: $16 per hour

Budgeted fixed overhead: $740,000

Planned level of machine-hour activity: 45,000

Auditory estimates four hours to manufacture a completed unit.

First, we need to calculate the standard fixed costs for the period:

Allocated overhead= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated overhead= 16* (12,000*4)= $768,000

Actual overhead= 750,000

Fixed overhead variance= actual - allocated

Fixed overhead variance= 750,000 - 768,000= $18,000 favorable

8 0

3 years ago