Which of the Following Refers to Identical Actions That Are

question 97

Multiple Choice

Which of the following refers to identical actions that are taken independently but nearly simultaneously by two or more leading companies in an industry?

• A) conscious parallelism
• B) collusion
• C) restraint of trade
• D) conspiracy

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Definitions:

Peer Review Technique

A method used to evaluate work or performance by one's equals (peers) to ensure quality, accuracy, or compliance with standards.

Hot-Stove Rule

A management principle suggesting that discipline should be immediate, clear, consistent, and impartial, similar to touching a hot stove.

Discipline Principle

A concept in management that emphasizes the importance of enforcing rules and maintaining order within an organization.

Alternative Hypotheses

Hypotheses that suggest there is a statistically significant difference between groups or variables, as opposed to the null hypothesis.