What Was the Purpose of the Sherman Antitrust Act of 1890

question 49

Multiple Choice

What was the purpose of the Sherman Antitrust Act of 1890?

• A) Force businesses to treat workers more ethically.
• B) Increase competition in the economy.
• C) Reduce foreign competition against American workers.
• D) Reduce the boom-and-bust cycle in the economy.

---

Definitions:

GAAP

Generally Accepted Accounting Principles are a standardized collection of accounting norms, standards, and methods that organizations are required to adhere to when preparing their financial reports.

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.

Unusual Nature

Characteristics or occurrences that are not common or expected in a typical context.

Infrequent Occurrence

Events or transactions that do not happen often and, therefore, are not expected to recur in the foreseeable future.