The 1992 Horizontal Merger Guidelines,as Revised in 1997 and 2010

question 51

Multiple Choice

The 1992 Horizontal Merger Guidelines,as revised in 1997 and 2010:

• A) were issued by the Justice Department to be additional to the FTC's separate guidelines.
• B) require a mechanical application;in order to reduce the previously used analytical framework,which was far too subjective and uncertain.
• C) rejects use of the Herfindahl-Hirschman Index.
• D) deals with mergers of powerful buyers and mergers between competing buyers.

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Definitions:

Annual Accounting Period

A 12-month time span used by businesses for financial reporting and accounting purposes.

Chart of Accounts

A systematic listing of all ledger account names and numbers used by a company, organized by the assets, liabilities, equity, revenue, and expenses.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Debit and Credit

Fundamental concepts in double-entry bookkeeping, where debits are entries on the left side of an account and credits are entries on the right.