Which of the Following Characteristic or Combination of Characteristics Properly

question 87

Multiple Choice

Which of the following characteristic or combination of characteristics properly constitutes a violation of Section 1 of the Sherman Act?

• A) A combination, contract or conspiracy found to be unreasonable in scope.
• B) An unreasonable restraint on trade that affects intrastate commerce and an unreasonable contract.
• C) An unreasonable agreement between two parties from different states or countries affecting commerce between those two states or countries.
• D) A combination, contract or conspiracy, an unreasonable restraint on trade, and a restraint that affects interstate commerce.
• E) A combination, contract or conspiracy and a restraint that affects interstate commerce.

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Definitions:

Receivable

An amount owed to a company by its customers or other parties for goods or services delivered.

SPEs

Special Purpose Entities, legal structures created to fulfill specific objectives, often used in financial transactions to isolate financial risk.

Reporting Entity

An entity or business that is required to prepare financial statements in accordance with regulatory guidelines.

Control

In a business context, control refers to the power to govern the financial and operational policies of an entity so as to obtain benefits from its activities.