Universal Time,or UT,is

question 103

Multiple Choice

Universal time,or UT,is

• A)another name for standard time.
• B)the mean solar time in Greenwich,England.
• C)the apparent solar time in Greenwich,England.
• D)a timekeeping system based on careful observations of positions of stars throughout the universe.

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Definitions:

Illegal Per Se

Refers to actions or conditions that are inherently illegal, without the need for additional proof of their harmfulness or illegality.

Market Allocations

Agreements between competitors to divide markets among themselves, often considered illegal under antitrust laws.

Sherman Act

The Sherman Act is landmark federal legislation passed in 1890 aimed at promoting fair competition for the benefit of consumers by prohibiting monopolies and restrictive trade practices.

Franchise

A type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor's) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.