The Hart-Scott-Rodino Antitrust Improvements Act Requires

question 142

Multiple Choice

The Hart-Scott-Rodino Antitrust Improvements Act requires:

• A) firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least 6 months before a planned merger, if there is more than $50 million involved
• B) firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least one month before a planned merger, if there is less than $50 million involved
• C) firms to notify the Secretary of State at least one month before a planned merger, if there is more than $50 million involved
• D) firms to notify Congress at least one month before a planned merger, if there is more than $50 million involved
• E) none of the other choices are correct

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Definitions:

Cost Centers

Parts of an organization to which costs can be allocated, but which do not directly generate revenues.

Operating Expenses

Costs incurred during the normal functioning of a business, excluding the cost of goods sold.

Support Departments

Units within an organization that provide essential services to other departments or divisions but do not directly produce revenue.

Profit Center

A decentralized unit in which the manager has the responsibility and the authority to make decisions that affect both costs and revenues (and thus profits).