Scenario 3.1 Use the Following to Answer the Questions

question 28

Multiple Choice

Scenario 3.1
Use the following to answer the questions.
Meyers' Sporting Goods,a national chain,has been doing business with Soljur Sports,a manufacturer of skateboards,for several years.Recently,it came to the attention of Meyers' financial director that the average cost per Soljur Sports skateboard had substantially increased over that of the previous year.The financial director asked the marketing department if they knew what the Soljur skateboards cost at competing sporting goods stores,to see if they too were likely hit with a higher cost.
The marketing department found that the Soljur skateboards were priced at $15 less in the competing store than at Meyers.The financial director found that Soljur Sports was selling a similar number of skateboards to one of Meyers' competitors for $10 less per skateboard.The attorney for Meyers' Sporting Goods immediately filed a complaint with the Federal Trade Commission.
-Refer to Scenario 3.1.Suppose that the Soljur Sports company was actually discriminating against Meyer Sporting Goods with its price increase.Which of the following acts prohibits this type of business behavior?

• A)Sherman
• B)Wheeler-Lee
• C)Robinson-Patman
• D)Celler-Kefauver
• E)Consumer Goods Pricing

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Definitions:

Management Process

A series of actions and procedures undertaken by managers to plan, organize, lead, and control business operations.

Controlling

The management function that involves monitoring and evaluating performance to ensure that organizational objectives are being achieved.

Operating Results

The outcome of a company's primary business activities, indicating its operating income or loss over a specific accounting period.

Accountant Salaries

The earnings paid to accountants, reflecting their roles in preparing and examining financial records, ensuring accuracy, and assessing financial operations.