Anon Corporation Is a Manufacturer of Widgets

question 98

Multiple Choice

Anon Corporation is a manufacturer of Widgets. Faced with increasing input material costs, the company is contemplating a price increase in the range of 15-20 percent. There are significant disagreements among senior personnel in the company about this move. Assuming other factors remain constant, Anon would have the most power to raise prices if Widgets were which of the following?

• A) Life-saving drugs
• B) Automobiles
• C) Beverages
• D) Toys
• E) Jewellery

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Definitions:

Unanimous Opinion

A judicial decision in a court case where all the judges or justices agree on the outcome and rationale of the decision.

Dicta

Latin term referring to nonbinding, nonprecedential judicial statements that are not directly related to the facts or issues presented in the case and thus are not essential to the holding.

Appellate Court

A court that reviews the decisions of lower courts to ensure the law was applied correctly.

Interpretation

The act of determining the meaning or significance of legal texts, statutes, or regulations, often involving analysis by a court or legal authority.