Antitrust Laws Differ Among Countries,and Complying with Them Is Often

question 142

Multiple Choice

Antitrust laws differ among countries,and complying with them is often difficult for the firm,so

• A) international firms have had to increase their legal staffs to ensure compliance.
• B) the U.S. government is pushing for a world organization to clear antitrust issues.
• C) firms have moved toward fewer mergers and more regionalized organizations.
• D) firms expect to be in antitrust litigation and act accordingly.

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Definitions:

General Rule

A principle or guideline that applies broadly or is commonly accepted as a basis for decision-making.

Implied Authority

The power assumed to be held by an agent as it is necessary to carry out his or her express authority.

Apparent Authority

The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.

Warranties

Legally binding guarantees provided by a seller to a buyer, assuring that a product or service meets certain quality and performance standards.