Which of the Following Is True of the Triple Damages

question 20

Multiple Choice

Which of the following is true of the triple damages awarded the injured parties under the Sherman Act?

• A) It applies only to individuals, and not corporations or larger institutions.
• B) Triple-damage suits cannot impose a fine in excess of any the could be imposed in a criminal proceeding.
• C) It can only compensate the plaintiff for actual injury.
• D) Only injured members of the general public can enforce the law.
• E) Both federal and state governments can file a suit for triple damages.

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Definitions:

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in unit product costs.

Net Operating Income

The profit generated from a company's regular business operations, excluding deductions for interest and taxes.

Variable Costing

A costing method where only variable production costs are assigned to inventory and all fixed overhead costs are expensed in the period they are incurred.

Variable Production Costs

Costs that vary directly with the volume of production, including direct labor and materials.