The Average Number of Student Credit Hours Taught Per Faculty

question 20

Multiple Choice

The average number of student credit hours taught per faculty member is an example of

• A)an expected performance measure.
• B)a budgeted productivity measure.
• C)a standard productivity measure.
• D)a partial productivity measure.
• E)a total factor productivity measure.

Understand the consequences of illegal corporate practices, including false advertising and market manipulation.

Examine the role of antitrust enforcement in a global context, including the effect of international bodies.

Identify factors leading to industry consolidation and their impacts on competition and innovation.

Understand the historical development and key acts regarding antitrust laws in the United States.

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Definitions:

Interlocking Directorates

The practice of having the same individuals serve on the boards of directors of multiple companies, potentially reducing competition.

Clayton Act

A United States antitrust law enacted in 1914, aimed at preventing anticompetitive practices in their incipiency.

Federal Trade Commission Act

The federal law of 1914 that established the Federal Trade Commission.

Alcoa Case

A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.