The Sherman Antitrust Act of 1890

question 244

Multiple Choice

The Sherman Antitrust Act of 1890

• A) made illegal every conspiracy in restraint of trade or commerce among the several states.
• B) made tying contracts illegal.
• C) limited mergers that would substantially lessen competition or tend to create a monopoly.
• D) banned price discrimination.

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Definitions:

Direct Labor-Hours

The total hours of work directly contributing to the production of goods or services.

Casting Department

A specific section within a manufacturing or production facility dedicated to the process of casting, where materials are melted and poured into a mold to make a product.

Finishing Department

The final stage in the manufacturing process where products are completed, packaged, or prepared for sale.

Predetermined Overhead Rate

A rate calculated before the period begins, based on the estimated overhead costs and estimated activity base, used to allocate overhead costs to products.