The Antitrust Division of the Justice Department

question 114

Multiple Choice

The Antitrust Division of the Justice Department

• A) is composed of five members appointed by the president and confirmed by the Senate for terms of 7 years.
• B) can issue cease‐and‐desist orders to offenders.
• C) has established a set of trade regulations that make clear what practices it deems unfair and subject to action.
• D) initiates action against those who violate antitrust laws and decides which cases to prosecute.

---

Definitions:

Machine-Hours

The total operational hours recorded for all machines within a production process, serving as a basis for calculating machine-related costs and efficiencies.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries for management.

Direct Labor-Hours

Direct labor-hours are the total hours worked by employees directly involved in manufacturing a product or delivering a service.

Standard

A benchmark or a set level of performance or achievement that is established for a process or product.