Recently, Some Executives for Highway Construction Companies Agreed to Stop

question 94

Multiple Choice

Recently, some executives for highway construction companies agreed to stop competing with each other on price and to meet every three months to decide their price for the next quarter. In this situation:

• A) the Sherman Act has been violated.
• B) the Robinson-Patman Act has been violated by price discrimination.
• C) the executives are exercising their right to free trade.
• D) the unfair trade practice acts have been violated.
• E) as long as prices don't increase-the executives have done nothing wrong.

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Definitions:

Task-oriented

A focus on completing specific tasks or objectives, often emphasizing efficiency and productivity.

Leadership Situation

A specific context or scenario in which leadership is exercised, highlighting the importance of adaptability and situational awareness in leadership roles.

Punitive Supervisor

A manager or supervisor who emphasizes punishment as a means of maintaining control and ensuring compliance.

Contingency Approaches

Management theories suggesting that the best management strategy depends on, and is contingent upon, various internal and external situations or variables.