Shelton Engines Has Built a New Model of Engines That

question 13

Multiple Choice

Shelton Engines has built a new model of engines that can withstand more heat than the competing engines in its class. Lokin Inc., a sports car manufacturer, ________ the equipment from Shelton Engines for $1,000,000. Shelton Engines transfers title to the engine to Lokin. Lokin is now the owner of the equipment.

• A) captures
• B) leases
• C) purchases
• D) produces

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Definitions:

Industry

The collection of businesses and factories that produce a particular type of goods or services.

Antitrust Case

A legal proceeding involving the enforcement of laws designed to maintain competition and prevent monopolies within markets.

Federal Government

The national government of a federal country, which holds the authority over matters that affect the country as a whole.

Deregulation

The process of cutting down or abolishing state control in a certain field, often pursued to encourage a higher level of competitive activity within that field.