The "Rule of Reason

question 86

Multiple Choice

The "rule of reason"

• A)applies to business practices that are illegal regardless of their economic rationale or their consequences
• B)applies to business practices that are legal, regardless of their consequences
• C)means that business practices cannot be proven to be illegal, and a consent decree is required to halt the practices
• D)considers why a certain business practice was adopted and what the effects on competition are, before determining whether the practice is illegal
• E)focuses on market structure rather than on the behavior of firms in determining whether antitrust violations have occurred

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Definitions:

Human Resource Planning

A process used to determine future human resource requirements and the business processes that will be needed to support and enable those resources by anticipating future business demands, analyzing the impacts of these demands on the organization, determining the current availability of human resources and the applicable business processes, and making decisions on how to effectively adapt and utilize firms’ human resources.

Succession Planning

The process of identifying and preparing suitable employees through development and training to replace key players within an organization as they vacate their positions.

Replacement Planning

A strategic process of identifying and developing potential successors for key positions within an organization to ensure continuity.

Flight Simulators

Training devices that replicate the experience of flying an aircraft, used for pilot education, training, and research.