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- 1, Goods on hand are not subject to taxation. True False 2, The construction industry includes everything from highly-skilled professions such as architects, engineers, and real estate attorneys, to unskilled labor. True False 3, States and municipalities receive much of their revenue through what kind of taxes? developmental international sales intrinsic 4. Which retailer was one of several businesses that capitalized on the expansion of railroads after the Civil War ended in 1865 by developing mail-order catalogues and was once known as the “everything store” prior to Amazon? Sears Target Walmart Harrod’s 5. Amazon is a great example of how a business can expand and grow with the use of what? technology merchandise healthcare red tape 6. What is an example of a product where the demand…Expalinm....How does company law require companies to disclose information about their business transactions to relevant stakeholders, such as shareholders and regulatory authorities?1. What is management contracts. 2. What is franchising. 3. What is direct marketing.
- A monopoly is a firm that is the only seller of a good or service that does not have A) a patent. B) a close complement. C) a barrier to entry. D) a close substitute.Explain the difference between being licensed and being registered. Being licensed means finding a sponsoring broker; being registered means passing the state exam. Being licensed means passing the state licensure exam; being registered means registering your information with the DBPS and showing up as "active" on their website. Being licensed means completing your pre- licensing education; being registered means passing the state exam. Being licensed means passing the state exam and signing up with a broker; being registered means completing your post-licensing educationA few years ago, a prominent pharmaceutical company was accused by the Justice Department of meeting with its competitors and entering into an explicit agreement with these competitors to fix the price of a commonly prescribed drug. (a) What is the difference between horizontal price fixing and vertical price fixing? Was this pharmaceutical company accused of horizontal price fixing or of vertical price fixing? Explain your reasoning. (b) Would the business practice that the pharmaceutical company was accused of be considered per se illegal or would the legality of this practice be judged by the rule-of-reason criterion? If the case had gone to trial, would “plus factors” have been considered to determine the trial’s outcome? Explain your reasoning. (c) Use the course material on the free-market economic system to explain why there are governmental laws against horizontal and vertical price fixing.
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