ETH_321T: Ethical And Legal Topics In Business
Wk 5 Summative Assessment: Risk Management Test
' Identify the trade-restraining practice that this example demonstrates.
Two retailers decide that they will both sell no more than 100 premium TVs per month in order to maintain the quality image of the TVs.
( Controlling output J
Illegal boycott
Division of markets
Price fixing
No illegal practice
FEEDBACK
6/6 (100.0%) \/
. Identify the trade-restraining practice that this example demonstrates.
The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer.
Division of markets
( lllegal boycott
)
Controlling output
No illegal practice
Price fixing
FEEDBACK
6/6 (100.0%) v
- Blinkorp is selling toys to retailers across the nation. Depending on the season, the company may make its toys with either higher-cost domestic plastics or lower-cost foreign plastics. The retailers who purchase from Blinkorp complain about the different prices
caused by the differently-priced materials. Which of the following is true?
Blinkorp is justified in charging different prices because the toy industry is so flexible and fluid.
Blinkorp is justified in charging different prices because of the differing production costs. )
~
Blinkorp Is engaging in price discrimination against the retailers and must equalize its prices.
Blinkorp Is justified in charging different prices because it needs to meet the price of competition nationwide.
FEEDBACK
6/6 (100.0%) V
For the scenario below, determine the legality of the company’s actions.
Lilcorp manufactures budget speaker systems for Bigcorp. It arranges an agreement wherein Bigcorp may not charge more than $300 for a speaker system.
Strictly illegal
( lllegal. depending on impact
)
Legal
FEEDBACK
0/6 (0.0%) X
See section 8.5, Vertical Restraints of Trade.
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Wk 5 Summative Assessment: Risk Management Test
' Identify the trade-restraining practice that this example demonstrates.
Two retailers decide that they will both sell no more than 100 premium TVs per month in order to maintain the quality image of the TVs.
( Controlling output J
Illegal boycott
Division of markets
Price fixing
No illegal practice
FEEDBACK
6/6 (100.0%) \/
. Identify the trade-restraining practice that this example demonstrates.
The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that supplies to both companies. The CEOs decide that they will no longer work with the unfair pricing of the manufacturer.
Division of markets
( lllegal boycott
)
Controlling output
No illegal practice
Price fixing
FEEDBACK
6/6 (100.0%) v
- Blinkorp is selling toys to retailers across the nation. Depending on the season, the company may make its toys with either higher-cost domestic plastics or lower-cost foreign plastics. The retailers who purchase from Blinkorp complain about the different prices
caused by the differently-priced materials. Which of the following is true?
Blinkorp is justified in charging different prices because the toy industry is so flexible and fluid.
Blinkorp is justified in charging different prices because of the differing production costs. )
~
Blinkorp Is engaging in price discrimination against the retailers and must equalize its prices.
Blinkorp Is justified in charging different prices because it needs to meet the price of competition nationwide.
FEEDBACK
6/6 (100.0%) V
For the scenario below, determine the legality of the company’s actions.
Lilcorp manufactures budget speaker systems for Bigcorp. It arranges an agreement wherein Bigcorp may not charge more than $300 for a speaker system.
Strictly illegal
( lllegal. depending on impact
)
Legal
FEEDBACK
0/6 (0.0%) X
See section 8.5, Vertical Restraints of Trade.
, Pl %000 9/9
AOvaa3dd
jenozuon
C Ty 5poig )
Uorsuap
=
sresouorfuo
A sqpion s b man e e s g oe o st st v e[
lad %0000 9/9
¥ovaa3ad
‘25 1ad oSl 51 S1uL
( Uosear 0 o 341 9P 8l 39 Ko ST )
16831 51 SIyL
Zuoe S{Up J0 0 1 SULNOIO} 3 J0 tPIYA ‘05 Sujop
g 101030 @ Yap JuSW31Se OU s{eus Auediod L PIPUINEUN 13UORS S1e SIOYAWO) 134 SEIIE 1Y SUIARS| YA T3NI3Q SR UIRHIZ) U SIHWOIST AL UED } JUH) 05 SIS UORQUISIP S3f SBURLIE1 1] “AIIGEIYOId S 352U 0 SIUR IO
s ot s s osesops i 3o e 3o [l
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PRVELEEF]
Suny o0
noxoq jefap
ndino Suonuod
Syiewj0 wosNG
( DmeidEBMON +)
“Supaaw uopeRosse 3pex 3¢ saoid Ansnpus 3Ferawe ssnosp g Auedwo pue v Auedwo)
i —————_ °]
Tt (0000 9/9
¥ovaaIa
esswosod
worsuzpa ven
( D)
Tenizon
B waq s sl 3 sknq i i o 410 200 i 28 i o1 e 3 Bimepe e v ()
o (%0000 9/9
PRLELEEE)
0S840 3414 342 J3pun (68311 3G Aew sy
( CZEETE)
25120 105011 51 Sl
e 505 ) 5010 e d 511 58 1 1 5 B a4 s 00 1y ep o o e s > [
(%0000 9/9
PRVELEET)
andino Sujronuo>
aneud ey on
Supy oud
( e o WG )
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