Quiz_ Chapter 8 & 9 Quiz

Quiz_ Chapter 8 & 9 Quiz - Quiz: Chapter 8 & 9...

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Submitted by cmd5150 on 4/9/2010 6:43:18 PM Points Awarded 9 Points Missed 1 Percentage 90% 1. Although associated with a number of factors, the learning curve normally is most closely identified with the analysis of: A. overhead costs. B. direct labor costs. C. direct material costs. D. tooling costs. E. profit rates. Points Earned: 1/1 Correct Answer: B Your Response: B 2. The Sherman Antitrust Act requires that a supplier: A. must sell the same item, in the same quantity, to all customers at the same price. B. use standard grade descriptions in advertising products. C. not talk with competitors about price. D. must adjust price so that profit is not over a specific percent of direct and indirect costs. E. meet competition, by adjusting price. Points Earned: 1/1 Correct Answer: C Your Response: C 3. The Robinson-Patman Act basically requires that suppliers: A. meet competition, by adjusting price. B. must sell the same item, in the same quantity, to all customers at the same price. C. not talk with competitors about price. D. cannot meet to set the terms and conditions under which they will sell. E.
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Quiz_ Chapter 8 & 9 Quiz - Quiz: Chapter 8 & 9...

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