Premium Essay

Assignment the Sherman and Clayton Acts

In: Business and Management

Submitted By eileneleavell
Words 3882
Pages 16
Assignment The Sherman and Clayton Acts

Click Link Below To Buy: http://hwcampus.com/shop/assignment-sherman-clayton-acts/ 1. The Sherman and Clayton Acts
The Clayton Act of 1914 classifies several business practices as illegal, including price discrimination and tying contracts, if they "substantially lessen competition or tend to create a monopoly."
The Clayton Act of 1914 is an example of which of the following? Antitrust laws Price regulations

2. The Clayton and Celler-Kefauver Acts
Which of the following activities are prohibited by the Clayton Act when they lead to less competition? A buyer is forced to buy multiple products from a producer in order to get a desired product. Each of these answers is correct. A director from one business sits on the board of a competing firm. A firm acquires a major percentage of the stocks of a competing firm.

3. The Herfindahl index
Suppose that three firms make up the entire wig manufacturing industry. One has a 40% market share, and the other two have a 30% market share each.
The Herfindahl index of this industry is _________ (a.10,000 b.6,000 c.3,400 d.4,000 e.3,000).
A new firm, Mane Attraction, enters the wig manufacturing industry and immediately captures a 15% share of the market. This would cause the Herfindahl index for the industry to ___________ (a.fall b.rise c.remain the same).
The largest possible value of the Herfindahl index is 10,000 because: An industry with an index higher than 10,000 is automatically regulated by the Justice Department An index of 10,000 corresponds to a monopoly firm with 100% market share An index of 10,000 corresponds to 100 firms with a 1% market share each

4. 90-60-30, Herfindahl, and the FTC
Suppose that in the market for soft drinks, market share is divided among six companies in the following manner:
Firm Market Share
Coca-Cola 90%…...

Similar Documents

Premium Essay

Clayton Alderfer’s Model of Motivation

...Motivation is a psychological feature that arouses a human to act towards a desired goal, controls, and sustains certain goal-directed behaviors. It can be considered a driving force Ask any example of motivation from class.!! (Something that motivated or motivates them) Motivation is the purpose or psychological cause of an action. For example, best employee of the week award for bonus & commission for individual motivation. As for group motivation we have informal group dinners with the staff when the sales of the week crosses the targets.  SLIDE NO 3 BASIS OF THEORY Clayton P. Alderfer in 1969 based the theory on the following point – * Alderfer's ERG Theory condenses and simplifies Maslow's five Hierarchy Of Needs into three categories. * There is a value in categorizing needs and there is a basic distinction between higher order and lower order needs. * Alderfer considered that people could move around the hierarchy meeting their needs Alderfer's ERG theory is a simplified version of Maslow's hierarchy of needs that suggests that all human needs can be accessed and satisfied simultaneously, rather than from the bottom up. Either way, as needs are satisfied, employees are motivated to strive to satisfy a new need. Slide 5 Clayton is a phyco who gave the theory of ERG SLIDE NO 6 – ALDERFER’S ERG THEORY An attempt to simplify Maslow's needs theory was put forward by psychologist Clayton Alderfer with his ERG theory. Both theories see needs as......

Words: 1190 - Pages: 5

Free Essay

Clayton

...A problem and decision analysis of the HBR Clayton Industries, Inc. Case | SALIAN.IN Page 1 of 4 SALIAN.IN Having Solemnly Resolved. • Business ◦ Cases • Governance ◦ Rights & Duties • Hobby ◦ Astronomy • Money ◦ Finance • Self ◦ Personal Productivity A problem and decision analysis of the HBR Clayton Industries, Inc. Case Posted by Pranab Salian on 12/29/11 • Categorized as Cases This case is about the challenges faced by Peter Arnell, who has taken over the Italian subsidiary of Clayton Industries, a sixty-year-old U.S.-based firm in the HVAC industry. The short analysis I present is one of many possible readings of this case, and specifically covers existing problems and potential decision options. The case is available from the Harvard Business Review website. Problem Analysis The key business issue facing Clayton in late 2009 is that its Italian subsidiary, Clayton SpA, has been making heavy operational losses for three years now, to the tune of over $1 million USD a month. While these losses have been exacerbated due to a general global recession which has reduced http://www.salian.in/business/cases/problem-decision-analysis-hbr-clayton-industries-case 8/25/2013 A problem and decision analysis of the HBR Clayton Industries, Inc. Case | SALIAN.IN Page 2 of 4 sales (which are down by 19%), their root cause lies in the fact that since 2001, Simonne Buis had been making organizational changes, and trying to create a more integrated European......

Words: 1343 - Pages: 6

Premium Essay

Clayton Act

...Clayton Anti-trust Law In the late 1800’s there were some big names in the economy. Two of the biggest trusts out there where the Carnegie Steel and John D. Rockefeller’s Standard Oil Company. These two companies and a few others dominated the economy and controlled not only the prices, but the market share for their products. In response, the Sherman Anti-trust Act was passed around 1890 to limit the control. The Sherman Act however, did not cover everything that businesses needed it to cover. In 1914, Woodrow Wilson instructed Congress to pass a new set of antitrust laws called the Clayton Act. (Swenson, 2) The Sherman Act was first passed to ensure that no company “shall monopolize, attempt to monopolize or conspire with another to monopolize interstate or foreign trade or commerce, regardless of the type of business entity” (Abernathy, 4). If a company did violate this act they could face up to three years in jail and up to $350,000 per violation and corporations could be fined up to $10 million per violation (6). Although the Sherman Act provided much advancement in fighting monopolies, there needed to be another act that more specifically and clearly prohibited certain anti-competitive practices. Since the Sherman act needed more clarification, the Clayton Act of 1914 was soon drafted by Henry De Lamar Clayton Jr. Clayton along with many other people though the Sherman Act needed to be strengthened and clarified to work better. When Woodrow Wilson became......

Words: 1431 - Pages: 6

Premium Essay

Sherman Computer Repair

...Running Head: SHERMAN COMPUTER REPAIR NEW DIRECTION Sherman Computer Repair New Direction Kristen Nelson University of Phoenix Sherman Computer Repair New Direction There is one major thing about Sherman Computer Repair Company, they are a small company and they would like to become a larger company that is no longer just a computer repair company. Sherman Computer Repair Company would like to also become a computer assembly company. In order for them to do this they would need to look at creativity and innovation in order to make this happen. “Innovation is the process by which organizations use their resources and competences to develop new or improved goods and services or to develop new production and operating systems so that they can better respond to the needs of their customers (Jones, 2004). In order for a company to have change, innovation is very important for Sherman Computer Repair. This may require the company to restructure their current business and also include new equipment, new technology and new processes from the current way that things are currently done. With doing this, this will help the company come up with new strategies when it comes to their business. The company can look at their strengths and weaknesses and then be able to decide where things need to be changed in order for this restructuring of the organization to happen. This paper will show how these things will happen and how the companies current organizational...

Words: 2632 - Pages: 11

Premium Essay

Sherman Act

...1-Was Continental’s conduct illegal under the Sherman Act? Why or why not?  2-Is predatory pricing a per se violation? (Support your answer). Section 2 of the Sherman Act prohibits monopolizing and I believe Continental’s conduct is illegal under the Sherman Act because ITT is engaged in predatory pricing. ITT Continental lowered the actual cost of the bread to drive a potential competitor Inglis bakery out of the market and the lower prices earned ITT more grocery shelf space. Jennings. Marianne M. Business: Its Legal, Ethical, and Global Environment. 9th Edition. Chapter 16 page 532-533. As per the text (pg 539) price fixing is the following: Any agreement or collaboration among competitors “for the purpose and with the effect of raising, depressing, fixing, pegging, or stabilizing the price of a commodity” is price fixing, is a per se violation of Section1 of the Sherman Act. Horizontal price fixing deals with agreements between and among sellers and competitors to set up prices on certain goods. And vertical price fixing deals with agreements between a manufacturer, distributor, supplier or retailer. Jennings. Marianne M. Business: Its Legal, Ethical, and Global Environment. 9th Edition. Chapter 16 A monopoly is a situation when a company owns all or majority of the market for certain products, goods, or services. This occurs when there is a barrier to entry into the business that lets one company to operate without competition. Microsoft was convicted of......

Words: 286 - Pages: 2

Free Essay

General Sherman

...bloody battle. General Sherman realized that attacking the entrenchments of the enemy was fruitless and killed too many soldiers. He went on a path of flanking maneuvers that helped get around these entrenched soldiers. He followed up this plan by attacking the economy of the South and breaking their resolve. The importance of his new plan can be seen on how his tactics of attacking the land and economy, instead of other human beings, and avoiding head-on confrontation actually saved lives for both the Union and Confederate armies. The march from Atlanta to Savannah has taken on a life of its own for historians today. The campaign’s impact has been over-emphasized by his contemporaries on both sides of the war creating a war hero or war tyrant depending on which side was describing his march. One of the reasons Sherman decided to avoid frontal confrontation with the Confederates was because on June 27, 1864 the opposing army dealt his army a major setback. General Sherman initially embraced the frontal assault that many of the Generals in the Civil War were using, but this turned out to be a bloody mistake for him just as it was for Lee and Grant as they faced off in   2   Virginia. This battle represented the most decisive loss for Sherman in a single battle and is known as the battle of Kennesaw Mountain. This attack on fortified positions already cost enormous losses to both the North and South. General Sherman’s attack was no exception. Sherman faced the......

Words: 14944 - Pages: 60

Premium Essay

Assignment 1 Sarbanes Oxley Act

...fired or put on work suspension. The first case of whistle-blowing occurred nearly 236 years ago. By a unanimous vote, The Continental Congress enacted the first whistleblower protection law in the United States on July 30, 1778. The Continental Congress was moved to act after an incident in 1777, when Richard Marven and Samuel Shaw “blew the whistle” and suffered severe retaliation by Esek Hopkins, the commander-in-chief of the Continental Navy. Congress declared that the United States would defend the two whistleblowers against a libel suit filed against them by Navel Commander Hopkins. The Continental Congress also declared it the duty of all persons in the service of the United States, as well as all others who inhabit the U.S. to inform the Continental Congress or proper authorities of any misconduct, fraud or misdemeanors committed by any officers in the service of these states, which may come to their knowledge. (Lipman, 2012). A publicly traded company that has recently been in the news for Whistle-Blowing is JP Morgan Chase & Co., on March 7, 2014 a New York Federal Court awarded Whistle-Blower and former JP Morgan employee, Keith Edwards $63.9 million for tips leading to a False Claims Act settlement in which JP Morgan Chase & Co. agreed to pay $614 million over allegations it defrauded the U.S. government into insuring flawed home loans. (Stempel, 2014). For more than a decade, JP Morgan Chase & Co. submitted thousands of mortgages for......

Words: 880 - Pages: 4

Free Essay

Sherman Compromise

...used to the status quo, were surprised at how forceful the big states were about proportionality, seeing that the Congress had operated so long under the equal suffrage rule. The subject of suffrage in the houses of the legislature proposed in the prevailing Virginia Plan came to a debate on June 9, 1787. Threats to dissolve the Convention, and, indeed, the Union, flew from one side of the issue to the other. Fortunately, when the convention adjourned that day, it did so on a Saturday evening, allowing heads to cool and deals to be made that Sunday for presentation to the Convention on Monday. On June 11, Roger Sherman of Connecticut rose on the floor and proposed: "That the proportion of suffrage in the 1st. branch should be according to the respective numbers of free inhabitants; and that in the second branch or Senate, each State should have one vote and no more." Sherman was very well-liked and well-respected among the delegates, and spoke more in the Convention than anyone except Madison. In his time, he was a leader, respected by political friend and foe alike. His opinion carried weight. He had advanced an idea such as this as far back as 1776, when it was considered too radical to be taken seriously. This time, it not only was taken seriously, but Sherman's voicing of his compromise may have saved the Convention from doom. At first, Sherman's plan failed and was rejected. For several weeks, and through the debate on the New Jersey Plan, his idea lay dormant until June......

Words: 577 - Pages: 3

Free Essay

Clayton Industries

...Objective The purpose of this report is to analyze the challenge we are faced with at Clayton SpA and to submit my recommendation for our future growth strategy. Background At Clayton SpA sales have been down 19% and we are in our third year of losses. We are accumulating an additional $1million in debt per month. I arrived two months ago to discover great inefficiencies that have been creating this downturn. I am dedicated to this company and to seeing future growth. I have impressed upon my team the great sense of urgency and the need to take immediate action. I have already negotiated with our bank to postpone large payments due over the coming quarter to buy us some time, but we need to act swiftly. Our compression chillers lag behind in innovative features, pricing strategy, and operating efficiency. Our Asian competitors are a great threat with promised lower lifecycle costs through more efficient design. I have also learned that our central air conditioners fit poorly in Italian buildings and our marketing efforts have been insufficient in communicating the function of our products and what our brand stands for. We are over-staffed by 20% - 30% and knowing that a company-wide priority is to reduce capital use and bring costs under control, we need to take serious action. The 27% increase in steel prices is an important factor in my recommendation to reduce our fixed costs. I have also given great consideration in my recommendation to our other......

Words: 784 - Pages: 4

Premium Essay

Act 305 Module 6 Critical Thinking Assignment Cost of Production

...ACT 305 Module 6 Critical Thinking Assignment Cost of Production http://homeworkfy.com/downloads/act-305-module-6-critical-thinking-assignment-cost-of-production/ To Get this Tutorial Copy & Paste above URL Into Your Browser Hit Us Email for Any Inquiry at: Homeworkfy@gmail.com Visit our Site for More Tutorials: (http://homeworkfy.com/ ) Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: As of December 31, (the end of the prior quarter), the company’s general ledger showed the following account balances: Cash $48,000 (debit) Accounts receivable $224,000 (debit) Inventory $60,000 (debit) Buildings and equipment, net $370,000 (debit) Accounts payable $93,000 (credit) Capital stock $500,000 (credit) Retained earnings $109,000 (credit) 1. Actual sales for December and budgeted sales for the next four months are as follows: December $280,000, January $400,000, February $600,000, March $300,000 and April $200,000. 1. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales. 1. The company’s gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.) 2. Monthly expenses are budgeted as follows: salaries and wages, $27,000 per month;......

Words: 579 - Pages: 3

Premium Essay

Richard Sherman & the American Dream

...Richard Sherman: The Rejected Embodiment of the American Dream If I work hard enough, I can do anything. If I put my mind to it, I can make all the money in the world. If I give it my all, I can get everything that I want and more. This rhetoric is what our great country is built upon: The American Dream. No matter who you are and where you come from, with determination and persistence, you can fulfill your wildest dreams. This concept represents several key American values: racial equality, capitalism, and an emphasis on merit over social status. Although the American community preaches equality for all, its racially-fueled disapproval of Richard Sherman’s “outburst” is a microcosm of Americans’ selective application of the American Dream, the tendency to view those who come from underprivileged neighborhoods as inherently and genetically unequipped with the cognitive tools required for academic and professional success. On January 19th, 2014, the day of the NFL NFC Championshp, the stakes could not have been greater; Richard Sherman was just thirty seconds away from his first Super Bowl. Sherman’s Seattle Seahawks led the San Francisco 49ers 23-17, leaving the 49ers with a final opportunity to win the game. The 49ers ran a play for Michael Crabtree, whom Sherman was guarding, who was making his way into the end zone. Sherman, the NFL’s best cornerback, leaped with Crabtree and tipped the pass towards a teammate in a historic play that ended the 49ers season and, in turn...

Words: 2055 - Pages: 9

Premium Essay

Clayton Industries Analyisi

...Allotment : _27/08/12_______ Date of submission : _____10/9/12______ Student’s Roll No.______A81,A82,A84_______________ Section No. : ____Q2206______________ Declaration: I declare that this assignment is my individual work. I have not copied from any other student’s work or from any other source except where due acknowledgment is made explicitly in the text, nor has any part been written for me by another person. Student’s Signature : _Nishant_kumar______ Evaluator’s comments: _____________________________________________________________________ Marks obtained : ___________ out of ______________________ REPORT ON CLAYTON INDUSTRIES CASE PETER ARNELL, COUNTRY MANAGER FOR ITALY OBJECTIVE The purpose of this report is to analyze the daunting challenges faced by Clayton SpA,the Italian subsidiary of US based Clayton Industries Inc. Peter Arnell has just taken charge of the Clayton SpA to turn around the current loss making status of the company losing around $1 million a month after decades of solid returns. Contents A brief introduction of Clayton Industries and their business operations............................................................................................................................ 3 Description of......

Words: 2058 - Pages: 9

Premium Essay

Assignment 3 the Equality Act

...The Equality Act 2010 and my role as a doctor. M2 This legislation determines how a workplace conducts its behaviour towards all service users. Every professional’s role in a hospital includes responsibilities such as making sure each and every patient and service user is comfortable with the healthcare they are being provided with and also ensuring that no service user feels disrespected and unfairly treated. Policies of the hospital govern how a professional must act and behave with the patients. It is likely that the professional will perform his or her role according to the policies dictation otherwise it would be likely that their license would be at risk and in serious cases maybe even their practicing license. However it is unlikely that most professionals wouldn’t understand the importance of promoting an anti-discriminatory practice especially when they are with a patient. As a doctor it would be a part of my role to educate myself on the effects, direct or indirect, discrimination can have on the patient. My role would be heavily impacted by how The Equality Act 2010 expects me as a doctor to approach those who require my services in a fair and non-discriminatory way which would mean that when I am in the presence of my patients I would need to remember to stay in the guideline of the rules of The......

Words: 1008 - Pages: 5

Premium Essay

Assignment the Sherman and Clayton Acts

...Assignment The Sherman and Clayton Acts Click Link Below To Buy: http://hwcampus.com/shop/assignment-sherman-clayton-acts/ 1. The Sherman and Clayton Acts The Clayton Act of 1914 classifies several business practices as illegal, including price discrimination and tying contracts, if they "substantially lessen competition or tend to create a monopoly." The Clayton Act of 1914 is an example of which of the following? Antitrust laws Price regulations 2. The Clayton and Celler-Kefauver Acts Which of the following activities are prohibited by the Clayton Act when they lead to less competition? A buyer is forced to buy multiple products from a producer in order to get a desired product. Each of these answers is correct. A director from one business sits on the board of a competing firm. A firm acquires a major percentage of the stocks of a competing firm. 3. The Herfindahl index Suppose that three firms make up the entire wig manufacturing industry. One has a 40% market share, and the other two have a 30% market share each. The Herfindahl index of this industry is _________ (a.10,000 b.6,000 c.3,400 d.4,000 e.3,000). A new firm, Mane Attraction, enters the wig manufacturing industry and immediately captures a 15% share of the market. This would cause the Herfindahl index for the industry to ___________ (a.fall b.rise c.remain the same). The largest possible value of the Herfindahl index is 10,000 because: An industry with an index higher than 10...

Words: 3882 - Pages: 16

Premium Essay

Assignment: the Welfare Reform Act

...Assignment: The Welfare Reform Act 2 The Welfare Reform Act has made many changes in the welfare system and in this paper some of the various issues will be discussed. These issues will touch on whether the Welfare Reform Act has met the goal of helping people obtain jobs and leave the welfare program. Whether or not there has been a drop in applicants for the welfare program and if existing Medicaid beneficiaries lost their necessary coverage under the act will be covered. When the Welfare Reform Act was first created it was a replacement for Aid to Families with Dependent Children (AFDC),it was then referred to as Temporary Assistance for Needy Families (TANF),( KU, L. 1997). The welfare reform law does not change how health care is delivered or has it made any changes in who is able to able to be accepted to the program (KU, L. 1997). According to Ku (1973), “there were only four major changes to Medicaid eligibility which are: splitting the welfare and Medicaid eligibility, narrowing eligibility for disabled children in the Supplemental Security Income (SSI), terminating access for some legal immigrants because they lose SSI, and by not allowing future legal immigrants from being accepted for Medicaid.” By making these changes then it can be said that this reform has indeed not lowered the number of people who were on the Medicaid program at the federal level. It is also at...

Words: 1328 - Pages: 6

OPNAVINST 5354.1F EQUAL OPPORTUNITY | HEROES IN CRISIS #2 (DC 2018 1st Print) COMIC | Kommentare (0)