Q. Which of the following would be illegal under the Robinson-Patman Act? A. ExxonMobil sells gas at a higher wholesale price to independent gas retailers than to ExxonMobil retailers. B. General Mills and Kelloggs decide to merge. C. ExxonMobil and BP Oil elect the same person to their boards of directors. D. Ford and General … Read more
What type of chemical bond connects atoms that equally share electrons such as bonds between a hydrogen atom and a carbon atom in methane? a. Ionic bonds b. Hydrogen bonds c. Nonpolar covalent bond d. Polar covalent bond Answer c. Nonpolar covalent bond Explanation Ionic bond – This is formed between a metal and non-metal. … Read more
Moral Hazard problem – When a party engages in risky behavior because they are unlikely to suffer loss. It may also be described as the act of ‘not being careful’ or ‘performing duties responsibly’. The lemons problem – This occurs when there is information asymmetry between two parties engaged in a contract whether a seller … Read more
Bertman and Leone, Inc., files its articles of incorporation with the appropriate government agency. Least likely to appear in the articles is the name of a. each of the corporation’s incorporators. b. each of the corporation’s shareholders. c. the corporation. d. the corporation’s initial registered agent. Answer b. each of the corporation’s shareholders. Explanation Articles … Read more
The node of Ranvier is a periodic gap on the axon of certain neurons, that plays a key role in speeding the transmission of a nerve impulse along the neuron. Myelin sheath is concentric layers of lipids separated by protein layers providing high-resistance, low-capacitance electrical insulation. The node of Ranvier ensures that rather than having … Read more
Introduction Genetics – This refers to the study of variations (differences between individuals) and how they are inherited from parents to offspring’s Heredity is the transmission of characteristics of parents to offspring’s Variation is the differences among living organisms that are caused by differences in their genome Variation can be categorized as either continuous or … Read more
Explanation Unemployment rate and the official unemployment rate The difference between the two is basically the group of people included in the unemployed number. For the unemployment rate, the unemployed includes anyone who is at least 16 years of age, looking for work within the past four weeks, and someone who is available to accept … Read more
Federal reserve uses various measures to change money supply and encourage economic activity – monetary policy The Federal Reserve controls the economy by applying monetary policy tools which are the Open Market Operations, Reserve Requirements, and Federal Funds Rate. To encourage economic activity, the Fed can increase money supply by decreasing federal funds rate which … Read more
Markets thrive on the law of demand and supply, which indicates that there is always a negative relationship between the price of a good/service and quantity demanded, and a positive relationship between the price of a good/service and the quantity supplied. There are several types of markets differentiated on various factors such as level of … Read more
Any unintentional act that causes injury to another person or property is negligence. Negligence may be an act of omission which results from inaction or which someone should have done but did not. Negligence may also be due to an act of commission that results from an action that the plaintiff should not have done. … Read more