The Legal Environment of Business - Assignment Example

Due The Legal Environment of Business The regulation of securities began as a program Help potential investors to make investment decisions based on less certain criteria 2) Which one of the following could not be prosecuted for Insider Trading if they possessed confidential information? The Chief Accountant of the company whose stock was sold. 3) The purpose of the Sherman Act was to: Preserve competition 4) The president of a soft drinks bottling company agree with a competitor to stop discounts to retailers, which earned him a jail sentence.

What was his crime? Horizontal price-fixing 5) Attempts by manufacturers to control retail prices are known as vertical price fixing. 6) Mobilink Telekom Inc deals in the manufacture of mobile handsets Broadcom deals in the manufacture of bluetooth personal area network hardware systems and chips. The acquisition of Mobilink Telekom Inc. by Broadcom is an example of a horizontal merger. 7) Anheuser- Bush, an American corporation, and Inbev, a Belgian corporation, finalized a multi-billion dollar merger to form the largest beer company in the world.

Anheuser-Bush and Inbev, prior to the merger, each sold beer in many countries around the world, including both Belgium and the United States. This merger is best described as a: Product market extension merger. 8) Indirect and direct attempts by state and local governments to regulate foreign commerce to some degree are considered constitutional. 9) The Congress shall have the power to regulate Commerce with foreign nations and among the several states and with the Indian Tribes is known as: The Commerce Clause 10) A baseball player who lives in Miami and plays for the Miami Marlins does not have to pay any state income taxes because he lives in Florida and Florida does not ha a state income tax: False Work Cited Jennings, Marianne.

 Foundations of the Legal Environment of Business. Mason, OH: South-Western/Cengage Learning, 2013. Print.