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- A few years ago, a prominent pharmaceutical company was accused by the Justice Department of meeting with its competitors and entering into an explicit agreement with these competitors to fix the price of a commonly prescribed drug. (a) What is the difference between horizontal price fixing and vertical price fixing? Was this pharmaceutical company accused of horizontal price fixing or of vertical price fixing? Explain your reasoning. (b) Would the business practice that the pharmaceutical company was accused of be considered per se illegal or would the legality of this practice be judged by the rule-of-reason criterion? If the case had gone to trial, would “plus factors” have been considered to determine the trial’s outcome? Explain your reasoning. (c) Use the course material on the free-market economic system to explain why there are governmental laws against horizontal and vertical price fixing.Focusing on cases in which transaction costs prevent the existence of a private market for pollution abatement rights, address the following issues: Describe alternative regulatory approaches to mitigate the effect of pollution externalities, including Emissions Standards, Pigouvian taxes and Cap & Trade, assessing the feasibility and relative desirability of these approaches, taking into account that information gathering and processing costs are larger when the regulatory procedure requires more disaggregate information.Starting 1 January 2020, the government began imposing a digital services tax (DST) of six per cent on foreign digital service providers (FSPs) in Malaysia. You are required to produce the write up on Digital Service Tax (DST) in Malaysia. Below is the content of yourwrite up. How does the digital tax will affect the sellers or service providers? Please provide explaination it clearly, genuine not googleable
- The Code of Federal Regulations is published and administered by _. 1. NFPA 2. ANSI 3. UL 4. OSHAA business is an enterprise that provides goods and services that are desired by customers. Business activities are broadly categorized into industry and commerce. The former involving the production of goods and materials while the latter is majorly concerned with their distribution and sale. The objectives of business is not solely economic, but also social which view the environment within which the business operates. The administration of a business is interchangeable with the performance or management of business operations, and includes important decision making. For business organizations, its environment constitutes both the things within the unit and those outside referred to as internal factors and External factors. The internal factors normally describe the strengths and weaknesses of the organizations. The external business environment factors include among others, the ideological beliefs of the country, the social and cultural system and values the laws of the country, the…Since the late 1990s, travel distribution has seen a considerable shift from offline to online channels. Many entrepreneurs who were quick to recognise the potential of new technologies have since become major travel intermediaries. Priceline.com was originally set up in 1997 as a travel auction site where consumers offered a price and traders chose whether or not to accept it. In 1999 the company was offered for public sale and valued at US$12.9 billion. Since 2004, The Priceline Group has acquired several online travel retail sites: Booking.com (2005), agoda.com (2007), TravelJigsaw (now rentalcars.com; 2010), KAYAK (2013), OpenTable (2014), Rocketmiles (2015). In addition it acquired reservation-management technology companies that provide revenue and marketing solutions to hotels or restaurants that sell via Booking.com or OpenTable: PriceMatch and AS Digital (2015). The Priceline Group operates six brands, employs 18,500 staff and operates in 224 countries. In 2016 it handled…
- Your ministry/department has issued a directive informing businesses that they must comply with the regulations and meet the requirements. Business ABC has written to you to seek an exemption because it is too costly to comply. You have already granted the company two exemptions and you can no longer allow the company to ignore the requirement as non-compliance can be potentially dangerous. Write a letter to the CEO of the company informing him/her that you will not be granting the exemption. Provide any details which you consider to be relevant.Framing rules for regulating business activities is the task of: A- Government B- Suppliers C- Customers D- SocietyGoogle and China Google ended itssearch product in China in 2010 and is effectively blocked in the country. However,a report emerged last year that the search giant was looking to launch a censored version of itssearch app in China. The initiative, which the company acknowledged publicly, was in its earlystages. In China, all internet services are required to censor information which the governmentdeems sensitive.However, Vice President for Government Affairs and Public Policy at the company, Karan Bhatia,said this week that Google had abandoned plans for “Project Dragonfly,” the name of its Chinasearch product initiative. So right now, Google is still blocked in China and can only be accessed via a virtual private network(VPN), which helps mask a user’s internet location.Source: Adapted from Kharpal, A. 2019. Google has been accused of working with China. Here’swhat they’ve been doing there. Q.1.2 Identify and discussthe level of management Larry Page and Sergey Brin represented in…
- The board of directors of Megacorp Berhad, a public listed company comprises of executive directors as well as independent and non-executive directors. The Chief Executive Officer (CEO) is also the chairperson of the board of directors. A study shows that the lack of separation of the CEO and the chairmanship of the board of directors has led to the board being aligned to the management rather than the shareholders despite the presence of the independent non-executive directors. In addition, the study also shows that companies which have CEO duality are likely to have lower shareholder returns. The independent non-executive directors of the company subscribe to the view that directors have a legally mandated fiduciary duty to their shareholders to maximize the profit of the company. Thus, to them, ethical standards are less important than legal standards in the pursuit of making profit. (a) Describe the specific contributions that independent non-executive directors could make to…Google and China Google ended itssearch product in China in 2010 and is effectively blocked in the country. However,a report emerged last year that the search giant was looking to launch a censored version of itssearch app in China. The initiative, which the company acknowledged publicly, was in its earlystages. In China, all internet services are required to censor information which the governmentdeems sensitive.However, Vice President for Government Affairs and Public Policy at the company, Karan Bhatia,said this week that Google had abandoned plans for “Project Dragonfly,” the name of its Chinasearch product initiative.So right now, Google is still blocked in China and can only be accessed via a virtual private network(VPN), which helps mask a user’s internet location.Source: Adapted from Kharpal, A. 2019. Google has been accused of working with China. Here’swhat they’ve been doing there. 1)Identify and discussthe level of management Larry Page and Sergey Brin representedin 1999 as…Choose the correct answer; Amazon, the retail giant headquartered in the U.S, has faced severe criticisms from various parts of the society including the politicians in the U.S for its cut throat capitalist policies to aggregate the wealth of the company. The executives of the company are always focused on the investor’s benefits and their preferences. Which of the following classification of CSR is evident from the above statements? a.Responsibility towards the customers b.Responsibility towards the shareholders c.Responsibility towards the Employees d.Responsibility towards the environment