Family Business Mediators

8. Which business practice would be a violation of the Clayton Act of 1914?

A. Companies A and B independently reduce prices to increase sales revenues and gain market share.

B. Companies A and B develop new marketing plans to gain more market share.

C. Companies A and B engage in exclusive talks to control prices to maintain high levels of profitability.

D. Companies A and B develop plans to increase market shares through the introduction of new product features.

9. What laws do the Federal Trade Commission enforce?

A. Competition laws
B. Consumer laws
C. Employment laws
D. Patent laws

10. A store advertises a certain item for a sale price of $450. A customer goes to that store on the day of the advertisement to purchase the item. The salesperson indicates that the advertised item is out of stock but a more advanced model of the item is available for $550.

What practices prohibited under the Federal Trade Commission Act has the store used?

A. Deceptive advertising
B. Bait and switch
C. Unfair promoting
D. Consumer fraud

11. Which actions of a water bottling company would be regulated by the Environmental Protection Agency?

A. Selling bottled water
B. Selling empty water bottles
C. Selling water-bottled equipment
D. Inventing water-bottling equipment

12. A power company receives a yearly emissions allowance. The company is exceediing the allowable sulfur dioxide emissions under Environmental Protection Agency (EPA) regulations as authorized by the Clean Air Act, and has used its entire emissions allowance. EPA requires the company to shut down unless it takes immediate action within EPA regulations.

Which action can the power company take to continue operating?

A. Request an emissions variance
B. Buy more emissions allowances
C. Shorten operating hours
D. Use lower-sulfur coal

13. What is a violation of the Clean Water Act of 1972?

A. A city drains water from a wetlands area to develop the land.
B. A municipality restricts use of wetlands within city limits.
C. A business seeks approval from the Environmental Protection Agency to dredge a river.
D. A business is contracted to build a bridge over a river.

14. What is an example of alternative dispute resolution?

A. An appeals court ruling on a dispute
B. A meeting in wihch a mediator works with both parties
C. A ruling by the U. S Supreme Court on a matter
D. A lawsuit that is settled prior to going to trial

8-???
9-a, b but poorly in both cases. not enough staff, lawyers, or teeth in the laws
10-both a& b, teacher probably wants B
11-???
12-a, b
13-?
14-b

Recommended Reading

• Business Conflict Resolution Explained
• Have you ever tried to act as a mediator between warring parties in your veterinary practice?
• Mediation – The Business Case
• Annan meets business chiefs – Feb 6, ’08
• BIS Manage Workplace Conflict.wmv
• Dr Mark DeVolder – Business Change Speaker (MCP Speakers)
• The Complete Guide to Conflict Resolution in the Workplace