Question 1

When a group of competing retailers establishes a fixed price at which to sell their merchandise,they are engaging in horizontal price fixing.

Accepted Answer

A) True 
 B)False

Question 2

A tying agreement:

Accepted Answer

A)  ties a retailer to multiple wholesalers. 
B)  is an agreement whereby a retailer forces a seller to offer only their strongest products or have all its products be excluded from the retailer's store. 
C)  ties one exclusive territory to the sale of one product. 
D)  requires that a retailer only buy merchandise from a certain group of suppliers. 
E)  exists when a seller with a strong product or service requires a buyer to purchase a weak product or service as a condition for buying the strong product or service. 
A)  ties a retailer to multiple wholesalers. 
B)  is an agreement whereby a retailer forces a seller to offer only their strongest products or have all its products be excluded from the retailer's store. 
C)  ties one exclusive territory to the sale of one product. 
D)  requires that a retailer only buy merchandise from a certain group of suppliers. 
E)  exists when a seller with a strong product or service requires a buyer to purchase a weak product or service as a condition for buying the strong product or service.

Question 3

The Magnuson-Moss Warranty Act only applies to written warranties on:

Accepted Answer

A)  all products. 
B)  all products costing more than $5. 
C)  all products costing more than $15. 
D)  all products costing more than $50. 
E)  all products costing more than $100. 
A)  all products. 
B)  all products costing more than $5. 
C)  all products costing more than $15. 
D)  all products costing more than $50. 
E)  all products costing more than $100.

Question 4

Which laws,federal,state,or local,are the most important for a retailer to understand and comply with? Explain your answer.

Accepted Answer

In addition to federal laws,many states

Question 5

Zoning laws are examples of state laws that affect retailers.

Accepted Answer

A) True 
 B)False

Question 6

_____ is an unwritten but well understood set of rules or standards of moral responsibility.

Accepted Answer

A)  Ethical regulations 
B)  Explicit codes of ethics 
C)  Implicit codes of ethics 
D)  Moral laws 
E)  Ethical standards 
A)  Ethical regulations 
B)  Explicit codes of ethics 
C)  Implicit codes of ethics 
D)  Moral laws 
E)  Ethical standards

Question 7

Most federal laws affecting retailing seek to "promote competition."

Accepted Answer

A) True 
 B)False

Question 8

Explain the complexities involved with product warranties.Please be sure to address all forms and types of warranties.

Accepted Answer

Retailers are responsible for product sa

Question 9

All of the pub owners in a small college town met and decided to charge $7.99 for a burger and beer during the school year.The pub owners may be in violation of the:

Accepted Answer

A)  Wheeler-Lea Act. 
B)  Clayton Act. 
C)  Federal Trade Commission Act. 
D)  Sherman Antitrust Act. 
E)  Hart-Scott-Rodino Act. 
A)  Wheeler-Lea Act. 
B)  Clayton Act. 
C)  Federal Trade Commission Act. 
D)  Sherman Antitrust Act. 
E)  Hart-Scott-Rodino Act.

Question 10

The Consumer Product Safety Act specifies the retailer's responsibilities in monitoring the safety of consumer products.

Accepted Answer

A) True 
 B)False

Question 11

Many e-tailers know not only what purchases you made from them but also what sections of their website you visited.

Accepted Answer

A) True 
 B)False

Question 12

The Sherman Antitrust Act sought to:

Accepted Answer

A)  restrict the amount of imports into the United States. 
B)  eliminate price differences among competing suppliers. 
C)  prevent unfair or deceptive advertising and selling practices within a marketing channel. 
D)  prevent monopolies or conspiracies that are in restraint of trade. 
E)  establish the first Federal "Fair Trade" Agency. 
A)  restrict the amount of imports into the United States. 
B)  eliminate price differences among competing suppliers. 
C)  prevent unfair or deceptive advertising and selling practices within a marketing channel. 
D)  prevent monopolies or conspiracies that are in restraint of trade. 
E)  establish the first Federal "Fair Trade" Agency.

Question 13

Federal laws attempt to assure a meaningful disclosure of all credit terms,so that consumers will be able to compare various credit terms available.

Accepted Answer

A) True 
 B)False

Question 14

The _____ Act establishes protection for trademarks.

Accepted Answer

A)  Lanham 
B)  Hart-Scott-Rodino 
C)  Sherman 
D)  Clayton 
E)  Robinson-Patman 
A)  Lanham 
B)  Hart-Scott-Rodino 
C)  Sherman 
D)  Clayton 
E)  Robinson-Patman

Question 15

The term "palming off" refers to when a retailer sells "gray market" products.

Accepted Answer

A) True 
 B)False

Question 16

Territorial restrictions may be a violation of the Sherman Antitrust Act.

Accepted Answer

A) True 
 B)False

Question 17

When all airlines agree to set fares at the same price,they are:

Accepted Answer

A)  engaging in vertical price fixing. 
B)  violating fair trade laws. 
C)  engaging in horizontal price fixing. 
D)  violating the Federal Trade Commission Act. 
E)  engaging in price discrimination. 
A)  engaging in vertical price fixing. 
B)  violating fair trade laws. 
C)  engaging in horizontal price fixing. 
D)  violating the Federal Trade Commission Act. 
E)  engaging in price discrimination.

Question 18

Fair trade laws were considered violations of Section 1 of the Sherman Antitrust Act.

Accepted Answer

A) True 
 B)False

Question 19

If a tire retailer sells you a passenger car tire,the retailer is implying that the tire is fit for use on your passenger car.

Accepted Answer

A) True 
 B)False

Question 20

The illegality of price discrimination is clear-cut and retailers no longer have to fear being discriminated against.

Accepted Answer

A) True 
 B)False

When a group of competing retailers establishes a fixed price at which to sell their merchandise,they are engaging in horizontal price fixing.

A tying agreement:

The Magnuson-Moss Warranty Act only applies to written warranties on:

Which laws,federal,state,or local,are the most important for a retailer to understand and comply with? Explain your answer.

Zoning laws are examples of state laws that affect retailers.

_____ is an unwritten but well understood set of rules or standards of moral responsibility.

Most federal laws affecting retailing seek to "promote competition."

Explain the complexities involved with product warranties.Please be sure to address all forms and types of warranties.

All of the pub owners in a small college town met and decided to charge $7.99 for a burger and beer during the school year.The pub owners may be in violation of the:

The Consumer Product Safety Act specifies the retailer's responsibilities in monitoring the safety of consumer products.

Many e-tailers know not only what purchases you made from them but also what sections of their website you visited.

The Sherman Antitrust Act sought to:

Federal laws attempt to assure a meaningful disclosure of all credit terms,so that consumers will be able to compare various credit terms available.

The _____ Act establishes protection for trademarks.

The term "palming off" refers to when a retailer sells "gray market" products.

Territorial restrictions may be a violation of the Sherman Antitrust Act.

When all airlines agree to set fares at the same price,they are:

Fair trade laws were considered violations of Section 1 of the Sherman Antitrust Act.

If a tire retailer sells you a passenger car tire,the retailer is implying that the tire is fit for use on your passenger car.

The illegality of price discrimination is clear-cut and retailers no longer have to fear being discriminated against.

Perspectives on Retailing

Retail Strategic Planning and Operations Management

Retail Customers

Evaluating the Competition in Retailing

Managing the Supply Chain

Market Selection and Retail Location Analysis

Managing a Retailer’s Finances

Merchandise Buying and Handling

Merchandise Pricing

Advertising and Promotion

Customer Service and Retail Selling

Store Layout and Design

Managing People

Filters

Exam 6: Legal and Ethical Behavior

When a group of competing retailers establishes a fixed price at which to sell their merchandise,they are engaging in horizontal price fixing.

A tying agreement:

The Magnuson-Moss Warranty Act only applies to written warranties on:

Which laws,federal,state,or local,are the most important for a retailer to understand and comply with? Explain your answer.

Zoning laws are examples of state laws that affect retailers.

_____ is an unwritten but well understood set of rules or standards of moral responsibility.

Most federal laws affecting retailing seek to "promote competition."

Explain the complexities involved with product warranties.Please be sure to address all forms and types of warranties.

All of the pub owners in a small college town met and decided to charge $7.99 for a burger and beer during the school year.The pub owners may be in violation of the:

The Consumer Product Safety Act specifies the retailer's responsibilities in monitoring the safety of consumer products.

Many e-tailers know not only what purchases you made from them but also what sections of their website you visited.

The Sherman Antitrust Act sought to:

Federal laws attempt to assure a meaningful disclosure of all credit terms,so that consumers will be able to compare various credit terms available.

The _____ Act establishes protection for trademarks.

The term "palming off" refers to when a retailer sells "gray market" products.

Territorial restrictions may be a violation of the Sherman Antitrust Act.

When all airlines agree to set fares at the same price,they are:

Fair trade laws were considered violations of Section 1 of the Sherman Antitrust Act.

If a tire retailer sells you a passenger car tire,the retailer is implying that the tire is fit for use on your passenger car.

The illegality of price discrimination is clear-cut and retailers no longer have to fear being discriminated against.

Perspectives on Retailing

Retail Strategic Planning and Operations Management

Retail Customers

Evaluating the Competition in Retailing

Managing the Supply Chain

Market Selection and Retail Location Analysis

Managing a Retailer’s Finances

Merchandise Buying and Handling

Merchandise Pricing

Advertising and Promotion

Customer Service and Retail Selling

Store Layout and Design

Managing People

Filters