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Business English Exercises
 

Business Buzzwords: Price Fixing

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 234
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price fixing answer 1
The US Congress passed the Sherman Antitrust Act in 1890, and most if not all states have comparable statutes prohibiting monopolistic conduct, price fixing agreements, and other acts in restraint of trade having strictly local impact.

Correct answer: (a) Antitrust

Meaning of business term Antitrust
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price fixing, question 1 business buzzwords: price fixing, business administration management, what does antitrust mean?

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price fixing answer 2
Both parents in a dewk household want to work fewer hours, but that kind of cutback can mean jeopardizing advancement, so usually one partner works to maintain a career (usually the man) while the other parent scales back the career to provide child care (usually the woman).

Correct answer: (b) dewk

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price fixing, question 2 business relationship management, what does dewk mean? what is the definition for dewk?

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price fixing answer 3
The broker has to know when to accept a counterparty's price quotation and get the trade done: there are times when a broker just has to lift the offer or hit the bid, particularly if the futures market is rocking and rolling — if a glance at the board shows the numbers continually changing, it's not the time to try to finesse the prices.

Correct answer: (a) hit

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price fixing, question 3 business management school, what does hit mean? what is the definition for hit?

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price fixing answer 4
Known as 'the Oracle of Omaha', Warren Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time; his wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making him the second richest man in the world.

Correct answer: (d) Warren Buffett

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price fixing, question 4 business management careers, what does warren buffett mean? what is the definition for warren buffett?

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price fixing answer 5
We can feast away on stocks that the big boys might like but don't bother with since a few grams of profit won't help them at all; our goal is to find the most promising small companies that one day will grow large enough to attract the elephant investors.

Correct answer: (b) elephant

Meaning of business term elephant
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price fixing, question 5 mba of business, what does elephant mean? what is the definition for elephant?

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price fixing answer 6
Most 'sell-side' active management investment firms produce long term excess returns of zero, blurred by a short term noise band which is sometimes positive, and sometimes negative; in George A. Ackerlof's terms, these firms are lemons.

Correct answer: (c) lemons

Meaning of business term lemons
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price fixing, question 6 business buzzwords: price fixing, higher business management, what does lemons mean?

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price fixing answer 7
Under normal operation environment, the closing price of a stock on the HKE is determined by taking the median of 5 nominal prices in the last minute of the trading hours: the system will take up 5 snapshots on the nominal prices at 15-second interval starting from 3:59:00 p.m.

Correct answer: (b) closing

Meaning of business term closing
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price fixing answer 8
The Monday effect is related to the weekend market analysis performed by millions of investors and traders: many people think 'linearly', and they believe in trends.

Correct answer: (d) Monday

Meaning of business term Monday
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price fixing answer 9
The more drastic poison pill methods involve taking on large debts that the acquiring company would have to pay off; in rare cases, a company decides that it would rather go out of business than be acquired, so they intentionally rack up enough debt to force bankruptcy — this is known as the Jonestown Defense.

Correct answer: (b) Jonestown

Meaning of business term Jonestown
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price fixing, question 9 risk management in international business, what does jonestown mean? what is the definition for jonestown?

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price fixing answer 10
Kellogg Company has a rich history of corporate social responsibility, a history that has grown and evolved to meet the complexities of today's business world and the challenges of a global society; our founder, W.K. Kellogg, sought to "invest my money in people", and that legacy continues to guide our company and our people.

Correct answer: (c) social

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price fixing, question 10 farm business management, what does social mean? what is the definition for social?

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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