Chapter Three: The Job and basic laws Flashcards
1
Q
Which statement is best related to the United States vs Foley court case.
A. Blockbusting
B. Sterring
C. Price fixing
D. All the above
A
C. Price fixing
2
Q
What is market allocation?
A
Is dividing the market in someway geographical or pricing. Its against the Sherman antitrust act.
3
Q
What is the Sherman antitrust act?
A
Ensuring that fair competition exists in an open-market economy. Passed in 1890 after, Senator John Sherman.
4
Q
Independent contractors are responsible for paying their own taxes and social security.
True or False
A
True- They are a contractor working in independently with the brokerage company.
