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标题: Reading 35: Mergers and Acquisitions - LOS g ~ Q1-3 [打印本页]

作者: cfaedu    时间: 2008-5-19 14:17

答案和详解如下:

1.Which of the following statements regarding the Celler-Kefauver Act is least accurate? The Celler-Kefauver Act:

A)   required that all mergers must be approved by the appropriate governmental regulatory agency in advance.

B)   was passed to address weaknesses in the Clayton Act.

C)   broadened the regulatory authority to include asset purchases.

D)   added rules to address vertical and conglomerate mergers.

The correct answer was A)    

The Hart-Scott-Rodino Act of 1976 required that all mergers must be approved in advance by the appropriate regulatory agency. All of the other statements are correct with respect to the Celler-Kefauver Act of 1950.

2.The U.S. federal governmental regulatory agency that reviews and approves mergers is called the:

A)   Department of Justice.

B)   Federal Trade Commission.

C)   Commerce Department.

D)   Securities and Exchange Commission.

The correct answer was B)

In the U.S., the Federal Trade Commission is the regulatory agency that reviews and approves mergers. The Department of Justice also reviews and approves mergers, but it is a branch of government, not a regulatory agency.

3.The first major piece of U.S. antitrust legislation was enacted in:

A)   1914.

B)   1850.

C)   1890.

D)   1876.

The correct answer was C)

The first major piece of U.S. antitrust legislation, the Sherman Antitrust Act, was enacted in 1890.


作者: cfaedu    时间: 2008-5-19 14:17     标题: [2008] Session 9 -Reading 35: Mergers and Acquisitions - LOS g ~ Q1-3

1.Which of the following statements regarding the Celler-Kefauver Act is least accurate? The Celler-Kefauver Act:

A)   required that all mergers must be approved by the appropriate governmental regulatory agency in advance.

B)   was passed to address weaknesses in the Clayton Act.

C)   broadened the regulatory authority to include asset purchases.

D)   added rules to address vertical and conglomerate mergers.

2.The U.S. federal governmental regulatory agency that reviews and approves mergers is called the:

A)   Department of Justice.

B)   Federal Trade Commission.

C)   Commerce Department.

D)   Securities and Exchange Commission.

3.The first major piece of U.S. antitrust legislation was enacted in:

A)   1914.

B)   1850.

C)   1890.

D)   1876.






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