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Chapter 25: Problem 14

The merger between Exxon and Mobil was subject to antitrust regulation by __________. (LO4) a) the Justice Department only b) the European Commission only c) both the Justice Department and the European Commission d) neither the Justice Department nor the European Commission

Short Answer

Expert verified
The merger between Exxon and Mobil was subject to antitrust regulation by both the Justice Department and the European Commission.

Step by step solution

01

Analyze the role of the Justice Department in regulating mergers

The United States Justice Department is responsible for overseeing and enforcing antitrust laws. The merger between Exxon and Mobil, being two American companies, falls under the jurisdiction of the Justice Department. Therefore, the Justice Department has a role to play in regulating this merger.
02

Analyze the role of the European Commission in regulating mergers

The European Commission is responsible for overseeing and enforcing antitrust laws within the European Union. Since Exxon and Mobil are both multinational corporations with operations in Europe, their merger could have implications for European markets and consumers. Therefore, the European Commission also has a role to play in regulating this merger.
03

Determine the correct answer based on the analysis

Based on our analysis of the roles of the Justice Department and the European Commission in regulating mergers, we can conclude that both organizations played a role in regulating the merger between Exxon and Mobil. Therefore, the correct answer is: c) both the Justice Department and the European Commission

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Most popular questions from this chapter

Which of the following statements is the most accurate? (LO8) a) Corporate fraud invariably involves some form of illegal financial manipulation. b) Corporate fraud is confined almost entirely to the financial services industry. c) Pfizer, which paid a \(\$ 2.3\) billion fine for selling a drug for a use that had not been approved by the Federal Drug Administration, was guilty of corporate fraud. d) Because of the threat of heavy fines and long prison sentences, corporate fraud is no longer a serious problem.

Which would be the most accurate statement about the recent wave of corporate corruption? (LO6) a) It has hurt employees, stockholders, and, in general, the entire economy. b) It has actually been very healthy for our economy. c) It has very little bearing on employees, stockholders, or the economy. d) None of these statements is accurate.

The acquisitions of Time by Warner and \(A B C\) by Walt Disney were examples of __________. mergers. (LO4) a) horizontal b) vertical c) conglomerate

Which statement is true? (LO4, 7) a) Conglomerate mergers are all vertical mergers. b) General Electric is the largest conglomerate in the United States. c) There is no discernable trend toward corporate bigness. d) Most of the largest corporate mergers in the world are between firms located outside the United States.

Which would be the most accurate statement? (LO6) a) The honesty of our corporate leaders is beyond question. b) Most corporate leaders are dishonest. c) Even if a corporation "cooks" its books, the CPA firm it hires to audit its books will quickly find out and blow the whistle. d) Enron was not the only American corporation in recent years to be guilty of corporate misconduct.
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