Chapter 11: Government In Business Question Preview (ID: 36924)


General Business Chapter 11. TEACHERS: click here for quick copy question ID numbers.

A business owned by a few companies that sell products in a certain market
a) Oligopoly
b) Monopoly
c) Singleopoly
d) Fewopoly

Laws designed to promote competition and fairness to prevent monopolies
a) trust laws
b) antitrust laws
c) tarriff laws
d) patent law

A business that has complete control of the market for a product or service
a) Oligopoly
b) Monopoly
c) Monarch
d) Rolly Polly

an agreement to exchange goods or services for something of value
a) Agreement
b) Condition
c) Contract
d) Illegal

A business that supplies a service or product vital to people; the price charged for the service or product is determined by government regulation rather than by competition
a) Municipal place
b) Public business
c) Public Utility
d) Entity

The exclusive right given to a person to make, use or sell an invention
a) Copyright
b) Patent
c) Trademark
d)

Protection of the work of authors, composers, and artists
a) Copyright
b) Patent
c) Trademark
d)

Business transactions involving companies that do business only in one state
a) Interstate Commerce
b) Outerstate Commerce
c) Not true
d) Global business

A word, letter, or symbol associated with a specific product or company
a) Copyright
b) Trademark
c) Patent
d) Slogan

A memory card is an example of a
a) copyright
b) trademark
c) patent
d)

Copying song lyrics is an example of violating what law
a) copyright
b) patent
c) trademark
d) copy

The golden arch is an example of a
a) patent
b) trademark
c) copyright
d)

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