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Legal Issues And Business Ownership
Test Description: Legal Issues and Business Ownership
Instructions: Answer all questions to get your test result.
1) A monopoly is also called a trust, so thsee laws that made monopolies in certain industries illegal were called
A
legal laws
B
business laws
C
antitrust laws
D
department laws
2) To make sure that competition is fair, who enacted various laws to help protect businesses?
A
business owners
B
the president
C
the consumers
D
the government
3) Due to this act, medicine companys must let people know of any side effects they may experience.
A
Wheeler-Lea Act
B
Clayton Act
C
Sherman Act
D
Charrones Act
4) What are the two government agencies that work to make sure competition remains fair
A
Small Business Administration and OSHA
B
Antitrust Division of the Justice Department and the Small Business Administration
C
Antitrust Division of the Justice Department and the Federal Trade Commission
D
OSHA and the Federal Trade Commission
5) It is illegal for Circle K and Exxon Gas companies to get together and set prices on the products they offer. This is an example of which act?
A
Sherman
B
Robinson-Patman
C
Charrone
D
Clayton
6) The Nike Swoosh is a
A
trademark
B
license
C
copyright
D
patent
7) What protects a work for 70 years after the death of an author?
A
trademark
B
copyright & patent
C
patent
D
copyright
8) Under this law, the FDA (Food and Drug Administration) has to power to force producers to stop manufacturing products that are unsafe.
A
Federal Food, Drug, and Cosmetic Act
B
Consumer Product Safety Act
C
Truth In Lending Act
D
Fair Credit Billing Act
9) Under this law, ths commission can determine that a product other than food/drugs is unsafe, and it can force businesses to recall the product and stop selling it
A
Fair Credit Billing Act
B
Federal Food, Drug, and Cosmetic Act
C
Consumer Product Safety Act
D
Truth In Lending Act
10) Local governements often establish these regulations to control what types of buildings can be built in what areas.
A
licenses
B
contracts
C
intellectual property
D
zoning
*select an answer for all questions
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