Legal Issues And Business Ownership: Question Preview (ID: 11655)


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A monopoly is also called a trust, so thsee laws that made monopolies in certain industries illegal were called
a) antitrust laws
b) legal laws
c) department laws
d) business laws

To make sure that competition is fair, who enacted various laws to help protect businesses?
a) business owners
b) the government
c) the consumers
d) the president

Due to this act, medicine companys must let people know of any side effects they may experience.
a) Clayton Act
b) Charrones Act
c) Sherman Act
d) Wheeler-Lea Act

What are the two government agencies that work to make sure competition remains fair
a) Antitrust Division of the Justice Department and the Small Business Administration
b) Small Business Administration and OSHA
c) Antitrust Division of the Justice Department and the Federal Trade Commission
d) OSHA and the Federal Trade Commission

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) Robinson-Patman
b) Clayton
c) Charrone
d) Sherman

The Nike Swoosh is a
a) copyright
b) license
c) trademark
d) patent

What protects a work for 70 years after the death of an author?
a) copyright
b) copyright & patent
c) trademark
d) patent

Under this law, the FDA (Food and Drug Administration) has to power to force producers to stop manufacturing products that are unsafe.
a) Consumer Product Safety Act
b) Fair Credit Billing Act
c) Federal Food, Drug, and Cosmetic Act
d) Truth In Lending Act

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) Truth In Lending Act
d) Consumer Product Safety Act

Local governements often establish these regulations to control what types of buildings can be built in what areas.
a) licenses
b) contracts
c) zoning
d) intellectual property

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