Intrastate commerce involves companies doing business in only one state.

Wal-Mart is the single largest employer in the United States.

The government's sole source of income is taxes, such as income, property, and sales taxes.

A business's duty to contribute to the well-being of the community is its social responsibility.

Results in an unfair benefit

Cannot be replaced once it has been used up

Protects the work of authors, composers, and artists

Save scarce natural resources

Guides the actions of employees

Prevent unfair business practices

Supplies a product or service vital to all people

Which agency regulates safety standards?

Which agency monitors and enforces standards for water and air quality?

Which agency provides information to help companies make good business decisions?

Which agency helps new businesses get started by offering business loans?

Which agency works closely with businesses to reduce pollution?

Lumber is an example of a nonrenewable resource.

OSHA is a federal agency that regulates workplace safety standards.

Principles of morality or rules of conduct are called ethics.

The U.S. government does not play a major role in the American economy.

Your computer is an example of intellectual property.

A trademark is a word, letter, or symbol linked with a specific company or product.

Most goods and services you use are provided by the U.S. government.

All public utility companies are owned and operated by state government.

A monopoly exists when a business has control of the market for a product or service.

Government income is called revenue.

Removing workplace barriers for women and accommodating employees who are physically challenged are ways a business can contribute to

All of the following are benefits of socially responsible activities EXCEPT

A set of rules guiding the actions of employees is called a(n)

Government is concerned with all of the following EXCEPT

Contracts

Copyright protection lasts for

Which of the following is an example of public utility?

Government attempts to prevent monopolies with

The single largest employer in the U.S. economy is

The tax levied on the money you earn at your job is called

Business dealings involving companies in more than one state.

Saving scarce resources.

Gives the inventor sole right to move, use, or sell an item for 20 years.

A tax levied on goods and services that is collected by the seller.

A tax levied on the value of land and building.

Business dealings involving companies that do business in only one state.

Occurs when the environment is tainted with the by-products of human actions.

An agreement to exchange goods or services for something of value.

Protects creative work of authors, composers, and artists.

Clauses in labor contracts that pertain to employee health and safety while on the job.

___________ refers to the duty of a business to contribute to the well-being of a community.

The four elements of a legal contract are agreement, competent parties, legality, and _____________________.

A(n) _________________________ occurs when an individual's or company's actions result in an unfair benefit.

A(n) _________________________ is an organization that supplies a service or product vital to all people.

___________ laws promote competition and prevent such practices as false advertising and misleading labeling.

To be valid and enforceable, contracts must be in writing and signed by both parties.

A logo is a trademark linked with a specific company or product.

The Age Discrimination in Employment Act protects people once they reach the age of 40.

Intrastate commerce involves companies doing business in only one state.

When a business controls the market for a product or service, it has a monopoly.

The government's only source of income is taxes, such as income, property, and sales taxes.

The Constitution gives the federal government the power to regulate _________________.

The role of the government in the economy rarely changes when newly elected officials take office.

Each of the following is a common role of the U.S. government in the economy EXCEPT

A ___________ gives the inventor the sole right to make, use, or sell the item for 20 years.

Local government use most of the revenue from ________ to pay for schools and local services such as police protection and community parks.

The ____________ monitors and enforces standards for water and air quality.

A contract must be written to be enforceable.

You bought a pair of shoes priced at $60. Your state has a 5 percent sales tax. How much money must the store pay to the state government as a result of this sale?

Valid, enforceable contracts must contain all of the following EXCEPT

Which of the following actions demonstrates a conflict of interest?

Which of the following is an example of a nonrenewable resource?

Federal, state and local government purchases about ____ percent of all the goods and services sold in the United States.

A ____ is an agreement to exchange goods or services for something of value, usually money.