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Business
8th -
11thgrade
Chapter 4 Social Responsibility and Government
31 questions
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- 1. Multiple Choice
All of the following are nonrenewable resources EXCEPT
oil
gas
lumber
coal
- 2. Fill in the Blank
Saving scarce natural resources is called _____.
- 3. Fill in the Blank
When the by-products of human actions taint the environment, _____ occurs.
- 4. Multiple Choice
The Age Discrimination in Employment Act protects all persons aged _____ from employers who attempt to use age as a basis for employment decisions.
30
40
50
60
- 5. Fill in the Blank
In the US, work safety standards are regulated and enforced by the _____ Safety and Health Administration.
- 6. Multiple Choice
_____ are principles of morality or rules of conduct.
Customs
Traditions
Cultures
Ethics
- 7. Fill in the Blank
Business _____ are rules about how businesses and their employees ought to behave.
- 8. Fill in the Blank
A(n) _____ of interest occurs when an action by a company or individual results in an unfair benefit.
- 9. Multiple Choice
If a company has a code of ethics, the company will more easily be able to identify proper employee behavior.
True
False
- 10. Multiple Choice
Which of the following would NOT be a public utility?
a gas station
a telephone company
a water works
an electric company
- 11. Multiple Choice
Suppose one company owned all of the grocery stores in your state. This situation would constitute a(n)
monopoly
union
competitive environment
cartel
- 12. Multiple Choice
Antitrust laws protect consumers from all the following EXCEPT
false advertising
deceptive packaging
public utilities
misleading labeling
- 13. Fill in the Blank
A public _____ is an organization that supplies a service or product vital to all people.
- 14. Fill in the Blank
A(n) _____ exists when a business has control of the market for a product or service.
- 15. Fill in the Blank
Government income is called ______.
- 16. Multiple Choice
In the US, total government purchases of goods and services make up about _____ percent of all the goods and services the country produces.
12
32
50
75
- 17. Multiple Choice
About how many American workers are public employees?
9 percent
16 percent
22 percent
29 percent
- 18. Multiple Choice
The largest source of revenue for the federal government is the _____.
inheritance tax
luxury tax
corporate income tax
individual income tax
- 19. Multiple Choice
Property tax revenue is used to pay for all the following EXCEPT
schools
police protection
Medicare and Medicaid
community parks
- 20. Fill in the Blank
A tax that is based on the value of land and buildings is a(n) _____ tax.
- 21. Multiple Choice
A state or local tax on goods and services that is collected by the seller is called a
sales tax.
income tax.
property tax.
gift tax.
- 22. Multiple Choice
The government borrows money by selling
stock
bonds
promissory notes.
all of the above
- 23. Multiple Choice
Government is mainly concerned with all the following roles EXCEPT
making a profit
regulating utilities
hiring public employees
providing services to citizens
- 24. Multiple Choice
In the US, police and fire protection is usually provided by
the federal government.
the state government.
the local government.
large corporations.
- 25. Fill in the Blank
Business dealings involving companies in more than one state is _____ commerce.
- 26. Fill in the Blank
A(n) _____ is an agreement to exchange goods or services for something of value.
- 27. Fill in the Blank
A(n) _____ protects the creative work of authors, composers, and artists.
- 28. Multiple Choice
A patent gives an inventor of a new product the sole right to make, use, or sell the item for
7 years,
20 years.
25 years.
50 years.
- 29. Multiple Choice
Which of the following is a copyright symbol?
©
®
™
☣
- 30. Fill in the Blank
A word, letter, or symbol linked with a specific company or product is a(n) _____.
- 31. Fill in the Blank
A valid contract must contain _____; an offer must be made, and an acceptance must occur.
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