The Role of Government in Business

Front

When the federal govt focuses on business that takes place across all states it is:

Back

Interstate Commerce

Front

When the state govt focus on business within each state it is:

Back

Intrastate Commerce

Front

When a small number of companies control the market without actually forming a trust it is:

Back

Oligopoly

Front

A company that controls an entire industry is a: Oligopoly, Monopoly, Trust, Antitrust Laws

Back

Monopoly

Front

An agreement not to compete with rival companies is a:

Back

Trust

Front

This allows the govt to break up monopolies, regulate them, or take them over:

Back

Antitrust Laws

Front

A legal agreement between two or more parties to conduct business is a:

Back

Contract

Front

When one party fails to live up to the terms of a contract it is a:

Back

Breach of Contract

Front

Contracts can be written, verbal, or a handshake.

Back

True

Front

A _____ gives artists sole right to own their creations and will last 70 years after the death of the artist.

Back

Copyright