Intro to Business - Chapter 4

Front

All of the following are non-renewable resources EXCEPT: Oil, Gas, Lumber, Coal

Back

Lumber

Front

Principles of morality or rules of conduct.

Back

Ethics

Front

A patent gives an inventor of a new product the sole right to make, use, or sell the item for:

Back

20 years

Front

In the United States, police and fire protection is usually provided by: the federal government, the state government, the local government, large corporations

Back

the local government

Front

Which questions should you NOT ask yourself when considering the ethics of a business situation? Options: Is the action legal? Does the action violate professional standards? Who is affected by the action? Can I get away with this action?

Back

Can I get away with this action?

Front

Government is mainly concerned with all of the following roles EXCEPT: making a profit, regulating utilities, hiring public employees, providing services to citizens

Back

making a profit

Front

Which of the following would NOT be considered a utility company? A gas station, A cable TV company, Water works company, An electric company

Back

A gas station

Front

Suppose one company owned all of the grocery stores in your state. This situation would be a:

Back

Monopoly

Front

Antitrust laws protect consumers from all of the following EXCEPT: False Advertising, Deceptive Packaging, Misleading Labeling

Back

Products becoming outdated too quickly

Front

A state or local tax on goods and services that is collected by the seller is called a:

Back

Sales Tax