
Chapter 4 Principles of Business
Flashcard
•
Business
•
8th - 12th Grade
•
Practice Problem
•
Easy
Wayground Content
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52 questions
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1.
FLASHCARD QUESTION
Front
To be valid and enforceable, contracts must be in writing and signed by both parties.
Back
False
2.
FLASHCARD QUESTION
Front
A logo is a trademark linked with a specific company or product.
Back
True
3.
FLASHCARD QUESTION
Front
The Age Discrimination in Employment Act protects people once they reach age 65.
Back
False
4.
FLASHCARD QUESTION
Front
Intrastate commerce involves companies doing business in only one state.
Back
True
5.
FLASHCARD QUESTION
Front
When a business controls the market for a product or service, it has a monopoly.
Back
True
6.
FLASHCARD QUESTION
Front
Is Wal-Mart the single largest employer in the United States?
Back
False
7.
FLASHCARD QUESTION
Front
The government's sole (only) source of income is taxes, such as income, property, and sales taxes.
Back
False
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