Intro to Business Ch4

All of the following are examples of non-renewable resources except

• oil
• gas
• lumber
• coal

The Age Discrimination Act protects all persons aged ___ and older from employers who attempt to use the age as a basis for employment decisions.

• 30
• 40
• 50
• 60

____ are principles of morality or rules of conduct.

• Customs
• Traditions
• Cultures
• Ethics

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

• 7 years
• 20 years
• 25 years
• 30 years

Suppose one company owned all of the grocery stores in your state.  This situation would constitue a(n)

• monopoly
• union
• competitive environment
• cartel

Antitrust laws protect consumers from all of the following EXCEPT

• false advertising
• deceptive packaging
• products becoming outdated too quickly
• misleading labeling

Governments borrow money by selling

• stock
• bonds
• promissory notes

A public ____ is an organization that supplies a service or product vital to all people.

• business
• entity
• utility

Antitrust laws are designed to

• reduce utility rates
• lower taxes
• create more jobs
• maintain competition

Business dealings involving companies in more than one state is _______ commerce.

• intrastate
• multiple
• interstate
• organizational