Business Law vocab

Which of the following Is the U.S. court system?

• Judicial Branch

• Legislative Branch

• Executive Branch

Removal or relaxation of the rules affecting businesses within certain industries is which of the following?

• Deregulation

• Regulation

Which of the following includes the two houses of Congress?

• Judicial Branch

• Executive Branch

• Legislative Branch

Paid by businesses on land, structures and other property they own is which of the following?

• Corporate Income Taxes

• Personal income tax

• Property Taxes

• Graduated Taxes

Branch of the government which is headed by the U.S. President is which of the following?

• Judicial Branch

• Legislative Branch

• Executive Branch

“import taxes”; fees imposed on goods brought into the country; designed to

protect U.S. businesses against foreign competition; raise the price of imports

to a level comparable to the price of domestic merchandise is which of the following?

• Custom Duties

• Excise Taxes

• Sales Taxes

• Property Taxes

Laws that are written by the legislative branch is which of the following?

• Statutory Law

• Common Law

• Administrative Law

Provides low-cost loans, advice and other assistance to small businesses is which of the following?

• Deregulation

• Regulation

• Environmental Protection Agency

• Small Business Administration

Designed to control potentially harmful practices; are automatically included in

the price; produce income which must be used for a purpose related to a tax is which of the following?

• Excise Taxes

• Sales Taxes

• Customs Duties

Which of the following are added to the price of goods and services at the time of purchase?

• Sales Taxes

• Excise Taxes

• Property Taxes

• Custom Duties