Government and Business Regulations Quiz

What is the purpose of government involvement in business?

• To increase competition

• To protect consumers and investors

• To control business operations

• To reduce taxes

What is the role of regulatory agencies in business?

• To promote business expansion

• To provide financial support

• To monitor business compliance with laws

• To set business prices

What is the purpose of licensing in business regulation?

• To increase business competition

• To ensure business compliance with laws

• To control business operations

• To reduce government intervention

What are the effects of regulatory laws on businesses?

• Increased efficiency

• Decreased protection

• Access to resources

• Clear rules to follow

What are the negative effects of government regulation on businesses?

• Access to resources

• Clear rules to follow

• Increased efficiency

• Decreased protection

What is the purpose of zoning laws in business regulation?

• To promote business expansion

• To control business operations

• To ensure business compliance with laws

• To regulate business location

What is the purpose of price/wage controls in business regulation?

• To promote business expansion

• To ensure fair pricing and wages

• To reduce government intervention

• To increase business competition

What are the costs of government regulation on businesses?

• Access to resources

• Decreased protection

• Expensive and inefficient

• Increased efficiency