BM: 2-2 Government and Business

When did the first official settlement in North America from a band of Englishmen occur?

• 1607

• 1776

• 1492

• 1787

What did the U.S. Constitution establish in terms of the nation's market?

• A decentralized market

• A unified market

• A monopolistic market

• A regulated market

What is the role of the FTC (Federal Trade Commission) in preventing unfair competition?

• Regulating environmental emissions

• Enforcing minimum wage laws

• Protecting workers' rights

• Breaking up monopolies

What is the purpose of the Equal Employment Opportunity Act?

• To prevent discrimination in the workplace

• To enforce minimum wage laws

• To regulate environmental emissions

• To protect workers' rights

What is the goal of the government in regulating business?

• To minimize risk to employees

• To ensure fair competition and protect individuals

• To maximize profits for businesses

• To promote monopolies

What is the economic system on which the U.S. economy was built?

• Socialism

• Communism

• Capitalism

• Fascism

What is the role of OSHA (Occupational Safety and Health Administration) in business?

• Breaking up monopolies

• Regulating environmental emissions

• Enforcing minimum wage laws

• Minimizing risk to employees

What is the purpose of HIPAA (Health Insurance Portability and Accountability Act of 1996)?

• To ensure fair competition

• To enforce minimum wage laws

• To protect healthcare privacy

• To regulate environmental emissions

What is the impact of companies focusing solely on profits without considering other factors?

• They become successful in the long run

• They fade away over time

• They create a fair and stable business environment

• They protect workers' rights

What is the purpose of zoning and licensing laws in business?

• To regulate environmental emissions

• To protect healthcare privacy

• To protect business property and restrict certain businesses

• To ensure fair competition