3.7.4 Legal and Political change

What is the European Single Market?

• A market where only European goods are sold.

• A market where there are no trade barriers between member states.

• A market where only agricultural products are traded.

• A market exclusive to non-EU countries.

What does fair competition mean for companies?

• Companies can set any price they want.

• Companies must provide good quality products for reasonable prices.

• Companies can monopolize the market.

• Companies can ignore consumer rights.

What is one of the laws that protect the community and the environment?

• The Law of Supply and Demand

• The EU directive on Waste Electrical and Electronic Equipment (WEEE)

• The Law of Diminishing Returns

• The Law of Comparative Advantage

What is an example of abusing a dominant position in the market?

• Offering discounts to loyal customers.

• Selling products at a loss to drive competitors out of the market.

• Expanding product lines to meet consumer demand.

• Investing in research and development.

Which law requires businesses to label their products clearly?

• The Trade Descriptions Act (1968)

• The Sale of Goods Act (1979)

• The Data Protection Act (1998)

• The Consumer Protection Act (1987)

What is the purpose of the Data Protection Act (1998)?

• To ensure products are safe for consumers.

• To prevent businesses from misleading consumers.

• To stop businesses from holding onto customer data they don’t need.

• To regulate the prices of goods and services.

What is the main purpose of the Equality Act 2010?

• To ensure employees receive the minimum wage

• To protect employees from discrimination based on age, gender, race, religion, disability, pregnancy, etc.

• To provide employees with paid parental leave

• To set the conditions of employment contracts

Which of the following is an example of direct discrimination?

• Treating someone less favorably because they have a protected characteristic

• Implementing a policy that applies to everyone but disadvantages a particular group

• Providing reasonable adjustments for workers with disabilities

• Offering flexible working hours to parents

What is the National Living Wage?

• The minimum wage for workers aged 25 and over

• The minimum wage for workers aged 21 and over

• The minimum wage for workers aged 18 and over

• The minimum wage for workers aged 16 and over

What must employers do if they need to make redundancies?

• They can choose to dismiss older employees first

• They must ensure the process is fair and not based on age

• They can dismiss employees without any notice

• They must provide employees with a pay raise