Chapter 6 Lesson 2: Legal System at Work

Chapter 6 Lesson 2: Legal System at Work

9th Grade

34 Qs

quiz-placeholder

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Chapter 6 Lesson 2: Legal System at Work

Chapter 6 Lesson 2: Legal System at Work

Assessment

Quiz

Business

9th Grade

Hard

Created by

Steve Wills

FREE Resource

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The role of the legal system in business is to:

regulate business practices and ensure compliance with laws

increase profits for businesses

create marketing strategies

manage employee relations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following laws is designed to prevent unfair competition and corruption in business?

Sherman Act

Federal Trade Commission Act

Clayton Act

All of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Sherman Act outlaws:

monopolistic practices

environmental pollution

tax evasion

money laundering

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Antitrust laws are aimed at preventing which of the following?

Unfair price increases

Elimination of competition

Both A and B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Administrative law impacts businesses by:

Regulating business practices and ensuring compliance with laws.

Providing financial support to businesses.

Offering marketing strategies for business growth.

Creating competition among businesses.

6.

MATCH QUESTION

30 sec • 1 pt

Match the following administrative agencies with their functions:

Environmental Protection Agency (EPA)

Prevents anticompetitive, deceptive, and unfair business practices, enhancing informed consumer choice and public understanding of the competitive process.

Federal Trade Commission (FTC)

Oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud.

Securities and Exchange Commission (SEC)

Regulates business activities that relate to human health and the environment.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Trade Commission (FTC) plays a role in business regulation by:

enforcing antitrust laws and promoting consumer protection

managing monetary policy and interest rates

overseeing national defense and security

regulating environmental standards and policies

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