The role of the legal system in business is to:
Chapter 6 Lesson 2: Legal System at Work

Quiz
•
Business
•
9th Grade
•
Hard

Steve Wills
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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