Regulation of Specific Business Activities

What is the primary source of authority for the US federal government to regulate activities?

• The Commerce Clause

• The Declaration of Independence

• The Bill of Rights

• The Articles of Confederation

Which of the following is NOT a purpose of creating regulations in the US?

• Ensuring public safety

• Harming the environment

• Protecting individual rights

• Checking governmental power

What role do administrative agencies play in the regulatory process?

• They create, interpret, and enforce regulations

• They only create regulations

• They only enforce regulations

• They only interpret regulations

Which area of business practice is directly related to consumer protection laws?

• Manufacturing

• Marketing and advertising

• Supply chain management

• Research and development

What is the focus of environmental regulations in business practices?

• Protecting the natural environment

• Increasing profits

• Enhancing product quality

• Expanding market share

What expectation do individuals have under the US Constitution regarding privacy?

• Privacy only in public spaces

• Limited privacy only at home

• Expectation of privacy, including in the workplace

• No expectation of privacy

Why is taxation important in the regulatory framework?

• To eliminate competition

• To fund government functions

• To discourage business activities

• To increase consumer prices