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WorksheetsChapter 11.3- Multiple Choice
Total questions: 16
Worksheet time: 11mins
Which act forbids a business to require buyers to purchase other goods in order to get the product they want from that business?
Clayton Act
Robinson Act
Sherman Act
Federal Power Act
Which act outlaws unfair practices, such as false advertising?
Sherman Act
Clayton Act
Robinson-Patman Act
Wheeler Act
Selling tires at $40 each to one buyer and $43 each to another buyer is prohibited by the
Wheeler-Lea Act
Sherman Act
FTC ACT
Robinson-Patman ACt
The practice that allows a business to sell its assets to pay its debts is called
Joint Venture
Alliance
Bankcruptcy
Consolidation
When a business files for bankruptcy, what does the law allow when cash is not available to pay the debts after assets are sold?
The law excuses the business from paying all the remaining unpaid debts.
The law excuses the business from paying some of the remaining unpaid debts.
The law requires paying all creditors the full amount owed.
The law requires paying all creditors a portion of the debt, depending upon the reason for the debt.
Which statement is true about patents?
Japan’s patents
protect inventors as well as promote technology sharing
U.S. patents protect
inventors as well as promote technology sharing.
Japan’s patents do not
promote technology sharing, and U.S. patents do not protect inventors.
Japan’s patents
promote technology sharing, but U.S. patents protect inventors.
A patent can be considered a
A temporary Monopoly
Permanent Monopoly
Fair-use takers
Protection Against recall
For how many years does the federal government grant an author the sole right to reproduce, publish, and sell literary or artistic work?
For the entire life of the author
For the life of the author plus 70 years.
25 Years
10 Years
A trademark provides legal protection for
An authors work
A new product or invention
a licence
A business name or symbol
FDA laws prohibit the sale of food that
Makes health claims
Carriers no expiration date
Has not been washed
is incorrectly labeled
Regulations that identify where specific types of businesses can be located are known as
Building Codes
Zoning
Franchise
Licensing
Which of these companies would MOST likely operate as a natural monopoly?
A coffee shop
A taxi service
A cell phone provider
A natural gas company
The Nike “swoosh” is a trademark.
True
False
Businesses are required by law to recall, repair, or stop selling defective products.
True
False
If a customer is refused a loan because a store gave an incorrect credit balance to a bank, the bank is as liable as the store that provided the incorrect information.
True
False
Explain what a tax bracket is?
