WorksheetsChapter 4 Social Responsibility and Government
Total questions: 31
Worksheet time: 22mins
All of the following are nonrenewable resources EXCEPT
oil
gas
lumber
coal
Saving scarce natural resources is called (a) .
When the by-products of human actions taint the environment, (a) occurs.
The Age Discrimination in Employment Act protects all persons aged _____ from employers who attempt to use age as a basis for employment decisions.
30
40
50
60
In the US, work safety standards are regulated and enforced by the (a) Safety and Health Administration.
_____ are principles of morality or rules of conduct.
Customs
Traditions
Cultures
Ethics
Business (a) are rules about how businesses and their employees ought to behave.
A(n) (a) of interest occurs when an action by a company or individual results in an unfair benefit.
If a company has a code of ethics, the company will more easily be able to identify proper employee behavior.
True
False
Which of the following would NOT be a public utility?
a gas station
a telephone company
a water works
an electric company
Suppose one company owned all of the grocery stores in your state. This situation would constitute a(n)
monopoly
union
competitive environment
cartel
Antitrust laws protect consumers from all the following EXCEPT
false advertising
deceptive packaging
public utilities
misleading labeling
A public (a) is an organization that supplies a service or product vital to all people.
A(n) (a) exists when a business has control of the market for a product or service.
Government income is called (a) .
In the US, total government purchases of goods and services make up about _____ percent of all the goods and services the country produces.
12
32
50
75
About how many American workers are public employees?
9 percent
16 percent
22 percent
29 percent
The largest source of revenue for the federal government is the _____.
inheritance tax
luxury tax
corporate income tax
individual income tax
Property tax revenue is used to pay for all the following EXCEPT
schools
police protection
Medicare and Medicaid
community parks
A tax that is based on the value of land and buildings is a(n) (a) tax.
A state or local tax on goods and services that is collected by the seller is called a
sales tax.
income tax.
property tax.
gift tax.
The government borrows money by selling
stock
bonds
promissory notes.
all of the above
Government is mainly concerned with all the following roles EXCEPT
making a profit
regulating utilities
hiring public employees
providing services to citizens
In the US, police and fire protection is usually provided by
the federal government.
the state government.
the local government.
large corporations.
Business dealings involving companies in more than one state is (a) commerce.
A(n) (a) is an agreement to exchange goods or services for something of value.
A(n) (a) protects the creative work of authors, composers, and artists.
A patent gives an inventor of a new product the sole right to make, use, or sell the item for
7 years,
20 years.
25 years.
50 years.
Which of the following is a copyright symbol?
©
®
™
☣
A word, letter, or symbol linked with a specific company or product is a(n) (a) .
A valid contract must contain (a) ; an offer must be made, and an acceptance must occur.
