WorksheetsLaws, Competitive environment Edexcel business a level 2.5
Total questions: 20
Worksheet time: 8mins
Laws include : Consumer protection, Employee protection, Competition policy, Environmental protection and :
Health and wellbeing
Health and security
Health and safety
Health and happiness
Which law would be used to prevent two large firms colluding to fix prices ?
Environmental protection
Employee protection
Health and safety
Competition policy
Health and safety law protects :
employees only
employees and customers
customers only
shareholders and investors only
Safety equipment should be provided :
only if workers ask for it
only if it is affordable
only if the firm has more than 250 workers
by the employer
Which of the following relates to a radioactive hazard ?
What colour are warning signs ?
red
yellow
blue
green
The image above relates to employment law
The image above relates to competition law
The image above relates to health and safety law
The image above relates to environmental law
Competition law is used to block a takeover or merger (eg. Sainsburys / Asda) if
prices will be lower
consumers will have more choice
if will lead to more innovation
smaller competitors are disadvantaged
Employee protection law relates best to :
Herzberg's hygiene factors
Herzberg's motivators
Mayo's group norms of behaviour
Taylor's scientific management
Employment protection : What is the minimum wage in the UK for age 18-20 ?
£ 6.56
£ 8.91
£ 4.62
£ 12.04
The National Living Wage starts at age :
18
20
23
50
Can part-time workers be treated less favourably than full-time workers ?
yes
no
Redundancy pay is a right if : (select the correct answer)
you were dismissed for misconduct
your employer offers suitable alternative work
you are an employee with 1 year's service
you are an employee with 2 year's service
Under the Consumer Rights Act, you are entitled to a full refund (rather than repair) for a defective product if :
you return it to the seller within one year
you return it to the seller within six months
you return it to the seller within 30 days
you return it to the seller within 60 days
Which law specifically bans discrimination in the workplace ?
Trades descriptions act
Health and safety act
Equality act
Consumer rights act
If the market structure is dominated by a few large companies it is called :
a monopoly
perfect competition
an oligopoly
In an Oligopoly market, firms tend to use non-price competition such as : establishing a strong b (a) (one word)
A firm with a legal monopoly of 25% or more market share could be stopped from :
buying a business in an unrelated market
buying a business in its own market
growing organically (open more branches)
lowering its prices
Likely concerns about a monopoly firm (the only supplier to that market) are :
lower prices for consumers
less innovation in new products
more choice for consumers
low barriers to entry to that market
Laws affecting business are necessary to create a 'Level Playing ................'
area
field
pitch
zone
