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WorksheetsGovernment and Business
Total questions: 15
Worksheet time: 8mins
Which of the following was one of government’s original roles in business:
Regulating technology
Settling disputes and enforcing contracts
Ensuring a business’s profitability
Protecting the environment
One way in which government protects business property is to provide
Federal Reserve Banks.
Local governmental programs.
Patents or copyrights.
Fire insurance policies.
Why does government set and collect taxes?
To increase the use of technology
To help pay the expenses of government
To provide economic security
To help businesses grow and prosper
What is the purpose of government regulation of business activities that might cause air or water pollution?
To protect competition
To provide public goods
To stabilize the economy
To conserve the environment
Which of the following is a public good that is provided by government:
Private schools
Marketing research
New automobiles
Interstate highways
Government tries to protect competition by
Controlling the prices of products.
Restricting the production of certain products.
Regulating monopolies.
Setting the minimum wage
OSHA's purpose is to:
Provide public goods
Protect public welfare
To stabilize the economy
To regulate workplace conditions
Water treatment plants and garbage service are two examples of:
To conserve the environment
To protect competition
To protect consumers and investors
To protect business property
Special loan programs or tax breaks for farmers who produce peanuts is which of the following:
To protect competition
To protect specific businesses
Setting fiscal policy
To protect consumers and investors
Which of the following agencies' purpose is to protect business property?
OSHA
Consumer Product Safety Commission
US Patent and Trademark Office
US Department of Agriculture
When the government gives a permit for a business to operate, it is called a ______.
Certificate
License
Regulation
True or False: The government frequently uses price and wage controls.
True
False
Because businesses cannot provide everything we need according to the laws of supply and demand, the government must:
Protect competition
Provide public goods
Protect public welfare
Stabilize the economy
Laws against false advertising, deceptive labeling, and the Sarbanes-Oxley Act are all examples of?
Protecting consumers and investors
Protecting consumers and investors
Regulating workplace conditions
Protecting the environment
Monetary policy (how much money is in circulation) and fiscal policy (government spending and taxation) are part of
Providing public goods
Protecting competition
Stabilizing the economy
Protecting public health
