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The Role Of Government In Business Flashcards | StudBud
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The Role Of Government In Business
The Role Of Government In Business
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The Role of Government in Business
Flashcards
18 cards
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Questions
18
Answers
1
What is a Monopoly?
When a small number of companies control the market.
Company that controls an entire industry.
When companies compete with each other.
Industries go bankrupt and try to stay afloat.
2
An Oligopoly is when a small number of companies control the market without forming trust.
False
True
3
Which is an example of a Trademark?
All of the above
Kellog's Rice Krispies Treats
VISA
Lay's Doritos
4
What is a trademark?
A brand name
A brand copying another brand
An invention that's already been done
5
What did the Antitrust Laws do?
Give less power to the Govt.
Build Bank Trust.
Regulate Trade
Allow Govt. To breakup Monopolies, take them over.
6
What does the Government do for Public Services?
Provides services to the public as a whole for society
Regulate trade
Make laws
Give out money
7
What are the 3 different levels of Government?
Federal, legislative, supreme
I don't know
State, house of Representatives, federal
Federal, state, and local.
8
What is a contract?
Legal agreement between two or more parties.
ANY agreement between two parties.
9
What is the single largest employer in the country?
The Government
The President
A local business
Major Business
10
What is one aspect of the economy that the Government regulates?
Lawsuits
Production of goods and services
Protecting Business Agreements
Buildings
11
What does the " SBA" stand for?
I don't know
Small Business Association
Short Business Activity
Small Business Administration
12
Define a patent
Gives you the sole right to own an invention
Gives you the right to own anything
Gives you the right to make things
13
Where does the Government's funds come from?
Printed money
Taxes that people and businesses pay
Themselves
14
How many people are employed by the Federal Government?
3 Million
5 Million
50 Million
20 Million
15
What is the Difference between Interstate and Intrastate Commerce?
State Government focuses on Intrastate, federal doesn't
Intrastate has to deal with The Federal Government
State governments focus on Interstate Commerce
Interstate doesn't matter
16
Why did the government create traffic laws?
To create businesses
To protect drivers & courts to protect the rights of drivers
To regulate trade
17
When does a breach of contract occur?
Protection of business Development.
Failing to reach an agreement.
When one party fails to live up to the terms of the contract
Not agreeing to the contract.
18
The money the government takes in is called_
Business
Profit
Revenue
I don't know
