Intro to Business - Chapter 4

Government is mainly concerned with all of the following roles EXCEPT

A public utility company is a company that is owned by government.

Saving scarce natural resources is called

Which of the following is a way the U.S. government gets involved in business activities?

Which of the following is a copyright symbol?

Suppose one company owned all of the grocery stores in your state. This would be a

Government is the single largest employer of the U.S. economy.

Antitrust laws protect consumers from all of the following EXCEPT

If you write an original song, your work can be protected with a copyright.

Information the government collects in a census can help a business decide where customers live

A patent gives an inventor a new product the sole right to make, use, or sell the item for

?? are principles of morality or rules of conduct.

A word, letter, or symbol linked with a specific company or product is a(n) ??

Business dealing involving companies in more than one state is ?? commerce

Valid, enforceable contracts must contain consideration, which is

Socially responsible actions benefit employees and community while costing the company nothing.

Property tax revenue is used to pay for all of the following EXCEPT

Business ?? are rules about how businesses and their employees out to behave

All written contracts are legal.

The largest source of revenue for the federal government is the

A (n) ?? protects the creative work of authors, composers, and artists.

When the by-products of human actions taint the environment, ?? occurs

Government plays a role in all economic systems.

Governments borrow money by selling

A(n) ?? is an agreement to exchange goods or services for something of value.

Which question should you NOT ask yourself when considering an ethical situation?

Top management has little impact on the ethical conduct of a business.

If a company has a code of ethics,

All of the following are non-renewable resources EXCEPT

A state or local tax on goods and services that is collected by the seller is called a

The major challenge facing businesses today involves learning how to manage diverse cultures.

In the U.S., police and fire protection is usually provided by

A public ?? is an organization that supplies a service or product that is vital to all people.

Which of the following would NOT be considered a utility company?

A ?? of interest occurs when an action by a company or individual results in an unfair benefit