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Regulation and Businesses Flashcards | StudBud
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Regulation and Businesses
Regulation and Businesses
20 terms
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StudBud Administration
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15 questions about businesses and regulatory agencies
Flashcards
20 cards
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Questions
20
Answers
1
What are two things that consumers have that businesses depend on?
products and money
jobs and products
labor and money
expenditures and income
2
What type of business has one owner who controls all decision making of the business?
Partnership
Sole Proprietorship
Corporation
3
Which type of business has limited life?
All businesses
partnership
corporation
sole proprietorship
4
Which type of business is the most common in America?
Sole Proprietorship
Partnership
None of the above
Corporation
5
What can a corporation sell that will allow it to raise financial capital?
stocks
physical capital
human capital
merchandise
6
Educational training of employees will lead to an increase in which of the following?
human capital
physical capital
labor
financial capital
7
The economic systems that don't allow economic freedom are __________________.
Socialist and Command
Traditional and Capitalist
Traditional and Command
Capitalist and Socialist
8
Which agency recalls products that are harmful to consumers?
FCC
EPA
CPSC
FDA
9
Which regulatory agency is responsible for protecting the air and environment?
FDA
FCC
FAA
EPA
10
What is the greatest advantage to being incorporated?
Franchise potential
limited liability
Stock sales
unlimited liability
11
Which type of business allows the owner to keep all the profit but pay all of the bills?
partnership
all of the above
sole proprietorship
corporation
12
Businesses rely on consumers. Consumers rely on businesses. This is an example of ________?
unattainability
scarcity
inefficiency
interdependence
13
Which agency is responsible for regulating what we see and hear on tv and radio?
TDA
CPSC
FCC
EPA
14
Who has been affected by government regulations during the COVID Pandemic?
Businesses
Every part of our society and we're so ready for things to get better!
Families
Schools
15
Because Americans pay taxes to the government which of the following do all Americans receive?
subsidies
public goods and services
tax breaks
goods and services
16
The economic systems that allow private property ownership are _______________.
Capitalist and Socialist
Traditional and Command
Traditional and Socialist
Command and Capitalist
17
Which of the following does NOT lead to an increase in production?
Specialization
Division of labor
Lack of human capital
Assembly Line
18
What are two things that businesses have that consumers depend on?
labor and money
jobs and products
products and labor
physical capital and money
19
Having the ability to choose your own career is known as ________________.
Voluntary Exchange
Economic Freedom
Profit Motive
Private Property Ownership
20
Freely buying and selling goods is known as __________________________.
Private Property Ownership
Voluntary Exchange
Profit Motive
Economic Freedom