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Entrepreneurship - Chapter 08 Activity

AB
The federal agency that monitors product safety for items such as cosmetics, food items, and suntan lotions is theFood and Drug Administration
The act that says that all employers must pay men and women the same wage for the same work is theEqual Pay Act
A percentage of the price of an item that goes to a state or local government is asales tax
A warranty that assures the buyer that the product purchased is of at least average quality and fit for the purpose for which it was intended is a(n)warranty of merchantability
The law that established a minimum wage and maximum working hours is theFair Labor Standards Act
Which of the following terms means that you are legally able to enter into a binding agreement?capacity
The act that requires those who give credit to reveal all the terms and conditions of their credit agreements is theConsumer Credit Protection Act
A binding legal agreement or promise to do something is acontract
One of the payroll taxes employers must deduct from employee earnings is the ____________________.FICA
A(n) ____________________ is a word, symbol, design, or combination of these that a business uses to identify itself or something it sells.trademark
The _________________________ prohibits businesses from selling the same product to different people at different prices.Robinson-Patman Act
The _________________________ requires that manufacturers truthfully label all raw materials used in the production of products.Fair Packaging and Labeling Act
____________________ was formed to ensure that employees have safe and healthy working conditions.OSHA
Before an entrepreneur can open the doors of a business, he or she must get a(n) ____________________ from the local government.business permit
Employees can file a(n) ____________________ lawsuit against their employers.wrongful termination
An intellectual work in the ____________________ can be used by anyone free of charge.public domain
a grant to an inventor that gives him or her the exclusive right to produce and sell an inventionpatent
intellectual property whose protection has expiredpublic domain
advertising that uses a bargain-priced item to lure potential customers into a storebait-and-switch advertising
a contract to use a facility or equipment for a specified period of timelease
act designed to provide help to workers who are temporarily unemployedFUTA
an invention between the time a patent application has been filed and when it is issued or rejectedpatent pending
charged with protecting the rights of employeesEEOC
person who is leasing a building or equipmentlessee


Business Education Teacher
Clinton-Graceville-Beardsley Schools

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