| A | B |
|---|
| A renewable resource is | lumber |
| The Age Discrimination in Employment Act protects all persons aged ____ and older from employers who attempt to use age as a basis for employment decisions. | 40 |
| ____ are principles of morality or rules of conduct. | ethics |
| If a company has a code of ethics, | the company will more easily be able to identify proper employee behavior. |
| Which question should you NOT ask yourself when considering the ethics of a business situation? | Can I get away with this action? |
| Government is mainly concerned with all of the following roles EXCEPT | making a profit. |
| In the United States, police and fire protection is usually provided by | the local government. |
| Valid, enforceable contracts must contain consideration, which is defined as | something of measurable value that must be exchanged by the parties involved. |
| A patent gives an inventor of a new product the sole right to make, use, or sell the item for | 20 years. |
| Which of the following is a way the United States government gets involved in business activities? | It attempts to prevent unfair business practices. |
| Which of the following would NOT be considered a utility company? | a gas station |
| Suppose one company owned all of the grocery stores in your state. This situation would constitute a(n) | monopoly. |
| Antitrust laws protect consumers from all of the following EXCEPT | products becoming outdated too quickly. |
| In the United States, total government purchases of goods and services make up about ____ percent of all the goods and services the country produces. | 20 |
| About how many American workers are public employees? | 16 percent |
| The largest source of revenue for the federal government is the | individual income tax. |
| Property tax revenue is used to pay for all of the following EXCEPT | Medicare and Medicaid. |
| A state or local tax on goods and services that is collected by the seller is called a | sales tax. |
| Governments borrow money by selling | bonds |
| The major challenge facing businesses today involves learning how to manage a workforce made up of the diverse cultures in society. | true |
| Government plays a role in all economic systems. | true |
| All written contracts are legal. | false |
| If you write an original song, your work cannot be protected with a copyright. | false |
