Social Responsibility Of Business And Government Quiz

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Social Responsibility Of Business And Government Quiz - Quiz

Practice questions for the Chapter 3 Test - Social Responsibility of Business and Government


Questions and Answers
  • 1. 

    Which of these is a benefit of socially responsible activities?

    • A.

      Upgrading to more efficient lights will increase short-term costs.

    • B.

      Giving money to support a cause will alienate potential customers who support other causes.

    • C.

      Less pollution improves quality of life for consumers as well as employees.

    • D.

      Government regulations will override any attempts at social responsibility.

    Correct Answer
    C. Less pollution improves quality of life for consumers as well as employees.
  • 2. 

    Which of these protects the creative work of authors, composers, and artists?

    • A.

      Patent

    • B.

      Trademark

    • C.

      Copyright

    • D.

      Trade secret

    Correct Answer
    C. Copyright
    Explanation
    Copyright is a form of legal protection that safeguards the creative work of authors, composers, and artists. It grants exclusive rights to the creators, allowing them to control the use and distribution of their work. This protection extends to various forms of artistic expression, such as literature, music, paintings, sculptures, and films. By obtaining a copyright, creators can prevent others from copying, distributing, or performing their work without permission, ensuring that they are recognized and rewarded for their original creations.

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  • 3. 

    Antitrust laws are aimed at

    • A.

      Preventing monopolies.

    • B.

      Preventing workers from being required to join a union.

    • C.

      Encouraging business development through favorable tax policies.

    • D.

      Reducing or removing formal trade barriers.

    Correct Answer
    A. Preventing monopolies.
    Explanation
    Antitrust laws are designed to prevent monopolies, which are situations where a single company or group dominates a particular market, giving them excessive power and control. These laws aim to promote fair competition, protect consumers, and ensure that multiple companies can operate in the market, offering a variety of choices to consumers. By preventing monopolies, antitrust laws help maintain a healthy and competitive business environment.

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  • 4. 

    Property taxes primarily fund

    • A.

      Police departments

    • B.

      Fire departments

    • C.

      Public schools

    • D.

      Public works

    Correct Answer
    C. Public schools
    Explanation
    Property taxes primarily fund public schools. Property owners are required to pay taxes on their properties, and a portion of these taxes is allocated to support the local public school system. This funding helps to cover various expenses such as teacher salaries, educational resources, facility maintenance, and other operational costs. By relying on property taxes, communities ensure that public schools have a stable source of funding to provide quality education to students.

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  • 5. 

    **THERE MAY BE MORE THAN ONE ANSWER. IF RESPONSIBILITY IS SHARED, CLICK ALL THAT APPLY** Which level(s) of government is/are responsible for regulating foreign commerce?

    • A.

      Local

    • B.

      State

    • C.

      Federal

    Correct Answer
    C. Federal
    Explanation
    The federal level of government is responsible for regulating foreign commerce. This is because foreign commerce involves trade and transactions between countries, which falls under the jurisdiction of the federal government. The federal government has the authority to establish trade policies, negotiate international trade agreements, impose tariffs and trade restrictions, and oversee the enforcement of trade regulations. Both the state and local levels of government do not have the authority to regulate foreign commerce as it is a matter of national and international significance.

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  • 6. 

    **THERE MAY BE MORE THAN ONE ANSWER. IF RESPONSIBILITY IS SHARED, CLICK ALL THAT APPLY** Which level(s) of government is/are responsible for regulating interstate commerce?

    • A.

      Local

    • B.

      State

    • C.

      Federal

    Correct Answer
    C. Federal
    Explanation
    The federal government is responsible for regulating interstate commerce because it has the authority to oversee trade and economic activities that occur between states. This includes regulating transportation, trade agreements, and ensuring fair competition in the marketplace. The local and state governments do not have the same jurisdiction over interstate commerce and instead focus on regulating commerce within their own boundaries.

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  • 7. 

    **THERE MAY BE MORE THAN ONE ANSWER. IF RESPONSIBILITY IS SHARED, CLICK ALL THAT APPLY** Which level(s) of government is/are responsible for public schools?

    • A.

      Local

    • B.

      State

    • C.

      Federal

    Correct Answer(s)
    A. Local
    B. State
    C. Federal
    Explanation
    The responsibility for public schools is shared among the local, state, and federal levels of government. Local governments are responsible for managing and funding the day-to-day operations of public schools within their jurisdiction. State governments have the authority to set education policies, standards, and curriculum guidelines, as well as allocate funding to public schools. The federal government plays a role in providing funding, resources, and oversight to ensure equal access to education and compliance with federal laws and regulations. Therefore, all three levels of government have a shared responsibility in the administration and support of public schools.

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  • 8. 

    **THERE MAY BE MORE THAN ONE ANSWER. IF RESPONSIBILITY IS SHARED, CLICK ALL THAT APPLY** Which level(s) of government is/are primarily responsible for public schools?

    • A.

      Local

    • B.

      State

    • C.

      Federal

    Correct Answer
    A. Local
    Explanation
    Local governments are primarily responsible for public schools. This is because public schools are typically funded and managed at the local level. Local governments, such as city or county governments, have the authority to establish and operate public schools within their jurisdiction. They are responsible for hiring teachers, setting curriculum standards, and managing the day-to-day operations of the schools. State and federal governments also play a role in education by providing funding and setting broad policies, but the primary responsibility lies with the local government.

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  • 9. 

    Conservation is

    • A.

      Using scarce resources responsibly.

    • B.

      Not using scarce resources.

    • C.

      Using scarce resources as fast as possible

    Correct Answer
    A. Using scarce resources responsibly.
    Explanation
    The correct answer is "using scarce resources responsibly." Conservation refers to the careful and responsible use of scarce resources, such as water, energy, or natural resources, in order to ensure their availability for future generations. It involves practices like reducing waste, recycling, and adopting sustainable methods to minimize the depletion of these limited resources. This answer aligns with the definition and principles of conservation.

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  • 10. 

    A monopoly exists when

    • A.

      One business controls the market for a product or service.

    • B.

      Many businesses share control of the market for a product or service.

    • C.

      One person owns many businesses.

    • D.

      You go directly to jail without passing Go!

    Correct Answer
    A. One business controls the market for a product or service.
    Explanation
    A monopoly exists when one business controls the market for a product or service. This means that there is no competition in the market, as the monopolistic business has exclusive control over the supply and pricing of the product or service. This can lead to higher prices, limited choices for consumers, and potentially lower quality products or services, as there is no incentive for the monopolistic business to improve or innovate.

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  • 11. 

    Ethics are

    • A.

      Doing whatever actions you can get away with.

    • B.

      Always a waste of time and money.

    • C.

      A way to prevent businesses from being successful.

    • D.

      Principles of morality or rules of conduct.

    Correct Answer
    D. Principles of morality or rules of conduct.
    Explanation
    The correct answer is "principles of morality or rules of conduct." Ethics refers to a set of principles or standards that guide individuals or organizations in making moral decisions and conducting themselves in a morally acceptable manner. It involves considering what is right and wrong, and acting in accordance with moral values and principles. Ethics play a crucial role in ensuring fairness, integrity, and accountability in various aspects of life, including business, relationships, and society as a whole.

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  • 12. 

    Which of these is NOT a function of government?

    • A.

      Regulating utilities.

    • B.

      Raising revenue.

    • C.

      Hiring private-sector workers.

    • D.

      Buying goods and services.

    Correct Answer
    C. Hiring private-sector workers.
    Explanation
    The function of government is to regulate utilities, raise revenue, and buy goods and services. However, hiring private-sector workers is not a function of government as it is typically the role of private businesses to hire employees. The government may create policies and regulations that affect the labor market, but the actual act of hiring workers is not within its primary function.

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  • 13. 

    The Equal Employment Opportunity Commission enforces

    • A.

      Antidiscrimination laws.

    • B.

      Environmental protection laws.

    • C.

      Workplace safety laws.

    • D.

      Labor standards.

    Correct Answer
    A. Antidiscrimination laws.
    Explanation
    The correct answer is antidiscrimination laws. The Equal Employment Opportunity Commission (EEOC) is responsible for enforcing laws that protect individuals from discrimination in the workplace based on factors such as race, color, religion, sex, national origin, disability, or age. The EEOC ensures that employers follow these laws and takes action against any instances of discrimination that are reported or discovered.

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  • 14. 

    The Environmental Protection Agency enforces

    • A.

      Antidiscrimination laws.

    • B.

      Environmental protection laws.

    • C.

      Workplace safety laws.

    • D.

      Labor standards.

    Correct Answer
    B. Environmental protection laws.
    Explanation
    The Environmental Protection Agency (EPA) is an agency of the United States federal government that is responsible for protecting human health and the environment. Its main objective is to enforce and regulate laws and regulations related to environmental protection. This includes laws that aim to reduce pollution, protect natural resources, and ensure the safety and health of individuals and communities. Therefore, the correct answer is environmental protection laws.

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  • 15. 

    The Occupational Safety and Health Administration enforces

    • A.

      Antidiscrimination laws.

    • B.

      Environmental protection laws.

    • C.

      Workplace safety laws.

    • D.

      Labor standards.

    Correct Answer
    C. Workplace safety laws.
    Explanation
    The correct answer is workplace safety laws. The Occupational Safety and Health Administration (OSHA) is responsible for enforcing regulations and standards that ensure safe and healthy working conditions for employees. OSHA sets guidelines for employers to follow in order to prevent workplace accidents, injuries, and illnesses. They conduct inspections, provide training and education, and enforce penalties for non-compliance with safety regulations. OSHA's main focus is on protecting workers and promoting a safe working environment.

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  • 16. 

    The National Labor Relations Board enforces

    • A.

      Antidiscrimination laws.

    • B.

      Environmental protection laws.

    • C.

      Workplace safety laws.

    • D.

      Labor standards.

    Correct Answer
    D. Labor standards.
    Explanation
    The National Labor Relations Board is responsible for enforcing labor standards. This includes ensuring that employers comply with laws related to minimum wage, overtime pay, child labor, and other labor regulations. The board also handles issues related to collective bargaining and unfair labor practices. Antidiscrimination laws, environmental protection laws, and workplace safety laws are enforced by other government agencies such as the Equal Employment Opportunity Commission, Environmental Protection Agency, and Occupational Safety and Health Administration, respectively.

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  • 17. 

    Interstate commerce takes place between

    • A.

      Businesses and people in one state.

    • B.

      Businesses and people in more than one state.

    • C.

      Businesses and people in more than one country.

    • D.

      Businesses and people in more than one star system.

    Correct Answer
    B. Businesses and people in more than one state.
    Explanation
    Interstate commerce refers to the exchange of goods, services, or information between businesses and people located in different states within a country. This type of commerce involves transactions that cross state boundaries and is subject to federal regulations. It does not involve international trade between different countries or interstellar trade between star systems. Therefore, the correct answer is businesses and people in more than one state.

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  • 18. 

    Intrastate commerce takes place between

    • A.

      Businesses and people in one state.

    • B.

      Businesses and people in more than one state.

    • C.

      Businesses and people in more than one country.

    • D.

      Businesses and people in more than one star system.

    Correct Answer
    A. Businesses and people in one state.
    Explanation
    Intrastate commerce refers to the exchange of goods and services that occurs within the boundaries of a single state. This means that the businesses and individuals involved in the commerce are located within the same state and are conducting their transactions solely within that state. The other options, such as businesses and people in more than one state, more than one country, or more than one star system, are not accurate descriptions of intrastate commerce as they involve multiple states, countries, or star systems.

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  • 19. 

    International (or foreign) commerce takes place between

    • A.

      Businesses and people in one state.

    • B.

      Businesses and people in more than one state.

    • C.

      Businesses and people in more than one country.

    • D.

      Businesses and people in more than one star system.

    Correct Answer
    C. Businesses and people in more than one country.
    Explanation
    International commerce refers to trade and economic transactions that occur between businesses and individuals in different countries. It involves the exchange of goods, services, and capital across national borders. This type of commerce is characterized by cross-border transactions and the involvement of multiple countries in the trading process. Therefore, the correct answer is "businesses and people in more than one country."

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  • 20. 

    Interstellar commerce takes place between

    • A.

      Businesses and people in one state.

    • B.

      Businesses and people in more than one state.

    • C.

      Businesses and people in more than one country.

    • D.

      Businesses and people in more than one star system.

    Correct Answer
    D. Businesses and people in more than one star system.
    Explanation
    Interstellar commerce refers to trade and economic activities that occur between businesses and people in different star systems. This indicates that the commerce is not limited to a single state, country, or even planet, but extends to multiple star systems.

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  • 21. 

    Pollution is

    • A.

      Asking what people think about a certain issue.

    • B.

      People tainting the environment with the by-products of their actions.

    • C.

      A thin column used to support things like flags.

    • D.

      A Mexican dish which includes chicken.

    Correct Answer
    B. People tainting the environment with the by-products of their actions.
    Explanation
    The correct answer is "people tainting the environment with the by-products of their actions." This answer aligns with the commonly understood definition of pollution, which refers to the contamination or degradation of the natural environment by human activities. It implies that human actions result in the release of harmful substances or waste materials into the air, water, or soil, causing harm to ecosystems, wildlife, and human health.

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  • 22. 

    Which of these government agencies collects information useful to businesses?

    • A.

      Library of Congress

    • B.

      U.S. Patent and Trademark Office

    • C.

      U.S. Census Bureau

    • D.

      Office of Management and Budget

    Correct Answer
    C. U.S. Census Bureau
    Explanation
    The U.S. Census Bureau collects information that is valuable to businesses. This agency conducts surveys and collects data on various aspects of the economy, such as population, demographics, and economic indicators. This information can be used by businesses to make informed decisions, understand market trends, and identify potential customers.

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  • 23. 

    A trademark is

    • A.

      The creative expression of an idea.

    • B.

      A new and useful device or process.

    • C.

      An obscure development that no other person or business will discover.

    • D.

      A word, letter or symbol linked with a specific company or product.

    Correct Answer
    D. A word, letter or symbol linked with a specific company or product.
    Explanation
    A trademark is a word, letter, or symbol that is associated with a particular company or product. It serves as a distinctive sign that helps consumers identify and distinguish the goods or services of one business from those of another. Trademarks play a crucial role in branding and marketing strategies, as they contribute to building brand recognition and reputation. By using a unique trademark, companies can establish their identity in the marketplace and protect their products or services from being copied or imitated by competitors.

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  • 24. 

    **THERE MAY BE MORE THAN ONE ANSWER. CLICK ALL THAT APPLY** In which type of economic system does government play a role?

    • A.

      Market

    • B.

      Command

    • C.

      Traditional

    Correct Answer(s)
    A. Market
    B. Command
    C. Traditional
    Explanation
    In a market economic system, the government plays a role by enforcing laws and regulations to ensure fair competition and protect consumer rights. They may also provide public goods and services such as infrastructure and education. In a command economic system, the government has complete control over the allocation of resources and production decisions. They determine what goods and services are produced, how they are produced, and who receives them. In a traditional economic system, the government often plays a role in preserving and enforcing traditional customs and practices related to economic activities.

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  • 25. 

    Contracts

    • A.

      Need not be accepted to be valid.

    • B.

      Must be for a product or service that is legal to be sold.

    • C.

      Must be written to be valid.

    • D.

      Can be entered into by any two U.S. citizens.

    Correct Answer
    B. Must be for a product or service that is legal to be sold.
    Explanation
    For a contract to be valid, it must involve a product or service that is legal to be sold. This means that the subject matter of the contract must not be illegal or against public policy. If the product or service being contracted is illegal, the contract would be considered void and unenforceable. Therefore, this is the correct answer as it aligns with the basic requirement for a valid contract.

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  • 26. 

    Most goods and services you use are produced by

    • A.

      Private business.

    • B.

      Government.

    • C.

      Mom.

    Correct Answer
    A. Private business.
    Explanation
    Private businesses are the primary producers of most goods and services that individuals use. Private businesses operate in a competitive market, aiming to make a profit by meeting consumer demands. They have the freedom to innovate, invest, and make decisions based on market forces. In contrast, the government's role is typically limited to providing essential services and regulating industries. While moms may contribute by providing goods or services in a household context, they do not account for the majority of production on a macroeconomic scale.

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  • 27. 

    **THERE IS MORE THAN ONE ANSWER. CLICK ALL THAT APPLY** Copyright protection lasts for

    • A.

      17 years.

    • B.

      70 years.

    • C.

      The lifetime of the copyright owner.

    • D.

      The lifetime of the copyright owner plus 70 years.

    • E.

      120 years if the owner is a company.

    • F.

      Forever.

    Correct Answer(s)
    D. The lifetime of the copyright owner plus 70 years.
    E. 120 years if the owner is a company.
    Explanation
    Copyright protection lasts for the lifetime of the copyright owner plus 70 years. Additionally, if the owner is a company, the protection lasts for 120 years.

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  • 28. 

    Sales tax is

    • A.

      Collected by the seller when goods are transferred.

    • B.

      Based on the value of real property owned.

    • C.

      Based on the value of inherited property.

    • D.

      Included as part of income tax and based on the value of the gift.

    Correct Answer
    A. Collected by the seller when goods are transferred.
    Explanation
    Sales tax is a type of tax that is collected by the seller when goods are transferred to the buyer. It is typically a percentage of the purchase price and is added to the total cost of the goods or services being sold. This tax is imposed by the government and is used to generate revenue for public services and infrastructure projects. The responsibility of collecting and remitting the sales tax falls on the seller, who is required to register with the tax authority and report the tax collected on a regular basis.

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  • 29. 

    Income tax is

    • A.

      Based on the value of items sold.

    • B.

      Progressive and based on the amount of money you earn at your job.

    • C.

      Based on the value of real property owned.

    • D.

      Based on the value of inherited property.

    Correct Answer
    B. Progressive and based on the amount of money you earn at your job.
    Explanation
    Income tax is a progressive tax because it is based on the amount of money a person earns at their job. This means that as a person's income increases, the tax rate they pay also increases. The more money someone earns, the higher percentage of their income they are required to pay in taxes. This system is designed to ensure that those who earn more contribute a larger portion of their income towards taxes, while those with lower incomes pay a smaller percentage.

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  • 30. 

    Property tax is

    • A.

      Based on the value of items transferred.

    • B.

      Collected by the national government.

    • C.

      Used primarily to fund the Postal Service.

    • D.

      Based on the value of real property owned.

    Correct Answer
    D. Based on the value of real property owned.
    Explanation
    Property tax is a tax that is levied on the value of real property owned by individuals or entities. This means that the tax amount is determined based on the assessed value of the property, such as land, buildings, or homes. The higher the value of the property, the higher the property tax that needs to be paid. This tax is usually collected by local governments and is used to fund various public services and infrastructure projects in the area, such as schools, roads, and public safety.

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  • 31. 

    The main source of of revenue for the federal government is the

    • A.

      Sales tax.

    • B.

      Corporate income tax.

    • C.

      Personal income tax.

    • D.

      Property tax.

    Correct Answer
    C. Personal income tax.
    Explanation
    The personal income tax is the main source of revenue for the federal government. This tax is levied on individuals based on their income, and it contributes a significant portion of the government's funds. It is a progressive tax, meaning that higher-income individuals pay a higher percentage of their income in taxes. This allows the government to collect more revenue from those who can afford it, helping to fund various programs and services provided by the government.

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  • 32. 

    Accommodating physically challenged employees and removing workplace barriers for racial and gender minorities are which part of social responsibility?

    • A.

      Environmental protection

    • B.

      Employee wellness

    • C.

      Job safety

    • D.

      Workplace diversity

    Correct Answer
    D. Workplace diversity
    Explanation
    Accommodating physically challenged employees and removing workplace barriers for racial and gender minorities are part of workplace diversity. Workplace diversity refers to creating an inclusive environment that values and respects individuals from different backgrounds, including race, gender, and physical abilities. By promoting workplace diversity, organizations demonstrate their commitment to equal opportunities and fair treatment for all employees, regardless of their characteristics or circumstances.

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  • 33. 

    Under current laws and EEOC regulations, members of which group can be discriminated against based on the group's characteristics?

    • A.

      Racial minorities

    • B.

      Homosexuals

    • C.

      Women

    • D.

      Workers more than 40 years old

    Correct Answer
    B. Homosexuals
    Explanation
    Under current laws and EEOC regulations, it is illegal to discriminate against individuals based on their race, gender, age, or sexual orientation. However, the question asks which group can be discriminated against, and the correct answer is homosexuals. This means that, unfortunately, despite the progress made in many areas, there are still no federal laws explicitly protecting individuals from discrimination based on their sexual orientation.

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  • 34. 

    The sole right of an inventor to make, use or sell a novel and useful item is protected by 17 years under which kind of protection?

    • A.

      Trade secret

    • B.

      Copyright

    • C.

      Patent

    • D.

      Trademark

    Correct Answer
    C. Patent
    Explanation
    A patent is a legal protection that grants the sole right to an inventor to make, use, or sell a novel and useful item for a period of 17 years. This protection ensures that others cannot copy or profit from the invention without the inventor's permission. Trade secret refers to confidential business information, copyright protects original works of authorship, and trademark safeguards brand names and logos. However, only a patent provides the specific rights mentioned in the question.

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  • 35. 

    The largest employer in the US economy is

    • A.

      McDonald's.

    • B.

      Government.

    • C.

      Microsoft.

    • D.

      General Motors.

    • E.

      Wal-Mart.

    Correct Answer
    B. Government.
    Explanation
    The correct answer is government. The largest employer in the US economy is the government, as it employs a significant number of people in various sectors such as education, healthcare, defense, and public administration. This includes federal, state, and local government employees. While companies like McDonald's, Microsoft, General Motors, and Wal-Mart are also major employers, they do not employ as many people as the government does.

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  • 36. 

    An agreement to exchange goods or services for something of value is called

    • A.

      A sale.

    • B.

      A contract.

    • C.

      A bill of goods.

    Correct Answer
    B. A contract.
    Explanation
    An agreement to exchange goods or services for something of value is called a contract. A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their exchange. It establishes the rights and obligations of each party and provides a clear understanding of what is expected from both sides. In this case, a contract would be the appropriate term to describe the agreement to exchange goods or services for something of value.

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  • 37. 

    The Americans with Disabilities Act requires employers to make ____ accommodations for physically challenged employees and applicant/

    • A.

      Necessary

    • B.

      Minimum

    • C.

      Reasonable

    • D.

      Comfortable

    Correct Answer
    C. Reasonable
    Explanation
    The Americans with Disabilities Act requires employers to make accommodations for physically challenged employees and applicants that are reasonable. This means that the accommodations should be practical and feasible, taking into consideration the specific needs and limitations of the individual. The employer is not required to make accommodations that would cause undue hardship or significant difficulty. The term "reasonable" implies that the accommodations should be fair and appropriate, ensuring that individuals with disabilities have equal opportunities in the workplace.

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  • Current Version
  • Sep 06, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 09, 2012
    Quiz Created by
    MarkowitzS
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