Social Responsibility Of Business And Government Quiz

37 Questions | By MarkowitzS | Last updated: Mar 21, 2022 | Total Attempts: 176

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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.
2.

Which of these protects the creative work of authors, composers, and artists?
- A.
  
  Patent
- B.
  
  Trademark
- C.
  
  Copyright
- D.
  
  Trade secret
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.
4.

Property taxes primarily fund
- A.
  
  Police departments
- B.
  
  Fire departments
- C.
  
  Public schools
- D.
  
  Public works
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
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
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
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
9.

Conservation is
- A.
  
  Using scarce resources responsibly.
- B.
  
  Not using scarce resources.
- C.
  
  Using scarce resources as fast as possible
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!
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.
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.
13.

The Equal Employment Opportunity Commission enforces
- A.
  
  Antidiscrimination laws.
- B.
  
  Environmental protection laws.
- C.
  
  Workplace safety laws.
- D.
  
  Labor standards.
14.

The Environmental Protection Agency enforces
- A.
  
  Antidiscrimination laws.
- B.
  
  Environmental protection laws.
- C.
  
  Workplace safety laws.
- D.
  
  Labor standards.
15.

The Occupational Safety and Health Administration enforces
- A.
  
  Antidiscrimination laws.
- B.
  
  Environmental protection laws.
- C.
  
  Workplace safety laws.
- D.
  
  Labor standards.
16.

The National Labor Relations Board enforces
- A.
  
  Antidiscrimination laws.
- B.
  
  Environmental protection laws.
- C.
  
  Workplace safety laws.
- D.
  
  Labor standards.
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.
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.
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.
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.
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.
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
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.
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
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.