Regulation/Monopoly/Revenue is defined as the government requiring businesses to perform specific procedures.
answer
Regulation
question
What must businesses do in order to meet legal and financial regulations?
report their revenue and earnings to the government
disclose information about sales with the media
report details of advertising revenue to managers
disclose product details to the competition
answer
report their revenue and earnings to the government
question
Which of these laws was created in order to directly protect consumers?
pollution laws
product safety laws
wage laws
equal opportunity laws
answer
product safety laws
question
In a mixed-market economy, the government regulates business only when necessary/on a regular basis/as often as possible.
answer
only when necessary
question
What are the roles of the FCC in the US? Check all that apply.
regulating the country's communications infrastructure
ensuring communication technology is compatible with existing technology
establishing safety standards for pesticides and other chemicals
assigning frequencies to television, radio, cable, and satellite providers
bringing civil suits against individuals or businesses for breaking security laws
investigating complaints, inspecting workplaces, and imposing penalties
answer
regulating the country's communications infrastructure
ensuring communication technology is compatible with existing technology
assigning frequencies to television, radio, cable, and satellite providers
question
How are government regulations established?
Citizens agree on new regulations through annual elections.
Specialized executive agencies respond to a new policy by creating regulations.
Business owners agree to create regulations to better compete with one another.
The courts establish regulations in response to unfair business practices.
answer
Specialized executive agencies respond to a new policy by creating regulations.
question
An economy that balances government intervention with free enterprise is known as a
commission.
monopoly.
mixed market.
regulatory agency.
answer
mixed market.
question
Which president initially proposed the development of the EPA?
President Reagan
President Nixon
President Clinton
President Ford
answer
President Nixon
question
Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?
prescription safety
automobile emissions
credit card interest rates
power tools used in factories
answer
automobile emissions
question
What does the FCC regulate?
food and beverage products
communications infrastructure
environmental policies
businesses breaking security laws
answer
communications infrastructure
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