True/False
Indicate whether the
statement is true or false.
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1.
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Minimum wage is established and set by the federal
government.
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2.
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One of the ways the federal government protects investors is
to have laws that require corporations to disclose information affecting shareholders’
investment decisions but there are no laws that prevent shareholders from gaining an advantage at the
expense of other shareholders. This is called insider trading and it is still legal.
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3.
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One way the Federal Government helps businesses is by
providing funding and guidelines for public education so that students may be prepared to enter the
workforce.
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Multiple Choice
Identify the choice that
best completes the statement or answers the question.
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4.
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Which federal act (law) allows the government to break-up
companies with too much market control?
a. | Clayton Antitrust Act of 1914 | b. | Sherman Antitrust Act of 1890 | c. | Federal Trade Commission
Act of 1915 | d. | Federal Reserve Act of
1929 |
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5.
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The government provides various types of information for
small businesses that help owners make business decisions. Which of the following is NOT one of those
pieces of information?
a. | National unemployment figures | c. | Consumer spending trends | b. | Stock market
averages | d. | current rate of inflation |
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6.
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The Federal Government plays a role in business by
protecting consumers. Which of the following is NOT an example of an agency, commission or law (act)
that is supposed to protect the consumer as discussed in class?
a. | Consumer Credit Agency | b. | Consumer Product Safety Commission | c. | Fair Credit Reporting Act | d. | Fair Packaging and Labeling
Act |
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Completion
Complete each
statement.
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7.
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The federal government promotes economic growth by
regulating the amount of money in the economy with the _________________ ________________
________.
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8.
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___________________ is when the government sets strict rules
affecting businesses within certain industries.
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9.
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The ___________ _______________ ________________
is a government agency that was established to provide low-cost loans, advice and other assistance to
small businesses.
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10.
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The federal government plays a role in business by
protecting the natural environment. One way this was done was the establishment of the EPA in 1970.
What does the acronym EPA stand for?
____________________ __________________
_____________________
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