Download Mktg Ch 6 Project 9-22

Mktg Ch 6 Project 9-22
True/False
Indicate whether the statement is true or false.
____
1. In its role as regulator, the U.S. government makes laws that protect consumers, workers, and businesses.
____
2. The Federal Trade Commission assists businesses in establishing trade relations with other countries.
____
3. Charitable organizations and other non-profit businesses do not earn income.
____
4. Although Ben and Jerry's Homemade Inc. contributes part of its pre-tax income to charitable and environmental
causes, the company is a for-profit business.
____
5. In business, ethics are guidelines for good behavior.
Multiple Choice
Identify the choice that best completes the statement or answers the question.
____
6. What is the purpose of the Federal Reserve Board?
a. provide loans to prevent businesses from failing
b. control the monetary supply
c. regulate trade with other countries
d. monitor business practices
____
7. Chemicals at a certain manufacturing plant were improperly stored and caused employees to become ill. To what
federal regulatory agency should the employees go to for help with this problem?
a. Environmental Protection Agency
b. Security Exchange Commission
c. Federal Trade Commission
d. Occupational Safety and Health Admin.
____
8. In 1970, which agency was established to protect human health and monitor air and water pollution?
a. Environmental Protection Agency
b. Occupational Safety and Health Admin.
c. Food and Drug Agency
d. Equal Employment Opportunity Comm.
____
9. How would you describe a company that voluntarily commits some of its income to helping the community?
a. nonprofit organizations
c. ethical
b. socially responsible
d. consumer-oriented
____ 10. Which government agency limited the use of chlorine as a pesticide to trained professionals?
a. Federal Trade Commission
b. Consumer Product Safety Commission
c. Occupational Safety and Health Admin.
d. Environmental Protection Agency
Completion
Complete each statement.
11. The Occupational Safety and Health Administration is a governmental regulatory agency created to protect
____________________.
12. The three branches of the U.S. government are executive, ____________________ and judicial.
13. Federal and state governments set a minimum wage that businesses must pay their employees. The wage-setting
is an example of government's role as a(n) ____________________.
14. The nonprofit organization that helps produce public service advertising campaigns for government agencies is
known as the ____________________.
15. What commission sets the standards for the broadcast industry? ____________________________________
16. What organization to set up self-regulation among businesses was established in 1912?
_________________________
17. ____________________ is pricing products unreasonably high after a natural disaster.
18. What is the term used for reporting illegal actions of an employer?
19. According to the text, _________________________ and ethics have become important business topics due to
corporate scandals and unethical behavior.
Matching
Match each item with the correct statement.
a. Department of Homeland Security
b. distribution law
c. Clayton Antitrust Act
d. USDA
e. FDA
f.
g.
h.
i.
j.
Robinson-Patman Act
SEC
Federal Reserve System
FTC
predatory pricing
____ 20. undercharging for a product to put competitors out of business
____ 21. illegal to sell tobacco to minors
____ 22. monitors our economy, controls our monetary supply
____ 23. provides inspection, grading, and certification of meat
____ 24. prohibits price discrimination
____ 25. protects our borders, disaster recovery, and airport security
____ 26. responsible for investigating deceptive business practices
____ 27. regulates sale of stocks and bonds
____ 28. regulates labeling of cosmetics and pharmaceuticals
____ 29. covers mergers and acquisitions
Short Answer
30. List four trends in the modern workplace and describe how each affects the business world.
31. List the three branches of the U.S. government and describe the functions of each.
Mktg Ch 6 Project 9-22
TRUE/FALSE
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NAT: EI 3 | OP 1 | OP 8 | OP 9 | OP 10
NAT: EI 3 | OP 1 | OP 8 | OP 9 | OP 10
p. 139
p. 140 NAT:
p. 133 NAT:
p. 131
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EI 3 | OP 1 | OP 8 | OP 9 | OP 10
EI 3 | OP 1 | OP 8 | OP 9 | OP 10