4.3 Government Regulation and Assistance

1

A is an organization that supplies a service or product vital to all people.

public service

utility service

public utility

none of the above

1

A monopoly exists when a business has control of the market. The following is an example of a monopoly.

Selling products that are significantly different in various stores.

Different soda companies selling different brands at different prices.

A company operates in structures in which there are other able and worthy competitors.

A company that owns all the major brands of sunglasses.

1

Antitrust laws prevent unfair business practices. Which of the following would be considered as an unfair business practice?

False advertising

Deceptive pricing

Misleading labeling

All of the above

1

Types of taxes paid based on a person's income.

sales tax

personal tax

income tax

property tax

1

This tax is based on the value land and building.

home taxes

property taxes

land taxes

state taxes

1

Jerry went to the store to buy a baseball bat for $85.00. This store is required to charge Jerry _ _ at a 6.25% rate. His total purchase is now $90.31. The seller is required to send $5.31 to the state.

sales tax

store tax

federal tax

none of the above

4.3 Government Regulation and Assistance

A ________ ________ is an organization that supplies a service or product vital to all people.

A monopoly exists when a business has control of the market. The following is an example of a monopoly.

Antitrust laws prevent unfair business practices. Which of the following would be considered as an unfair business practice?

Types of taxes paid based on a person's income.

This tax is based on the value land and building.

Jerry went to the store to buy a baseball bat for $85.00. This store is required to charge Jerry _____ _____ at a 6.25% rate. His total purchase is now $90.31. The seller is required to send $5.31 to the state.

A ________ ________ is an organization that supplies a service or product vital to all people.

A monopoly exists when a business has control of the market. The following is an example of a monopoly.

Antitrust laws prevent unfair business practices. Which of the following would be considered as an unfair business practice?

Types of taxes paid based on a person's income.

This tax is based on the value land and building.

Jerry went to the store to buy a baseball bat for $85.00. This store is required to charge Jerry _____ _____ at a 6.25% rate. His total purchase is now $90.31. The seller is required to send $5.31 to the state.

A is an organization that supplies a service or product vital to all people.

Jerry went to the store to buy a baseball bat for $85.00. This store is required to charge Jerry _ _ at a 6.25% rate. His total purchase is now $90.31. The seller is required to send $5.31 to the state.

A is an organization that supplies a service or product vital to all people.

Jerry went to the store to buy a baseball bat for $85.00. This store is required to charge Jerry _ _ at a 6.25% rate. His total purchase is now $90.31. The seller is required to send $5.31 to the state.