AnswersEconomicsRegulatory Policy

Regulatory Policy — Quiz Answers

46 verified answers3 views
21
Free Preview

Which agency keeps consumers safe when they open a credit card account or take out a home loan?

A
FDA- Food and Drug Administration
B
SEC- U.S. Securities and Exchange Commission
C
OSHA- Occupational Safety and Health Administration
D
CFPB- Consumer Financial Protection Bureau
22
Free Preview

What is the main reason the government creates regulations?

A
to keep control over what is bought and sold in the US
B
to make sure business is conducted safely and fairly
C
to monopolize what products a company can produce
D
to establish profit standards for all public services
27

Which statement about business regulations is accurate?

A
Government-based businesses are required to apply federal regulations.
B
High-profit businesses focus on meeting state regulations annually.
C
All businesses are subject to local, state, and federal regulations.
D
Small businesses are only obligated to follow local regulations.
28

Lillian was hurt at work when a slippery, wet floor wasn’t appropriately marked. Which regulatory agency should she turn to for help?

A
EPA- United States Environmental Protection Agency
B
FDA- Food and Drug Administration
C
OSHA- Occupational Safety and Health Administration
D
SEC- U.S. Securities and Exchange Commission
29

Lillian was hurt at work when a slippery, wet floor wasn’t appropriately marked. Which regulatory agency should she turn to for help?

A
OSHA- Occupational Safety and Health Administration
B
EPA- United States Environmental Protection Agency
C
SEC- U.S. Securities and Exchange Commission
D
FDA- Food and Drug Administration
30

What do OSHA and the SEC have in common? OSHA- Occupational Safety and Health Administration SEC- U.S. Securities and Exchange Commission

A
Both are overseen by the Bureau of Labor.
B
Both focus on protecting employee finances.
C
Both operate independently.
D
Both create and enforce regulations.
31

What does a mixed-market economy allow consumers to do?

A
make economic choices
B
control the factors of production
C
avoid any government regulation
D
disregard supply and demand
32

What do OSHA and the SEC have in common? OSHA- Occupational Safety and Health Administration SEC- U.S. Securities and Exchange Commission

A
Both are overseen by the Bureau of Labor.
B
Both operate independently.
C
Both create and enforce regulations.
D
Both focus on protecting employee finances.
33

What do OSHA and the SEC have in common? OSHA- Occupational Safety and Health Administration SEC- U.S. Securities and Exchange Commission

A
Both focus on protecting employee finances.
B
Both create and enforce regulations.
C
Both are overseen by the Bureau of Labor.
D
Both operate independently.
34

Which of these laws was created in order to directly protect consumers?

A
equal opportunity laws
B
product safety laws
C
pollution laws
D
wage laws
37

Which of these laws was created in order to directly protect consumers?

A
equal opportunity laws
B
wage laws
C
product safety laws
D
pollution laws
38

Which statement about business regulations is accurate?

A
High-profit businesses focus on meeting state regulations annually.
B
All businesses are subject to local, state, and federal regulations.
C
Government-based businesses are required to apply federal regulations.
D
Small businesses are only obligated to follow local regulations.
39

Lillian was hurt at work when a slippery, wet floor wasn’t appropriately marked. Which regulatory agency should she turn to for help?

A
EPA- United States Environmental Protection Agency
B
SEC- U.S. Securities and Exchange Commission
C
OSHA- Occupational Safety and Health Administration
D
FDA- Food and Drug Administration
40

Which of these laws was created in order to directly protect consumers?

A
equal opportunity laws
B
product safety laws
C
wage laws
D
pollution laws

Did you find these answers helpful?