Regulatory Policy Answers

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What does the FCC regulate?FCC- Federal Communications Commission

A
food and beverage products
B
communications infrastructure
C
environmental policies
D
businesses breaking security laws
3

What must businesses do in order to comply with financial regulations and laws?

A
report their revenue and earnings to the government
B
disclose information about sales with the media
C
report details of advertising revenue to managers
D
disclose product details to the competition
4

What happens if regulatory policies for a business are violated?

N
New business rules are created.
S
Safety classes are mandated.
A
Additional inspections are required.
F
Fines and sanctions are applied.
6

Which agency is under the authority of the Department of Labor?

A
SEC- U.S. Securities and Exchange Commission
B
OSHA- Occupational Safety and Health Administration
C
EPA- United States Environmental Protection Agency
D
FDA- Food and Drug Administration
7

What are the purposes of financial regulations? Choose three answers.to make business competitiveto enforce government interventionto limit and prevent monopoliesto allow businesses to collaborateto ensure only one business can operateto place regulations on prices

A
to make business competitive
B
to enforce government intervention
C
to limit and prevent monopolies
D
to allow businesses to collaborate
E
to ensure only one business can operate
F
to place regulations on prices
8

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

p
pollution laws
p
product safety laws
w
wage laws
e
equal opportunity laws
9

only when necessaryon a regular basisas often as possible

A
only when necessary
B
on a regular basis
C
as often as possible
10

How are government regulations established?

C
Citizens agree on new regulations through annual elections.
S
Specialized executive agencies respond to a new policy by creating regulations.
B
Business owners agree to create regulations to better compete with one another.
T
The courts establish regulations in response to unfair business practices.

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