Regulatory Policy Answers

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What happens if regulatory policies for a business are violated?

A
New business rules are created.
B
Safety classes are mandated.
C
Additional inspections are required.
D
Fines and sanctions are applied.
3

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

A
FDA- Food and Drug Administration
B
SEC- U.S. Securities and Exchange Commission
C
CFPB- Consumer Financial Protection Bureau
D
FCC- Federal Communications Commission
4

How are government regulations established?

A
Citizens agree on new regulations through annual elections.
B
Specialized executive agencies respond to a new policy by creating regulations.
C
Business owners agree to create regulations to better compete with one another.
D
The courts establish regulations in response to unfair business practices.
5

Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?

A
prescription safety
B
automobile emissions
C
credit card interest rates
D
power tools used in factories
6

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

A
pollution laws
B
product safety laws
C
wage laws
D
equal opportunity laws
7

private businessfinancial institutionregulatory agency

A
private business
B
financial institution
C
regulatory agency
8

What are the roles of the FCC in the US?FCC- Federal Communications CommissionChoose three answers.regulating the country’s communications infrastructureensuring communication technology is compatible with existing technology establishing safety standards for pesticides and other chemicalsassigning frequencies to television, radio, cable, and satellite providersbringing civil suits against individuals or businesses for breaking security lawsinvestigating complaints, inspecting workplaces, and imposing penalties

A
regulating the country’s communications infrastructure
B
ensuring communication technology is compatible with existing technology
C
establishing safety standards for pesticides and other chemicals
D
assigning frequencies to television, radio, cable, and satellite providers
E
bringing civil suits against individuals or businesses for breaking security laws
F
investigating complaints, inspecting workplaces, and imposing penalties
9

only when necessaryon a regular basisas often as possible

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

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