AnswersAA - F26 Introduction to Business and TechnologyStudy Guide and Quiz

Study Guide and Quiz Answers

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1
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Which of the following is regulated by the FLSA?

A
Affirmative action
B
Health and safety procedures
C
Labeling of food products
D
Minimum wage
2
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Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?

A
Raising its interest rates
B
Keeping its interest rates low
C
Increasing its exports
D
Avoiding debt
3

Which of the following agencies protects human health and the natural environment?

A
The FTC
B
The EEOC
C
The CPSC
D
The EPA
4

Which government agency enforces federal laws against employers who discriminate based on age or religion?

A
The SEC
B
The ADA
C
The FLSA
D
The EEOC
5

What type of relationship do a lawyer and a client have?

A
A labor relationship
B
A tort relationship
C
An administrative relationship
D
An agency relationship
6

Which of the following is a reason a country might put a tariff on imports?

A
To form an agency relationship
B
To increase its exports
C
To protect domestic companies
D
To create free trade
7

If your company buys supplies from a company in a different state and sells your products to people within your city, what type of trade are you participating in?

A
Importing
B
Exporting
C
Global trade
D
Domestic trade
8

Which of the following is likely to increase the value of a country's currency?

A
The country's imports are higher than its exports.
B
The country has high inflation.
C
The country has a lot of debt.
D
The country has a high interest rate.
9

The U.S. encourages domestic companies to export because _____________.

A
It increases inflation.
B
It increases the number of U.S. consumers who buy domestic products.
C
It increases the value of a U.S. dollar.
D
It improves the interest rate.
10

Which of the following is true of unethical behavior?

A
It may cause people to lose trust in you.
B
It may be prevented by creating conflicts of interest.
C
It is always illegal.
D
It is regulated by administrative law.

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