QUESTION Deregulation is the scaling back, or relaxation in enforcement, of laws and administrative rules that seemed to restrain competition. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Deregulation is the scaling back, or relaxation in enforcement, of laws and administrative rules that seemed to restrain competition.
QUESTION The Federal Communications Commission regulates the airwaves. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: The FCC regulates radio and TV communication.
QUESTION The Securities and Exchange Commission regulates stock and bond markets. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: The SEC regulates trading in stocks and bonds so that fair and transparent standards are applied.
QUESTION What is the definition of statutory laws? A) laws governing international business activities B) laws governing domestic business activities C) written laws created by legislative bodies D) unwritten laws made by judges ruling on individual cases E) laws made by government boards, commissions, and agencies ANSWER Answer: C Explanation: C) Statutory laws are […]
QUESTION Marcia was having her kitchen rebuilt. She claims that her contractor used materials Marcia had paid for in rehabbing someone else’s kitchen, and she sued the contractor. In court, because the contractor was presumed innocent until proven guilty, he was benefitting from an administrative law. Indicate whether the statement is true or false. […]
QUESTION The answer to which of the following questions would be most helpful in resolving the disagreement between Larisa and Karola? A) What are the commissions and services offered by the specific brokers the two are considering? B) Should the two confer with a colleague who has more experience in investments? C) Will they invest […]
QUESTION The North American Free Trade Agreement (NAFTA) is governed under international law. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Treaties and trade agreements together constitute one source of international law, law that governs activities between nations.
QUESTION Which of the following, if true, makes it prudent for Jorge to take Felicia’s advice? A) If Jorge doubles his investment, he will be able to make a down payment on a sports car he really wants to own. B) Jorge wishes he had taken a chance on purchasing a platinum contract last year, […]
QUESTION Suzanne contends that her landlord, Felipe, needs to replace the nonworking stove in her apartment. Felipe says there is nothing in the lease requiring him to provide a stove to his tenant. Suzanne says that because he provided a stove when she moved in, he is required to maintain it and replace it if […]
QUESTION Which of the following, if true, most weakens Amatriya’s argument? A) In a downturn, growth stocks tend to decline in value much more dramatically than blue-chip stocks. B) The last recession was the most serious one in more than 75 years. C) The owners of Forbes magazine have an extensive portfolio of bonds. D) […]
