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Business Law (11-20)

Which of the following is NOT one of the three branches of government?

Executive

Sheriff

Judicial

Statutory law is written by which branch of the government?

Legislative

Judicial

Executive

Where did common law begin?

Spain

Italy

England

When union representatives and management come together to discuss issues between employees and employers it is known as which of the following?

Collective bargaining

Glass ceiling

Union strike

The Taft-Hartley Act of 1947 legalized which of the following?

Labor unions

Closed shops

Right-to-work laws

The government discourages competition among businesses

True

False

The Serman Antitrust Act of 1890 did which of the following?

Increased sales taxes and allowed the federal government to collect income tax

Allowed the government to break up market-controlling companies and prevent monopolies

Established the Federal Trade Commision

What year was the Federal Trade Commission established?

1915

1924

1901

What is the term for the removal or relaxation of the rules affecting businesses within certain industries?

Regulation

Exertion

Deregulation

The Small Business Administration provides low-cost loans, advice, and other assistance to small businesses.

True

False

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