Quiz 1

1.

1 point

Which of the following is a transfer of a case from a lower to a higher level of
court?

Trial

Appeal

Judgment

Breach

2.

1 point

The government discourages competition among businesses.

True

False

3.

1 point

Who is the party initiating a lawsuit against an organization or individual?

Prosecutor

Defendant

Plaintiff

Bailiff

4.

1 point

The jury’s final decision is referred to as which of the following?

Verdict

Appeal

Trial

Pleading

5.

1 point

Which of the following is NOT true of the government?

It regulates the amount of money in the economy with the Federal Reserve Bank

It controls retirement for all U.S. citizens

It increases/decreases tax rates

It negotiates international treaties and trade agreements

6.

1 point

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

Legislative branch

Executive branch

Judicial branch

Administrative branch

7.

1 point

What year was the Federal Trade Commission established?

1908

1915

1591

1890

8.

1 point

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

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

Established the Federal Reserve Bank

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

Established the Federal Trade Commission

9.

1 point

Which of the following is NOT regulated by the government?

Local employment agencies

Private schools

Funding for retraining of workers

Public schools

10.

1 point

Which of the following is NOT information published by the government?

Forbes 40 under 40

Unemployment statistics

Rate of inflation

Consumer spending

11.

1 point

Which of the following is NOT a category of U.S. Court Systems?

State Court

Large Claims Court

Small Claims Court

Federal District Court

12.

1 point

Statutory law is written by which branch of the government?

Legislative branch

Administrative branch

Executive branch

Judicial branch

13.

1 point

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

Regulation

Taxes

Embargo

Deregulation

14.

1 point

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

True

False

15.

1 point

Which of the following is true of the Federal Trade Commission?

Prevents monopolies

Breaks up companies with control of a market

Prevents false/deceptive advertising

Demotes fair competition