Exam 1: Politics Governments’ Roles

ABC company has been exploring for gold in the Democratic Republic of Congo based on a very promising sample size.The infrastructure is very poor there and they have to fly all their workers in to remote parts of the jungle to explore for gold.If they discover a large deposit,it will be very lucrative for the company but there is a high probability that the sample could be from an area that has very little gold. What is the term to describe their potential for losing time and money on this project?

Which of the following does the provincial government have authority over?

Consumerism is a social movement that seeks to increase and strengthen the rights and powers of buyers in transactions with businesses.

A patent gives inventors exclusive rights to their inventions for how long? 

Describe some of the areas that the federal government has authority over?

Rio Bravo Theme Park is known for its variety of roller coasters.Recently,it was reported that two cars on the Macho Nacho roller coaster left the tracks,resulting in serious injuries to four riders.These riders are suing the theme park for damages,claiming that the maintenance procedures for the coasters were carelessly performed by the park's staff.When hearing the lawsuits,the courts will seek to determine whether Rio Bravo Theme park could be which of the following?

"Quality of life" is a narrow measure of social welfare that is based exclusively on the quantity and quality of goods and services produced by a society.

Why was the Competition Act established?

Congratulations! You've just finished composing a song that will be the next big hit.You're next step is to apply for a patent through the Canadian Intellectual Property Office. 

The Competition Act aims to ensure which of the following? 

Why does the government provide incentives to individuals?

Which of the following does the federal government have authority over?

What do gasoline for a car,ketchup for french fries,and a lady's scarf have in common?

Businesses are primarily focused on creating profits by offering products and services desired by the consumer.

One characteristic of all not-for-profit organizations is that they do not earn any revenue.

Jack runs a road construction company.He builds roads into peoples cottages in Ontario.This is only a small portion of his business though as there are few cottagers that can afford to build a private road.Who then would George rely on for most of his revenues?

Which of the following protects the original work of authors and artists (e.g.,their books,photos,or cartoons)?

Body soap,a box of rice,and olive oil are examples of what?

A tort is a private wrong that results in physical or mental harm to an individual or damage to that person's property.

Which of the following government agencies enforces the laws regulating unfair competition?