Question 1

What are sales taxes charged on?

Accepted Answer

Sales taxes are charged on goo

Question 2

Canada's federal government has decreased its investment in clean energy projects as there are doubts about global warming.

Accepted Answer

A) True 
 B)False

Question 3

P3s are a contractual agreement between a public office and the private sector.

Accepted Answer

A) True 
 B)False

Question 4

How can progressive income taxes best be described?

Accepted Answer

A)  Everyone pays the same tax rate percentage. 
B)  Tax rates increase as income increases. 
C)  Tax rates decline as income increases. 
D)  The rich get more tax breaks. 
A)  Everyone pays the same tax rate percentage. 
B)  Tax rates increase as income increases. 
C)  Tax rates decline as income increases. 
D)  The rich get more tax breaks.

Question 5

Which of the following holds a company liable for damages caused by a defective product even if the company was unaware of the defect at the time of sale?

Accepted Answer

A)  network responsibility 
B)  managerial liability 
C)  patent infringement 
D)  strict product liability 
A)  network responsibility 
B)  managerial liability 
C)  patent infringement 
D)  strict product liability

Question 6

Warren Tee was injured using a hair dryer manufactured by the Whoopee Electrical Products Company. Tee has contacted a lawyer because he feels that Whoopee is responsible for his injury based on which legal principle?

Accepted Answer

A)  restricted endorsement 
B)  fault-free obligations 
C)  patent infringement 
D)  strict liability 
A)  restricted endorsement 
B)  fault-free obligations 
C)  patent infringement 
D)  strict liability

Question 7

The federal government of Canada collects money from all the provinces and then redistributes money from rich provinces to poorer ones. Alberta is making a lot of money right now due to the increased production in the Athabasca Tar Sands. Some of the tax money is going from Alberta to Quebec via the federal government. What term describes this?

Accepted Answer

A)  redistribution payments 
B)  transfer payments 
C)  transfer assistance 
D)  rebalancing resource wealth 
A)  redistribution payments 
B)  transfer payments 
C)  transfer assistance 
D)  rebalancing resource wealth

Question 8

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

Accepted Answer

Money and banking, trade regul

Question 9

The Government of Canada's training provider for federal service is the Canadian Foreign Service Institute.

Accepted Answer

A) True 
 B)False

Question 10

The Nike Swoosh and the McDonald's Golden Arches are examples of corporate trademarks.

Accepted Answer

A) True 
 B)False

Question 11

Which level of government sets the minimum wage?

Accepted Answer

A)  municipal 
B)  federal 
C)  territorial 
D)  provincial 
A)  municipal 
B)  federal 
C)  territorial 
D)  provincial

Question 12

What type of projects are best used for public-private partnerships (P3s)?

Accepted Answer

A)  infrastructure 
B)  factories 
C)  schools 
D)  buildings 
A)  infrastructure 
B)  factories 
C)  schools 
D)  buildings

Question 13

What are tax rates that increase as one's income increases?

Accepted Answer

A)  incremental 
B)  regressive 
C)  progressive 
D)  flat 
A)  incremental 
B)  regressive 
C)  progressive 
D)  flat

Question 14

Which of the following guarantees that the product you buy will conform to the customary standards of the trade/industry?

Accepted Answer

A)  an implied warranty 
B)  an express warranty 
C)  a uniform warranty 
D)  a commercial warranty 
A)  an implied warranty 
B)  an express warranty 
C)  a uniform warranty 
D)  a commercial warranty

Question 15

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

Accepted Answer

A)  education 
B)  water 
C)  trade regulation 
D)  health care 
A)  education 
B)  water 
C)  trade regulation 
D)  health care

Question 16

Why does the government provide incentives to individuals?

Accepted Answer

Government incentives encourage individu

Question 17

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

Accepted Answer

A)  health care 
B)  sewers 
C)  education 
D)  trade 
A)  health care 
B)  sewers 
C)  education 
D)  trade

Question 18

Which of the following protects the Nike Swoosh and the Golden Arches of McDonald's?

Accepted Answer

A)  a trademark 
B)  a patent 
C)  a copyright 
D)  a commercially protected symbol 
A)  a trademark 
B)  a patent 
C)  a copyright 
D)  a commercially protected symbol

Question 19

Why was the Competition Act established?

Accepted Answer

To protect consumers

Question 20

What is the social movement designed to increase and strengthen the rights and powers of buyers in business transactions?

Accepted Answer

A)  environmentalism 
B)  capitalism 
C)  socialism 
D)  consumerism 
A)  environmentalism 
B)  capitalism 
C)  socialism 
D)  consumerism

What are sales taxes charged on?

Canada's federal government has decreased its investment in clean energy projects as there are doubts about global warming.

P3s are a contractual agreement between a public office and the private sector.

How can progressive income taxes best be described?

Which of the following holds a company liable for damages caused by a defective product even if the company was unaware of the defect at the time of sale?

Warren Tee was injured using a hair dryer manufactured by the Whoopee Electrical Products Company. Tee has contacted a lawyer because he feels that Whoopee is responsible for his injury based on which legal principle?

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

The Government of Canada's training provider for federal service is the Canadian Foreign Service Institute.

The Nike Swoosh and the McDonald's Golden Arches are examples of corporate trademarks.

Which level of government sets the minimum wage?

What type of projects are best used for public-private partnerships (P3s)?

What are tax rates that increase as one's income increases?

Which of the following guarantees that the product you buy will conform to the customary standards of the trade/industry?

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

Why does the government provide incentives to individuals?

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

Which of the following protects the Nike Swoosh and the Golden Arches of McDonald's?

Why was the Competition Act established?

What is the social movement designed to increase and strengthen the rights and powers of buyers in business transactions?

Economic Environment

Social Environment

Technological Environment

International Environment

Entrepreneurship and Small Business

Understanding the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing

Creating Marketing Strategies

Achieving World-class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance

Filters

Exam 1: Political Environment

What are sales taxes charged on?

Canada's federal government has decreased its investment in clean energy projects as there are doubts about global warming.

P3s are a contractual agreement between a public office and the private sector.

How can progressive income taxes best be described?

Which of the following holds a company liable for damages caused by a defective product even if the company was unaware of the defect at the time of sale?

Warren Tee was injured using a hair dryer manufactured by the Whoopee Electrical Products Company. Tee has contacted a lawyer because he feels that Whoopee is responsible for his injury based on which legal principle?

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

The Government of Canada's training provider for federal service is the Canadian Foreign Service Institute.

The Nike Swoosh and the McDonald's Golden Arches are examples of corporate trademarks.

Which level of government sets the minimum wage?

What type of projects are best used for public-private partnerships (P3s)?

What are tax rates that increase as one's income increases?

Which of the following guarantees that the product you buy will conform to the customary standards of the trade/industry?

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

Why does the government provide incentives to individuals?

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

Which of the following protects the Nike Swoosh and the Golden Arches of McDonald's?

Why was the Competition Act established?

What is the social movement designed to increase and strengthen the rights and powers of buyers in business transactions?

Economic Environment

Social Environment

Technological Environment

International Environment

Entrepreneurship and Small Business

Understanding the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing

Creating Marketing Strategies

Achieving World-class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance

Filters