Exam 1: Political Environment

Government taxation policies, called fiscal policy, have a certain flexibility. In times of a weak economy, taxes may be lowered temporarily to stimulate the economy.

Ray and Tera are starting up their own family restaurant with the hopes of expanding it across the country. They worked very hard on developing a corporate logo that represents the image of the restaurant. What should they get to protect their logo from getting copied?

A trademark gives exclusive legal protection to a name, symbol, or design that distinguishes the goods or services of one seller from those of competitors.

If you are taking courses or training programs that make you more employable, for which of the following federal programs might you be eligible? 

Zahir Raman runs a road construction company and builds roads into people's cottages in Ontario. This is only a small portion of his business, though, as few cottagers can afford to build a private road. Who then would Raman rely on for most of his revenues?

Which level of government collects the goods and services tax (GST)?

Municipalities use bylaws to regulate how businesses operate.

What is the difference between a progressive tax and a flat tax?

What does the Code of Conduct for Procurement try to ensure for both public servants and vendors?

What does the Competition Act aim to ensure? 

Under the doctrine of strict product liability, a manufacturer can be held liable under which of the following conditions?

Who is responsible for ensuring that public resources have been properly allocated?

The federal government controls international trade.

The provincial governments are responsible for banking, criminal law, and employment insurance.

What is the requirement for an idea to be granted a patent under the Patent Act? 

Which of the following holds a company responsible for negligence in the production, design, sale, or use of products the company markets?

What does Sustainable Development Technology Canada provide money for?

Which department of the Government is responsible for Canada's embassies around the world?

The recording industry's legal action against individuals who download music without paying involves the infringement of a copyright.

What does the code of conduct for procurement try to ensure for both public servants and vendors?