Checkup 2 Flashcards
A patent protects an inventor by ____________________________________.
preventing others from copying and selling his invention
The Sherman Anti-Trust Act of 1890 is important because __________________________________________________.
it was the first act of real significance in regulating the monopoly power of giant businesses
Few products and high prices are likely consequences of __________________________.
lack of competition
Protection of the public against fraud is one of the goals of ___________________________________.
business regulation by government
Lobbying is ____________________________________________.
the attempt to influence legislation by persuading legislators to vote in a desired way
Financial assistance is provided small businesses by the ________________________________________-.
Small Business Administration
The name of the Federal agency, headed by a member of the President’s Cabinet, that promotes business is the ____________________________.
Department of Commerce
Businesses often encourage their employees to become involved in _____________ affairs.
civic
The leading expenditure of the Federal government is ____________________.
Income Security
Only when a firm’s customers cross state lines to buy products is the firm considered to be engaged in interstate commerce.
False
