Intro to Business - Chapter 11

The ______ government oversees the business that takes place within a state.

• county
• federal
• local
• state

Commerce that involves business transactions in more than one state is called _________.

• interstate commerce
• intrastate commerce
• interstate trade
• intrastate trade

The situation that occurs when a company controls an industry or is the only one to offer a product or service is called a(n)

• merger
• monopoly
• oligopoly
• trust

The situation that occurs when a small number of companies control an industry is called a(n)

• merger
• monopoly
• oligopoly
• trust

_________ laws allow the federal government to take control of monopolies.

• Anti-trust
• Free-Trade
• Non-Compete
• Oligopoly

The federal government formed the Federal ______ to enforce antitrust laws.

• Trade Administration
• Trade Commission
• Trust Administration
• Trust Commission

For a play, copyright protection begins when it is _________.

• created
• performed
• recorded
• registered

Patents offer protection __________.

• during the inventor's life
• for 20 years
• for 70 years
• forever

A legally enforceable agreement between two or more parties is called a(n)

• agreement
• contract
• trust
• warranty

It is easier to prove a breach of contract occurred if the contract is _______.

• certified
• registered
• sealed with a handshake
• written