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Marketing EOPA Review Questions And Answers With Verified Solutions Already Passed Latest Updated 2024
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Marketing EOPA Review Questions And Answers With Verified Solutions Already Passed Latest Updated 2024

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  • August 20, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 63 gd
  • marketing eopa review questions and answers with v
  • 60 putting out wet floor signs is one way to
  • 61 briefly discuss how the government regulates b
  • 62 the us government intervenes in business for

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  • EOPA
  • EOPA

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Marketing EOPA Review Questions And
Answers With Verified Solutions Already
Passed Latest Updated 2024
60) ) Putting out "Wet Floor" signs is one way to handle risk and is known as
which of the

following? - ANSWER✔✔ d. Reduce


61) Briefly discuss how the government regulates businesses in the following
categories - ANSWER✔✔ Protection of Ideas: Trademarks (Logos), trade secrets
(recipes or
formulas), copyright (ideas and/or writings) ,
patents (inventions)


Employee Protection: Equal Employment Opportunity Commission
prohibits discrimination in the hiring and/or
firing of employees


Lending Practices: Fair Lending act protects consumers seeking
credit by requiring lenders to disclose the full
conditions of a loan.


Environment: Environmental Protection Agency protects the
environment from pollution and other
harmful activities that could happen to the
environment.

, Taxes: Businesses must pay local, federal and state
taxes including sales tax, income tax, payroll,
self employment, social security (FICA), and
Medicare


Consumer Protection: Clayton Act & Robinson Patman Act prohibit
price discrimination; Food and Drug
Administration inspects and researches
manufacturers of foods and drugs for
consumer safety.


Business Start-Up: You must register your business with the
state and local authorities and obtain a
business incense before opening for business.


62) The U.S. government intervenes in business for two main reasons: Social
equality and fair

business transactions. Give an example for each: - ANSWER✔✔ Social Quality -
The government regulates the energy market to make sure there
the pollution rate is monitored when power companies burn coal to produce
electricity.


Business Transactions - The government regulates the sale of one company to
another to

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