Question 1

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

Accepted Answer

A)   more transparency
B)   more taxes
C)   more bidders
D)   more competitionE) C) and D)
F) None of the above

Question 2

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

Accepted Answer

A progressive tax like personal income t...

Question 3

What does the Competition Act aim to ensure?

Accepted Answer

A)   no mergers of large corporations that restrict competition
B)   small businesses are treated the same as big businesses
C)   there are no monopolies
D)   competition is not cut-throatE) A) and D)
F) None of the above

Question 4

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

Accepted Answer

A)   breach of contract
B)   price discrimination
C)   unintentional harm responsibility
D)   product liabilityE) B) and C)
F) A) and B)

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

The federal government controls international trade.

Accepted Answer

A) True 
 B)False

Question 7

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?

Accepted Answer

A)   a copyright
B)   a patent
C)   a trademark
D)   an easementE) A) and D)
F) C) and D)

Question 8

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

Accepted Answer

A)   Canadian Foreign Service Institute
B)   Foreign Affairs and International Trade
C)   International Affairs and Trade
D)   Canadian School for Foreign ServiceE) All of the above
F) C) and D)

Question 9

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

Accepted Answer

A)   federal
B)   provincial
C)   municipal
D)   federal and provincialE) C) and D)
F) None of the above

Question 10

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

Accepted Answer

The goal of the code of conduc...

Question 11

What does Sustainable Development Technology Canada provide money for?

Accepted Answer

A)   creating technology to deal with climate change issues
B)   developing technology to sustain our food supply
C)   trying and creating new startup companies
D)   advancing Canada's research programs across the countryE) None of the above
F) A) and D)

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

Municipalities use bylaws to regulate how businesses operate.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A)   tax rebate
B)   welfare
C)   employment insurance
D)   transfer paymentE) None of the above
F) A) and B)

Question 15

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

Accepted Answer

A)   applicable, new, and innovative
B)   unique, applicable, and useful
C)   new, unique, and useful
D)   novel, innovative, and applicableE) All of the above
F) None of the above

Question 16

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?

Accepted Answer

A)   corporations
B)   individuals
C)   government
D)   not-for-profitsE) A) and B)
F) A) and D)

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)   for any injury or damage caused by products that do not meet industry standards
B)   only if the company knowingly sold a hazardous product
C)   only if the company purposefully was negligent in the design or production of the product
D)   only if the company intentionally introduced a defective productE) A) and D)
F) C) and D)

Question 19

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

Accepted Answer

A)   the government tax department
B)   the police
C)   the government auditor
D)   the government accountantsE) C) and D)
F) All of the above

Question 20

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.

Accepted Answer

A) True 
 B)False

Exam 1: Political Environment

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Municipalities use bylaws to regulate how businesses operate.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe goal of the code of conduc...View AnswerShow Answer

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

Correct AnswerverifiedA progressive tax like personal income t...View AnswerShow Answer

What does the Competition Act aim to ensure?

Correct AnswerverifiedShow Answer

The federal government controls international trade.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What does Sustainable Development Technology Canada provide money for?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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The goal of the code of conduc...
View Answer

Correct Answer
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A progressive tax like personal income t...
View Answer

Correct Answer
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Correct Answer
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