intro to marketing, sales & services chapter 11 - the role of government in our economy vocabulary…

intro to marketing, sales & services chapter 11 - the role of government in our economy vocabulary definitions quiz & chapter objectives worth 84 points (3 points each) directions: match the vocabulary terms with their definitions. a. registered b. allocate c. symbol d. ensure e. enable f. welfare g. federal h. incentive i. trademark j. tax incentives k. patent l. tax m. copyright n. subsidies o. breach of contract p. privatization q. contract r. revenue s. antitrust laws t. trust u. oligopoly v. monopoly w. intrastate commerce x. interstate commerce 1. enrolled formally answer: 2. a small number of companies that control an industry answer: 3. something that stands for or suggests something else by reason of relationship, association, convention, or accidental resemblance. answer: 4. a legal agreement between two or more parties to do business. answer: 5. to make possible, practical, or easy answer: 6. of or relating to the central government or a federation as distinguished from the governments of the constituent units. answer: 7. business that takes place between states. answer: 8. a name, symbol, or characteristic that identifies a product answer: 9. laws that allow the federal government to break up monopolies, regulate them, or take them over. answer: 10. business within each state. answer: 11. a company that controls an industry or is the only one to offer a product or service. answer: 12. a group of companies that band together to form a monopoly and cut out competition answer: 13. the failure of one party to live up to the terms of a contract answer: 14. the exclusive legal right given to artists to own their creations answer: 15. a legal grant for the sole right own an invention answer:

intro to marketing, sales & services chapter 11 - the role of government in our economy vocabulary definitions quiz & chapter objectives worth 84 points (3 points each) directions: match the vocabulary terms with their definitions. a. registered b. allocate c. symbol d. ensure e. enable f. welfare g. federal h. incentive i. trademark j. tax incentives k. patent l. tax m. copyright n. subsidies o. breach of contract p. privatization q. contract r. revenue s. antitrust laws t. trust u. oligopoly v. monopoly w. intrastate commerce x. interstate commerce 1. enrolled formally answer: 2. a small number of companies that control an industry answer: 3. something that stands for or suggests something else by reason of relationship, association, convention, or accidental resemblance. answer: 4. a legal agreement between two or more parties to do business. answer: 5. to make possible, practical, or easy answer: 6. of or relating to the central government or a federation as distinguished from the governments of the constituent units. answer: 7. business that takes place between states. answer: 8. a name, symbol, or characteristic that identifies a product answer: 9. laws that allow the federal government to break up monopolies, regulate them, or take them over. answer: 10. business within each state. answer: 11. a company that controls an industry or is the only one to offer a product or service. answer: 12. a group of companies that band together to form a monopoly and cut out competition answer: 13. the failure of one party to live up to the terms of a contract answer: 14. the exclusive legal right given to artists to own their creations answer: 15. a legal grant for the sole right own an invention answer:

Answer

Brief Explanations:

  1. "Enrolled Formally" means registered, so the answer is A.
  2. A small number of companies that control an industry is an oligopoly, so the answer is U.
  3. Something that stands for or suggests something else by reason of relationship, association, convention, or accidental resemblance is a symbol, so the answer is C.
  4. A legal agreement between two or more parties to do business is a contract, so the answer is Q.
  5. To make possible, practical, or easy means to enable, so the answer is E.
  6. Of or relating to the central government or a federation as distinguished from the governments of the constituent units is federal, so the answer is G.
  7. Business that takes place between states is interstate commerce, so the answer is X.
  8. A name, symbol, or characteristic that identifies a product is a trademark, so the answer is I.
  9. Laws that allow the federal government to break up monopolies, regulate them, or take them over are antitrust laws, so the answer is S.
  10. Business within each state is intrastate commerce, so the answer is W.
  11. A company that controls an industry or is the only one to offer a product or service is a monopoly, so the answer is V.
  12. A group of companies that band together to form a monopoly and cut out competition is a trust, so the answer is T.
  13. The failure of one party to live up to the terms of a contract is a breach of contract, so the answer is O.
  14. The exclusive legal right given to an artist to own their creations is a copyright, so the answer is M.
  15. A legal grant for the sole right to own an invention is a patent, so the answer is K.

Answer:

  1. A. Registered
  2. U. Oligopoly
  3. C. Symbol
  4. Q. Contract
  5. E. Enable
  6. G. Federal
  7. X. Interstate Commerce
  8. I. Trademark
  9. S. Antitrust Laws
  10. W. Intrastate Commerce
  11. V. Monopoly
  12. T. Trust
  13. O. Breach of Contract
  14. M. Copyright
  15. K. Patent