AnswersPMHS Civics Q2Regulatory Policy

Regulatory Policy Answers

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1
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Which agency is under the authority of the Department of Labor?

A
SEC- U.S. Securities and Exchange Commission
B
OSHA- Occupational Safety and Health Administration
C
EPA- United States Environmental Protection Agency
D
FDA- Food and Drug Administration
2
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Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?

p
prescription safety
a
automobile emissions
c
credit card interest rates
p
power tools used in factories
3

What must businesses do in order to comply with financial regulations and laws?

A
report their revenue and earnings to the government
B
disclose information about sales with the media
C
report details of advertising revenue to managers
D
disclose product details to the competition
4

Which statement about the SEC is accurate?SEC- U.S. Securities and Exchange Commission

A
It can convict people of crimes without a trial.
B
It is part of the government’s cabinet department.
C
It is an independent agency that regulates finance.
D
It is associated with the legislative branch.
5

What happens if regulatory policies for a business are violated?

N
New business rules are created.
S
Safety classes are mandated.
A
Additional inspections are required.
F
Fines and sanctions are applied.
6

Which of these laws was created in order to directly protect consumers?

p
pollution laws
p
product safety laws
w
wage laws
e
equal opportunity laws
8

Which president initially proposed the development of the EPA?EPA- United States Environmental Protection Agency

A
President Reagan
B
President Nixon
C
President Clinton
D
President Ford
9

How are government regulations established?

C
Citizens agree on new regulations through annual elections.
S
Specialized executive agencies respond to a new policy by creating regulations.
B
Business owners agree to create regulations to better compete with one another.
T
The courts establish regulations in response to unfair business practices.
10

Lillian was hurt at work when a slippery, wet floor wasn’t appropriately marked. Which regulatory agency should she turn to for help?

A
EPA- United States Environmental Protection Agency
B
FDA- Food and Drug Administration
C
SEC- U.S. Securities and Exchange Commission
D
OSHA- Occupational Safety and Health Administration
11

What do OSHA and the SEC have in common?OSHA- Occupational Safety and Health AdministrationSEC- U.S. Securities and Exchange Commission

B
Both operate independently.
B
Both are overseen by the Bureau of Labor.
B
Both create and enforce regulations.
B
Both focus on protecting employee finances.
12

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

F
FDA- Food and Drug Administration
S
SEC- U.S. Securities and Exchange Commission
C
CFPB- Consumer Financial Protection Bureau
F
FCC- Federal Communications Commission
13

What are the purposes of financial regulations? Choose three answers.

A
to make business competitive
B
to enforce government intervention
C
to limit and prevent monopolies
D
to allow businesses to collaborate
E
to ensure only one business can operate
F
to place regulations on prices
14

Which of these regulations is established at the federal level?

A
the hours a business can stay open
B
the types of goods a market can sell
C
the pay for minimum-wage employees
D
the requirements employees must meet
15

[BLANK]

A
private business
B
financial institution
C
regulatory agency
16

What are the roles of the FCC in the US?FCC- Federal Communications CommissionChoose three answers.

A
regulating the country’s communications infrastructure
B
ensuring communication technology is compatible with existing technology
C
establishing safety standards for pesticides and other chemicals
D
assigning frequencies to television, radio, cable, and satellite providers
E
bringing civil suits against individuals or businesses for breaking security laws
F
investigating complaints, inspecting workplaces, and imposing penalties
17

Who does the SEC oversee?SEC- U.S. Securities and Exchange Commission

A
brokers
B
consumers
C
managers
D
workers
18

What happens if regulatory policies for a business are violated?

A
New business rules are created.
B
Safety classes are mandated.
C
Additional inspections are required.
D
Fines and sanctions are applied.
19

[BLANK]

A
only when necessary
B
on a regular basis
C
as often as possible
20

Which statement about the SEC is accurate?SEC- U.S. Securities and Exchange Commission

A
It can convict people of crimes without a trial.
B
It is part of the government’s cabinet department.
C
It is an independent agency that regulates finance.
D
It is associated with the legislative branch.
21

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

A
FDA- Food and Drug Administration
B
SEC- U.S. Securities and Exchange Commission
C
CFPB- Consumer Financial Protection Bureau
D
FCC- Federal Communications Commission

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