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What is a business and how does it survive and maintain a profit?

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A business is an organization that provi...

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Bylaws are controlled by which level of government?


A) federal
B) provincial
C) municipal
D) community

E) A) and D)
F) B) and C)

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The federal government of Canada collects money from all the provinces and then redistributes money from rich provinces to poorer ones.Alberta is making a lot of money right now due to the increased production in the Athabasca Tar Sands and the high price of oil.Some of the tax money is going from Alberta to Quebec via the federal government.What is the term to describe this?


A) redistribution payments
B) transfer payments
C) transfer assistance
D) rebalancing resource wealth

E) A) and B)
F) A) and C)

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Describe some of the areas that the provincial government has authority over?

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Labour laws,education,health a...

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Who owns the copyright of a cartoon character created by an employee of a company as part of their normal job responsibilities?


A) the employee who created the cartoon character
B) the employer of the cartoon character's creator
C) all of the employees that worked on the cartoon character
D) the union that represents the employee

E) All of the above
F) A) and B)

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Compare and contrast the protection offered by patents,copyrights,and trademarks. 

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Patents are for inventions; copyrights a...

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Canada's federal government has decreased its investment in clean energy projects as there are doubts about global warming.

A) True
B) False

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Warren Tee was injured using a hair dryer manufactured by the Whoopee Electrical Products Company.Warren has contacted a lawyer because he feels that Whoopee is responsible for his injury based on the legal principle of which of the following?


A) restricted endorsement
B) fault free obligations
C) patent infringement
D) strict liability

E) C) and D)
F) A) and B)

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Which of the following guarantees that the product you buy will conform to the customary standards of the trade/industry? 


A) implied warranty
B) express warranty
C) uniform warranty
D) commercial warranty

E) None of the above
F) B) and C)

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Why is Alberta receiving $10 million from Sustainable Development Technology Canada?

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To help make the oil sands les...

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The social movement designed to increase and strengthen the rights and powers of buyers in business transactions is called which of the following?


A) environmentalism
B) capitalism
C) socialism
D) consumerism

E) All of the above
F) A) and C)

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Describe the similarities and differences between "quality of life" and "standard of living."

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Standard of living is the quality and qu...

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The Nike Swoosh and the Golden Arches of McDonald's are protected by which of the following?


A) trademark
B) patent
C) copyright
D) commercially protected symbol

E) B) and C)
F) A) and D)

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What is Canada doing to deal with our lack of skilled workers?


A) creating a program to attract skilled immigrants
B) investing money in colleges
C) giving companies tax breaks for more training
D) giving scholarships for the skilled trade programs

E) C) and D)
F) None of the above

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A patent gives inventors exclusive rights to their inventions for 20 years. 

A) True
B) False

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Which province is the only one where there is no sales tax?


A) Ontario
B) British Columbia
C) Quebec
D) Alberta

E) A) and C)
F) B) and D)

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Not-for-profit organizations are measured by different standards than for-profit businesses.Who is responsible for regulating these organizations?


A) their customers
B) their vendors
C) their suppliers
D) the government

E) A) and C)
F) A) and D)

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Which term refers to the products and goods available to a population for a period of time?


A) economic growth
B) entrepreneurship
C) quality of life
D) standard of living

E) A) and C)
F) A) and B)

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A private wrong that results in physical or mental harm to an individual or results in damage to that person's property is referred to as which of the following?


A) tort
B) punitive judgment
C) felony
D) misdemeanour

E) A) and D)
F) All of the above

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The intent of a patent is to do which of the following?


A) increase competition in the marketplace
B) reward innovation and hard work of inventors
C) slow the growth of monopolies
D) encourage copycat inventions

E) All of the above
F) B) and D)

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