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Chapter 10: Government Regulation

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Chapter 10: Government Regulation

5 problems · 0 figures

10-1 §10.AQ source ↗

What is administrative law?

Answer

Administrative law is also referred to as regulatory and public law. It is the law that is related to administrative agencies. Administrative agencies are established by statutes and governed by rules, regulations and orders, court decisions, judicial orders, and decisions.

10-3 §10.AQ source ↗

The FDA stands for:
  1. a.
    The First Drug Administration.
  2. b.
    The Federal Drug Administration.
  3. c.
    The Food and Drug Administration.
  4. d.
    The Food and Diet Administration.

Answer

C. The Food and Drug Administration.

10-5 §10.AQ source ↗

How does the FDA fulfill its role?

Answer

The FDA was created to protect the public’s health. The agency’s responsibilities are very broad. The agency fulfills its role by ensuring the safety and effectiveness of drugs consumed by people and animals, biological products, medical devices, food, and cosmetics.

10-7 §10.AQ source ↗

The process of assigning authority to administrative agencies is called:
  1. a.
    An assignment.
  2. b.
    A directive.
  3. c.
    A passing.
  4. d.
    A delegation.

Answer

D. A delegation.

10-9 §10.AQ source ↗

The Bureau of Economics concentrates on all but the following:
  1. a.
    Consumer protection investigation.
  2. b.
    Rulemaking.
  3. c.
    Lower prices for consumers.
  4. d.
    Economic impact of government regulation.

Answer

C. Lower prices for consumers.

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Problems and answers are adapted from Business Law I Essentials 2e by Mirande Valbrune, Renee De Assis and Suzanne Cardell, OpenStax, and are used under the CC BY-NC-SA 4.0 licence. Access for free at https://openstax.org/books/business-law-i-essentials-2e/pages/1-introduction. Illustrations: Copyright Rice University, OpenStax, under CC BY-NC-SA 4.0 license. This adaptation is released under the same licence, is non-commercial, and is neither affiliated with nor endorsed by OpenStax or Rice University.