Lesson 3.17.1
3.17.1 Legal factors Quiz: OCR Business, Unit 3
20 questions
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Lesson 3.17.1, Legal factors: 20 multiple choice questions for the OCR Business (H431), Unit 3: External influences, written with Revision Ninja.
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The 20 questions
-
What type of legal protection prevents competitors from copying a business's brand name and logo?
- Copyright
- Registered design
- Patent
- Trademark
-
Which law ensures employees receive equal pay for equal work of equal value in the UK?
- Consumer Rights Act
- Data Protection Act
- Employment Rights Act
- Equality Act
-
What is the primary purpose of the Health and Safety at Work Act for businesses?
- Protect workplace safety
- Prevent trade monopolies
- Enforce minimum wage
- Protect consumer rights
-
A firm accidentally leaks customer personal details online. Which law has been breached by this firm?
- Financial Conduct Act
- Data Protection Act
- Copyright Act
- Consumer Rights Act
-
What legal document creates a legally binding agreement between a buyer and a seller?
- Contract
- Patent
- Articles of Association
- Trademark
-
Which UK regulator oversees fair conduct and competition within financial services markets?
- Financial Conduct Authority
- Competition Markets Authority
- Health Safety Executive
- Environment Agency
-
Which intellectual property right protects original technical inventions and manufacturing processes?
- Patent
- Trade secret
- Copyright
- Trademark
-
A business plans to build a large factory extension. Which approval must it secure first?
- Financial authorisation
- Health clearance
- Environmental audit
- Planning permission
-
What is a major financial risk for a sole trader who breaches a legal contract?
- Unlimited liability
- Higher corporation tax
- Loss of patent
- Limited liability
-
Under the Consumer Rights Act, goods sold by a business must be of what standard?
- Average quality
- Luxury quality
- Satisfactory quality
- Premium quality
-
What is the primary objective of environmental legislation imposed on commercial businesses?
- Increase profit margins
- Protect intellectual property
- Reduce pollution
- Reduce tax burden
-
A business installs expensive safety guards on machinery. What business objective might this conflict with?
- Customer satisfaction
- Product quality improvement
- Brand recognition
- Short-term profit maximisation
-
What formal financial penalty can regulatory authorities impose on non-compliant businesses?
- Subsidy withdrawal
- Higher dividend
- Heavy fine
- Tax refund
-
Which legal rights protect employees against unfair dismissal after completing required service?
- Employment rights
- Consumer rights
- Financial conduct
- Planning regulations
-
Which legal document sets out the internal management rules of a limited company?
- Certificate of Incorporation
- Trading Licence
- Partnership Deed
- Articles of Association
-
Which intellectual property protection automatically applies to original written or artistic work?
- Patent
- Registered design
- Trademark
- Copyright
-
A factory illegally dumps industrial waste into a river. Which agency enforces compliance?
- Financial Conduct Authority
- Environment Agency
- Trading Standards
- Health Safety Executive
-
How does full legal compliance most directly benefit a firm's long-term corporate reputation?
- Eliminates all risk
- Builds stakeholder trust
- Reduces corporation tax
- Guarantees monopoly power
-
Which legal document outlines the profit distribution and responsibilities among partners?
- Employment Contract
- Deed of Partnership
- Memorandum of Association
- Articles of Association
-
What severe criminal consequence can company directors face for egregious safety violations?
- Loss of copyright
- Compulsory takeover
- Higher interest rates
- Imprisonment
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