Question 1

Economic regulations:

Accepted Answer

A)   Can only exist for 37 years unless renewed.
B)   Apply only to older industries.
C)   Always conflict with social regulation.
D)   Cut across industry lines.

Question 2

Patterns of government taxing and spending that are intended to stimulate or support the economy are:

Accepted Answer

A)   International standards policies.
B)   Social assistance policies.
C)   Fiscal policies.
D)   Monetary policies.

Question 3

Deregulation is often:

Accepted Answer

A)   A politically popular idea.
B)   A politically unpopular idea.
C)   Seen during a Democratic federal administration.
D)   Found in European countries but not in the United States.

Question 4

Regulation cannot be applied to international business behavior.

Accepted Answer

A) True 
 B)False

Question 5

Public policy tools involve a combination of:

Accepted Answer

A)   Incentives and political favors.
B)   Penalties and prison terms.
C)   Incentives and penalties.
D)   Political favors and prison terms.

Question 6

In non-democratic countries,the power of government may derive from a monarchy,military dictatorship,or religious authority.

Accepted Answer

A) True 
 B)False

Question 7

Public policy effects are always unintended consequences of an action.

Accepted Answer

A) True 
 B)False

Question 8

A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.

Accepted Answer

A) True 
 B)False

Question 9

Managers' understanding of government regulations is:

Accepted Answer

A)   Both a domestic and international issue.
B)   Primarily a domestic issue.
C)   Primarily an international issue.
D)   An international issue only for large firms.

Question 10

What could the United States government do about the out of control costs of regulation and the staffing of regulatory agencies in the United States?

Accepted Answer

There are several potential actions the ...

Question 11

Regulation can be argued as justified based on:

Accepted Answer

A)   Collective market theory.
B)   Utilitarian and justice grounds.
C)   The life cycle of regulation.
D)   Tradition.

Question 12

Government's role is to create and enforce laws that:

Accepted Answer

A)   Control businesses' actions in society.
B)   Protect businesses' interest in society.
C)   Protect society from business.
D)   Balance the relationship between business and society.

Question 13

When a government orders companies not to conduct business in another country because of a war,human rights violations,or lack of a legitimate government; these orders are called:

Accepted Answer

A)   Government bailouts.
B)   Political sanctions.
C)   Economic sanctions.
D)   Government stop-orders.

Question 14

Why does international regulation occur? Discuss the conditions that affect the regulation of business in a global context.

Accepted Answer

International regulation occurs for seve...

Question 15

Which of the following represents a structural remedy for an antitrust violation?

Accepted Answer

A)   Paying a large fine.
B)   Breaking up a monopoly.
C)   Disclosure of company information to rivals.
D)   Agreeing to change a firm's conduct.

Question 16

Monetary policies refer to policies that affect the supply,demand and value of the nation's currency.

Accepted Answer

A) True 
 B)False

Question 17

How do governments seek to cooperate with or oppose business? Does it matter whether the government is legitimately elected or has illegitimately acquired power?

Accepted Answer

Governments seek to cooperate with or op...

Question 18

Past decisions of the courts,the original basis for the U.S.legal system,are called:

Accepted Answer

A)   Torts.
B)   Amendments.
C)   Legitimate actions.
D)   Common laws.

Question 19

Public policy is a plan of action undertaken by business to influence the government.

Accepted Answer

A) True 
 B)False

Question 20

Antitrust laws protect consumers from:

Accepted Answer

A)   Anticompetitive practices by business.
B)   Selling products above cost to drive away rivals.
C)   Conspiring with business partners to increase competition.
D)   Firms using market dominance to expand commerce.

Exam 7: Businessgovernment Relations

Public policy is a plan of action undertaken by business to influence the government.

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Government's role is to create and enforce laws that:

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Economic regulations:

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Public policy tools involve a combination of:

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Deregulation is often:

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Past decisions of the courts,the original basis for the U.S.legal system,are called:

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Public policy effects are always unintended consequences of an action.

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How do governments seek to cooperate with or oppose business? Does it matter whether the government is legitimately elected or has illegitimately acquired power?

Correct AnswerAnswered by ExamLex AIGovernments seek to cooperate with or op...View AnswerShow Answer

In non-democratic countries,the power of government may derive from a monarchy,military dictatorship,or religious authority.

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Regulation cannot be applied to international business behavior.

Correct AnswerverifiedShow Answer

What could the United States government do about the out of control costs of regulation and the staffing of regulatory agencies in the United States?

Correct AnswerAnswered by ExamLex AIThere are several potential actions the ...View AnswerShow Answer

Why does international regulation occur? Discuss the conditions that affect the regulation of business in a global context.

Correct AnswerAnswered by ExamLex AIInternational regulation occurs for seve...View AnswerShow Answer

Regulation can be argued as justified based on:

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A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.

Correct AnswerverifiedShow Answer

Managers' understanding of government regulations is:

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Monetary policies refer to policies that affect the supply,demand and value of the nation's currency.

Correct AnswerverifiedShow Answer

Antitrust laws protect consumers from:

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Which of the following represents a structural remedy for an antitrust violation?

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When a government orders companies not to conduct business in another country because of a war,human rights violations,or lack of a legitimate government; these orders are called:

Correct AnswerverifiedShow Answer

Patterns of government taxing and spending that are intended to stimulate or support the economy are:

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
Governments seek to cooperate with or op...
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Correct Answer
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Correct Answer
Answered by ExamLex AI
There are several potential actions the ...
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Correct Answer
Answered by ExamLex AI
International regulation occurs for seve...
View Answer

Correct Answer
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