BUS 475 Week 4 Quiz

Question 1

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

Paying   a large fine.

Breaking   up a monopoly.

Disclosure   of company information to rivals.

Agreeing   to change a firm’s conduct.

Question 2

Which of these cost-savings measures saved U.S. regulatory agencies nearly $2 billion since 2011?

Promotion   of telemedicine in rural areas.

Coordination   of hazards warning with other nations.

Removal   of redundant reporting requirements.

All   of the above.

Question 3

Public policy tools involve a combination of:

Incentives   and political favors.

Penalties   and prison terms.

Incentives   and penalties.

Political   favors and prison terms.

Question 4

Antitrust laws protect consumers from:

Anticompetitive   practices by business.

Selling   products above cost to drive away rivals.

Conspiring   with business partners to increase competition.

Firms   using market dominance to expand commerce.

Question 5

Reregulation is:

The   adoption of regulation in another country to promote trade.

Necessary   since all regulation has a time limit.

The   increase or expansion of government regulation.

The   shifting of regulation to the state level from the national level.

Question 6

Which political action strategy seeks to gain support from other affected organizations to better influence policymakers?

Information   strategy.

Constituency-building   strategy.

Financial-incentive   strategy.

Lobbying   strategy.

Question 7

When a firm solicits its stockholders for political contributions for a particular candidate by letter and then sends those contributions to the candidate on behalf of its stockholders, it is called:

Lobbying.

Bundling.

Collating.

Constituency   building.

Question 8

Since 2011, the total amount spent on lobbying activity has:

Remained   exactly the same.

Doubled.

Decreased   slightly.

Increased   slightly.

Question 9

A corporate political strategy does not:

Hinder   a competitor’s ability to compete economically.

Seek   to continue the firm’s economic survival or growth.

Determine   the legal limits allowed for campaign financing.

Exercise   a firm’s right to a voice in government affairs.

Question 10

To help control political favoritism, there have been global efforts to:

Promote   fairness in the electoral process.

Control   the rapid decrease in campaign costs.

Diminish   the role of political parties.

Discourage   grassroots participation.