Government and Business Relations
Exam Solutions
Course Introduction
This course examines the complex interactions between government and business, focusing on the political, legal, and regulatory environments that influence corporate strategy and operations. Students will explore how public policy, lobbying, regulation, and government intervention shape the business landscape at local, national, and international levels. The course also covers ethical considerations, the role of interest groups, the impact of globalization, and comparative government-business frameworks. By analyzing case studies and current events, students will gain a nuanced understanding of how businesses adapt to and influence public policy decisions.
Recommended Textbook
Business Government and Society 13th Edition by John F. Steiner
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18 Chapters
1434 Verified Questions
1434 Flashcards
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Page 2
Chapter 1: The Study of Business, Government, and Society
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79 Verified Questions
79 Flashcards
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Sample Questions
Q1) The economic philosophy that rejects government intervention in markets is called __.
A) socialism
B) laissez-faire
C) communism
D) totalitarianism
Answer: B
Q2) A conclusion that can be drawn from the _____ model is that business is deeply integrated into an open society and must respond to multiple economic and noneconomic factors.
A) dominance
B) market capitalism
C) stakeholder
D) countervailing forces
Answer: D
Q3) An enduring belief about which basic choices in a society are "correct" is called an idea.
A)True
B)False
Answer: False
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Chapter 2: The Dynamic Environment
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Change in the business environment is the work of 10 deep historical forces or streams of related events.
A)True
B)False
Answer: False
Q2) The employees of a business are a part of its external environment.
A)True
B)False Answer: False
Q3) Liberalization refers to the creation of networks of human interaction that span worldwide distances.
A)True
B)False Answer: False
Q4) Sustained economic growth arose in Western Europe and the United States during the first half of the twentieth century.
A)True
B)False Answer: False
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Chapter 3: Business Power
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76 Verified Questions
76 Flashcards
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Sample Questions
Q1) _____ represent every segment of global society and have many ways to restrict business,including boycotts,lawsuits,picket lines,media campaigns,and lobbying for more regulation.
A) Social interest groups
B) Governments
C) Markets
D) Economic stakeholders
Answer: A
Q2) At the _____ level of corporate power,society encounters an intangible realm of social networks,time,and physical space,a realm crossed by complex chains of cause and effect that converge and interact,shaping and reshaping the society.
A) apparent
B) exterior
C) deep
D) surface
Answer: C
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Chapter 4: Critics of Business
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) According to Aristotle,which of the following is true?
A) Courage,temperance,justice,and wisdom are "external goods".
B) Trade was a lower form of acquisition because it was activity that did not contribute to inner virtue.
C) "External goods" were superior to "goods of the soul".
D) Profit motive was to be supported.
Q2) During the Middle Ages,the Roman Catholic Church:
A) was tolerant of profit seeking.
B) focused on the acquisition of wealth.
C) sought special status for the poor.
D) love of material things was not an act against God.
Q3) What is just price?
Q4) Plutocracy refers to a society that is ruled by the wealthy.
A)True
B)False
Q5) Liberalism is a word denoting both the ideology of using markets to organize society and a set of specific policies to free markets from state intrusion.
A)True
B)False
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Chapter 5: Corporate Social Responsibility
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Civil regulation is also known as:
A) private regulation.
B) self-regulation.
C) state regulation.
D) voluntary regulation.
Q2) Discuss the evolution of social responsibility during the late 19<sup>th</sup> and early 20<sup>th</sup> centuries.
Q3) According to the Committee for Economic Development,the intermediate circle of societal expectations outlines the newly emerging responsibilities that business should assume to improve the social environment,even if they are not directly related to specific business processes.
A)True
B)False
Q4) Who were corporate trustees?
Q5) Describe any four principles of corporate social responsibility.
Q6) Discuss the rise of new global values.
Q7) Discuss the three elements of social responsibility.
Q8) Discuss corporate social responsibility in a global context.
Q10) Discuss some of the problems of cross-border corporate power. Page 7
Q9) Define social Darwinism in the context of corporate social responsibility.
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Page 8
Chapter 6: Implementing Corporate Social Responsibility
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) All of the following are examples of social performance indicators in the triple bottom line EXCEPT:
A) total amount of employee wages and benefits.
B) total hours of employee training.
C) total number of incidents of discrimination and actions taken.
D) total number of substantiated complaints regarding breaches of customer privacy.
Q2) _____ are those social issues/impacts related to factors that influence success in the marketplace.
A) Competitive social issues
B) Generic social issues
C) Value chain social impacts
D) Comprehensive social impacts
Q3) _____ values are the central beliefs that guide decisions and reside deep in a company's culture.
A) Created
B) Implicit
C) Core
D) Protected
Q4) Discuss cause marketing.What are the criticisms of cause marketing?
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Chapter 7: Business Ethics
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) The idea that only one set of ethical standards exists for business and for society is known as the theory of:
A) amorality.
B) moral muteness.
C) hypernorms.
D) moral unity.
Q2) When a court makes a monetary award to a plaintiff to correct concrete losses of his business,this is called punitive damages.
A)True
B)False
Q3) Discuss the difference,if any,between ethics and business ethics.How are they similar and different from one another?
Q4) Which of the following are awarded to deter similar actions and punish a corporation that has exhibited malicious and willful misconduct?
A) Compensatory damages
B) Nominal damages
C) Punitive damages
D) General damages
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Chapter 8: Making Ethical Decisions in Business
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79 Verified Questions
79 Flashcards
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Sample Questions
Q1) Moral intuition is a form of social intuition that is adaptive to the social environment and predominates in individual ethical decisions,more so when they are:
A) immediate.
B) abstract.
C) less emotionally loaded.
D) amenable to decision regimes.
Q2) Explain what is meant by the organization ethic in ethical decision-making and give a business example of the application of this concept.
Q3) Brain research into neural sensitivity affirms this ethic if it is defined as moral intuition enlightened by experience and ethical education.
A) The intuition ethic
B) The rights ethic
C) The equal freedom ethic
D) The virtue ethic
Q4) What is meant by the rights ethic in ethical decision-making?
Q5) Explain what is meant by the ends-means ethic in ethical decision-making and give a business example of the application of this concept.
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Chapter 9: Business in Politics
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/53624
Sample Questions
Q1) Money contributed to political candidates that is unregulated as to source or amount under federal election law is called:
A) direct money.
B) soft money.
C) earnest money.
D) hard money.
Q2) The largest and most powerful peak association is the U.S.Legislative Exchange Council,which was founded in 1912.
A)True
B)False
Q3) During the 19<sup>th</sup> century,the Anti-Saloon League:
A) advocated the use of alcohol.
B) became a strong national adversary of business.
C) was destined to be the strongest single element opposing industry over the following century.
D) accepted money for granting favors to corporations.
Q4) What is a peak association?
Q5) What are the three main features of the U.S.Constitution?
Q6) Define the federal system.
Page 12
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Chapter 10: Regulating Business
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) When an agency decides to promulgate a rule and the draft is ready,the agency publishes it as a proposed rule in the:
A) Code of Federal Regulations.
B) Official Congressional Directory.
C) United States Reports.
D) Federal Register.
Q2) The _____ was a program that gave federal regulators power to exchange funds for an ownership interest in banks and corporations.
A) Troubled Asset Relief Program
B) Temporary Liquidity Guarantee Program
C) NCUA Corporate Stabilization Program
D) Commercial Paper Funding Facility Program
Q3) The general rule that federal courts should defer to agency rules that are based on reasonable interpretations of ambiguous statutes is known as the _____ doctrine.
A) laissez-faire
B) Act of State
C) Chevron
D) Bernal
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Chapter 11: Multinational Corporations
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Business groups say that the Alien Tort Claims Act:
A) brings justice for the oppressed.
B) victimizes the world's poor "by imposing an enormous tax on investment in developing countries at a time the world desperately needs such investment."
C) will restrict U.S.officials from going to different corners of the globe and exploiting the local populations.
D) gives "people in foreign countries comfort that U.S.corporations will abide by international standards."
Q2) The single measure that best captures the activity and power of MNCs is portfolio investment.
A)True
B)False
Q3) Sometimes those using the name multinational mean to imply that these companies have erased national allegiances,becoming itinerant firms that move investment and activity from nation to nation in search of profits.
A)True
B)False
Q4) Give two examples of actions reported by Global Compact participants.
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Chapter 12: Globalization, Trade, and Corruption
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) In 2004,the United Nations added a tenth principle to the Global Compact requiring:
A) the effective abolition of child labor.
B) participant companies to adopt anti-corruption policies and controls.
C) respect for the protection of internationally proclaimed human rights.
D) the elimination of discrimination in employment and occupation.
Q2) The uniform currency used by the European Union (EU)is called the: A) euro.
B) dollar.
C) yen.
D) pound.
Q3) This theory follows that maximum gain on a worldwide basis will be realized if there are no impediments to trade,if there is free competition in pricing,and if capital flows are unrestricted.
A) The marginalist theory
B) The law of comparative advantage
C) "Buy American" laws
D) The Doctrine of Protectionism
Q4) Discuss the free trade responses to protectionism.
Q5) What are NAFTA,AFTA,and Mercosur?
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Chapter 13: Industrial Pollution and Environmental Regulation
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80 Flashcards
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Sample Questions
Q1) According to the theory of deep ecology:
A) people feel depressed when their home environment changes.
B) human interference with nature is now excessive and must be drastically reduced.
C) human beings have duties not only towards fellow humans but also towards nature.
D) rural life is superior to city life.
Q2) The National Pollution Discharge Elimination System is the permit system used to regulate:
A) emission of criteria pollutants.
B) emission of hazardous air pollutants.
C) industrial effluents from point sources.
D) industrial effluents from nonpoint sources.
Q3) A _____ effluent is a runoff that enters surface waters from diffuse sources.
A) nonpoint
B) volume
C) line
D) area
Q4) Define pollution.
Q5) What is the importance of the Environmental Protection Agency (EPA)?
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Chapter 14: Managing Environmental Quality
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Explain the process of contingent valuation.
Q2) Risk management decisions are based on the:
A) social sciences.
B) natural sciences.
C) formal sciences.
D) applied sciences.
Q3) Discuss the process of emissions trading.
Q4) The systematic calculation of the bottom line and profit of a proposed regulatory action is called:
A) cost-effectiveness analysis.
B) cost-utility analysis.
C) cost-benefit analysis.
D) QALY.
Q5) The Energy Star program:
A) advances control strategies that regulate greenhouse gases.
B) identifies household and commercial products with high energy efficiency.
C) reduces emissions by purchasing alternative energy and buying emissions offsets.
D) eliminates waste and warming gas emissions.
Q6) Define threshold.
Page 17
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Chapter 15: Consumerism
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80 Flashcards
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Sample Questions
Q1) The Consumer Product Safety Commission (CPSC)has the power to:
A) set mandatory safety standards for more than 15,000 consumer products.
B) minimize but not ban the sale of products that expose consumers to unreasonable risks.
C) prevent false and deceptive advertising.
D) protect the public from fraudulent and deceptive sales practices.
Q2) What are the two kinds of warranties?
A) Express and implied
B) Express and categorical
C) Categorical and allusive
D) Connoted and implied
Q3) Define individualism.
Q4) The _____ has oversight of deceptive marketing,but if the fraud involves a moving van the _____ takes jurisdiction.
A) Consumer Product Safety Commission;Federal Trade Commission
B) Consumer Product Safety Commission;Federal Motor Carrier Safety Administration
C) Federal Motor Carrier Safety Administration;Federal Trade Commission
D) Federal Trade Commission;Federal Motor Carrier Safety Administration
Q5) What are some of the general complaints against consumerism?
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Chapter 16: The Changing Workplace
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following is true regarding salarymen?
A) They constantly look for better opportunities.
B) Their performance is not stressed upon.
C) They take constant vacations.
D) They must work long hours.
Q2) The doctrine of liberty of contract gave equal powers to all parties,thus,employers and employees were at an equal footing.
A)True
B)False
Q3) What are the core labor standards? Define labor flexibility.
Q4) Research suggests that in heavily regulated labor markets:
A) firm size is bigger.
B) unemployment lasts longer.
C) companies invest more in new technology.
D) the labor force is more skilled.
Q5) Discuss employment-at-will doctrine.What are the three major common-law exceptions to firing at will?
Q6) What are the three important noticeable trends in the American labor force?
Q7) Discuss the worker protection scenario in Germany.
Q8) What is an employment contract?
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Chapter 17: Civil Rights, Women, and Diversity
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following countries has a feminine culture wherein cooperation and compromise have much higher priority than assertiveness and ambition?
A) The United States
B) Japan
C) Mexico
D) Scandinavia
Q2) Which of the following is used as a statistical test to measure disparate impact?
A) The one-eighth rule
B) The 80 percent rule
C) The 20 percent rule
D) The one-half rule
Q3) Define disparate treatment,disparate impact,and business necessity.
Q4) Define civil rights.
Q5) Distinguish between natural rights and civil rights.
Q6) Disparate impact exists if an employer gives less favorable treatment to employees because of their race,color,religion,sex,or national origin.
A)True
B)False
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Chapter 18: Corporate Governance
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80 Flashcards
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Sample Questions
Q1) Which of the following statements about the requirements of proxy statements is true?
A) The proposed resolution must be presented to the company for approval at least 100 days before the annual meeting.
B) Stockholders must own $3,000 or more shares for at least one year.
C) The proposal cannot exceed 1,000 words.
D) A shareholder may submit only one proposal for a particular shareholder meeting.
Q2) List three provisions that were set forth in the Sarbanes-Oxley Act.
Q3) These are outside directors who do not have business dealings with a corporation that would impair their impartiality.
A) Intermediate directors
B) Independent directors
C) Internal directors
D) International directors
Q4) According to the Dodd-Frank Act,shareholders who want to run a board candidate have to contact other shareholders at their own very high expense.
A)True
B)False
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