Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Business Ethics
Q:
More sophisticated statistical techniques used to investigate the connection between PAC giving and congressional voting provide results that
A.show a causal connection.
B.are mixed.
C.show no connection.
D.show a weak relationship.
Q:
Simple correlations indicate that there is a connection between PAC giving and
A.growth in the number of PACs.
B.membership in PACs.
C.congressional voting.
D.tax loopholes.
Q:
The problem with PACs is
A.their lack of acceptance within the business sector.
B.the growing dependence of politicians on PAC money to get elected.
C.their reliance on bribery to influence politicians.
D.their ability to avoid paying taxes.
Q:
The top PAC contributor during the 2010 election cycle was
A.International Brotherhood of Electrical Workers.
B.Teamsters.
C.Service Employees International Union.
D.Lockheed Martin.
Q:
The Golden Rule of Politics is
A.do unto others before they do unto you.
B.do unto others as you would want done to you.
C.he who has the gold, rules.
D.do unto others as they would want done to them.
Q:
The principal instruments through which business uses its financial resources to influence government are
A.umbrella organizations.
B.political action committees.
C.trade associations.
D.lobbyists.
Q:
Distinct groups or parties that realize they have something in common, so that it makes sense for them to join forces, typically form
A.joint ventures.
B.partnerships.
C.coalitions.
D.limited liability corporations.
Q:
The National Federation of Independent Businesses (NFIB) attributes its newfound power to
A.the growth of multinational companies.
B.globalization.
C.its new status as a trade association.
D.its success at grassroots lobbying.
Q:
The primary focus of the Business Roundtable is
A.free trade policies.
B.taxation policies.
C.the economic well-being of the nation.
D.executive compensation.
Q:
The Business Roundtable is an association of
A.Fortune 500 companies.
B.CEOs of leading companies.
C.leading consulting firms.
D.human resource executives.
Q:
The National Association of Manufacturers (NAM) has been
A.receiving accolades from its small and medium-sized members for focusing on their particular needs.
B.advocating for protectionist trade policies.
C.having a difficult time recently, with a slow recovery in the manufacturing sector.
D.credited with helping create the gain in manufacturing jobs.
Q:
One of the ways that the Chamber of Commerce has regained its power is by
A.making large campaign contributions on its own behalf.
B.dispensing favors to individual businesses that do not want their company name associated with lobbying efforts.
C.hiring outside lobbyists to help it attract more members.
D.focusing on international trade issues.
Q:
Which of the following is not an umbrella organization?
A.Chamber of Commerce
B.National Association of Manufacturers
C.Pharmaceutical Research and Manufacturers of America
D.Business Roundtable
Q:
Which industry was noted for spending more on lobbying than all others?
A.gaming
B.oil
C.pharmaceutical
D.auto
Q:
In lobbying, a trade association often uses
A.written phone banks.
B.use grassroots lobbying support.
C.lagging promotion.
D.limited spending.
Q:
One recommendation to make cyberadvocacy more effective is for advocates to
A.make their e-mails targeted to the recipient and specific in nature.
B.send their e-mails to all members of Congress.
C.include attention-grabbing subject lines in their e-mails.
D.provide no identifying information in order to protect their privacy.
Q:
Using the Internet to communicate with grassroots supporters and enable them to contact their legislators is termed
A.grassroots lobbying.
B.astroturf lobbying.
C.cyberadvocacy.
D.company lobbying.
Q:
Lobbying efforts that do not represent the genuine concerns of the citizens supposedly involved is called
A.grassroots lobbying.
B.astroturf lobbying.
C.cyberadvocacy.
D.company lobbying.
Q:
The process of mobilizing individual citizens who might be most directly affected by legislative activity to political action is called
A.grassroots lobbying.
B.astroturf lobbying.
C.cyberadvocacy.
D.company lobbying.
Q:
Business lobbyists do all of the following things for their clients except
A.establish communications channels with regulatory bodies.
B.protect firms against surprise legislation.
C.audit the effects of passed legislation.
D.help draft legislation.
Q:
Which of the following is not usually a function that lobbyists serve for their clients?
A.monitoring legislation
B.helping members of Congress get reelected
C.organizing grassroots efforts
D.helping former members of Congress find jobs
Q:
The central product of the new breed of lobbyist is
A.influence.
B.access.
C.advice.
D.information.
Q:
When a firm advocates for its own special interest, it is
A.acting as an umbrella organization.
B.representing its trade association.
C.harming it labor union.
D.company lobbying.
Q:
Lobbying organizations that are composed of many firms in a given industry or line of business are called
A.umbrella organizations.
B.trade associations.
C.labor unions.
D.company lobbying.
Q:
Lobbying organizations that represent the collective business interests of the United States are called
A.umbrella organizations.
B.trade associations.
C.labor unions.
D.company lobbying.
Q:
Lobbying takes place at all of the following levels except
A.umbrella organizations.
B.PACs.
C.trade associations.
D.company lobbying.
Q:
The process of influencing public officials to promote or secure the passage or defeat of legislation is known as
A.bribery.
B.activism.
C.lobbying.
D.suffrage.
Q:
Which of the following is not a major approach that business uses to influence government?
A.lobbying
B.PACs
C.coalition building
D.vigilance
Q:
Participation in the formulation and execution of public policy at various levels of government is
A.available only to individual citizens.
B.required by the constitution.
C.lobbying.
D.political involvement.
Q:
Special-interest politics results in a balance of power among the organizations advocating for their positions, thus serving
A.their individual interests.
B.the public interest.
C.no one's interest.
D.government's interest.
Q:
When a business assumes an advocacy role for its interests, it is
A.doing what is normal and expected.
B.breaking the law.
C.operating at the trade association level.
D.allowing government to influence it.
Q:
As the regulatory environment has become more complex, businesses have had little choice but to
A.move offshore.
B.follow the rules closely.
C.become more politically active.
D.avoid the political process.
Q:
Astroturf lobbying is massively regulated.
Q:
The number of registered lobbyists has decreased along with the amount of money spent on lobbying.
Q:
Current approaches seem to marginalize business and trade associations.
Q:
A political strategy for public activism is keeping an issue off the public agenda and out of the limelight.
Q:
Most of the challenges to the Bipartisan Campaign Reform Act were based on the right to free speech.
Q:
So called "hard money" refers to campaign contributions that are given directly to the candidates.
Q:
PACs are uniformly well thought of in American society.
Q:
So many loopholes in federal regulations have been closed that the only way for business to circumvent regulations is by avoiding taxes.
Q:
Leadership PACs were designed to allow lawmakers holding safe seats to funnel money to colleagues without a risk of not being reelected.
Q:
PACs allow labor to organize their giving.
Q:
The money that PACs donate to political candidates has brought about great benefit to the political system.
Q:
Individuals are less restricted in their contributions to political candidates than are PACs.
Q:
PACs are, by their nature, quite different from lobbying.
Q:
An umbrella organization has a broad base of membership that represents businesses in several different industries.
Q:
Because it represents a single industry or line of business, a trade association is able to present a unified message when lobbying Congress.
Q:
Because of the difficulty in coordinating the effort, grassroots lobbying is no longer used extensively.
Q:
To be effective, grassroots lobbying must be genuine, or at least appear to be genuine.
Q:
Lobbyists are affectionately known as "influence peddlers."
Q:
Lobbying takes place only at the federal government level.
Q:
Lobbyists are generally interested in the common good.
Q:
For large corporations today, political involvement is not optional and government has granted them more power to do so.
Q:
The way in which most legislation gets passed is through special-interest politics.
Q:
Government is not a central stakeholder of business.
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
How does the airline industry go from watershed to snowed under?
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Articulate a brief history of government's role in business.
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Given information from this chapter, can governments manage more ethically than capitalism?
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Regulation imposes new costs on business, including direct, indirect, and induced costs. Which type of additional cost is most important to consider in the regulation process?
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Using the arguments for and against industrial policy, discuss the benefits and detriments of government support for the hydrogen economy (i.e., using hydrogen as a primary source of fuel to replace oil).
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Industrial policy sometimes allows, or requires, government financial assistance to certain industries (e.g., the airline industry or the railroad industry). In addition to industry-wide assistance, the government has on occasion provided bailouts for individual firms. Is bailing out a specific company an appropriate use of government regulation?
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
According to the authors, the tension between business and government is "a clash of ethical systems." If it is, compare such a viewpoint with Neil Jacoby's comments provided in the text.
Q:
Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Why does government regulate business?
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Discuss the reasons for the overlapping trends of regulation and deregulation.
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
One of the functions that proponents want to privatize is education. Discuss the benefits and detriments of privatizing education.
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Compare and contrast economic regulation and social regulation.
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
One reason that government might regulate business is to control excessive competition. Government also regulates business to control natural monopolies. Which situation is worse--monopoly or excessive competition?
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
In an economy that says it seeks to maximize profits for the individual firm, how can the United States government justify regulating business to control excess profits?
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Distinguish between producing a service and providing a service. Why is this distinction important in the debate over privatization?
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Discuss the likelihood that the United States can develop a planned, successful industrial policy.
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Who determines the public interest?
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Discuss the ability of the public or its government to establish social priorities.
Q:
Provide a short answer to each of these questions. Be sure to fully explain your answer.
Why is it incumbent upon government to promote social goals such as safe working environments, clean air, and safe products?
Q:
Which of the following is not an effect of induced costs?
A.small businesses may be adversely affected.
B.new agencies created.
C.new investments in plant and equipment may be affected.
D.innovation may be affected.
Q:
Which of the following is not preventing privatization?
A.the global economic recession.
B.service provisions
C.public backlash.
D.high leverage investments in state and local infrastructures.
Q:
Which of the following is not a U.S. preference on industrial policy?
A.one that enables industrialization.
B.one that focuses on science.
C.one that does not conflict with widely held view on the role of government in the economy.
D.one that enables specialization.
Q:
Which of the following is not a concern expressed by executives about government involvement in business?
A.it is difficult to determine the best way to work productively with government.
B.regulators and policy makers do not understand the economics of their industry
C.government blames business for society's problems
D.U.S adults said government should do more
Q:
Which of the following is not a role increasing government's complex relationship with business?
A.government is a major purchaser.
B.government can elevate some businesses while devaluing others.
C.government cannot have buying power
D.government can create new businesses through subsidization.
Q:
Which of the following industries has not been affected by deregulation?
A.financial services.
B.trucking
C.computer software
D.airline
Q:
The dilemma of deregulation is
A.to enhance competition within the industry without harming workers' status.
B.to enhance competition within the industry without sacrificing applicable social regulations.
C.to prevent monopolies without allowing hypercompetition.
D.to provide business more freedom without completely abandoning governmental authority.