Q&A Hero

Q: (p. 198 - 200) A corporate political strategy does not: A. Hinder a competitor's ability to compete economically. B. Seek to continue the firm's economic survival or growth. C. Determine the legal limits allowed for campaign financing. D. Exercise a firm's right to a voice in government affairs.

Q: (p. 203) Expert witness testimony is often provided: A. Through company newsletters. B. On the steps of the White House. C. In Congressional hearings. D. In The Wall Street Journal.

Q: (p. 198) The National Energy Plan signed into law by President Bush: A. Extended daylight savings time 11 weeks. B. Shortened daylight savings time 5 weeks. C. Extended daylight savings time 4 weeks. D. Was opposed by the barbecue industry.

Q: (p. 203) One of the most effective organizations promoting direct communications between business and policymakers is: A. The Knights of the Roundtable. B. The Business Roundtable. C. The Government Partnership Roundtable. D. The Strategic Roundtable.

Q: (p. 198) Two or more participants joining together to act in concert in the political process is called: A. A political coalition. B. An ad hoc coalition. C. Cooperation. D. Regulation.

Q: (p. 203) Businesses promote an information strategy by inviting government leaders to: A. Visit local plant facilities. B. Attend company award ceremonies. C. Give speeches to employees. D. All of the above.

Q: (p. 197 - 198) In the 2008 election cycle, the United Auto Workers Union gave: A. Less than 10 percent of its $1.1 million in contributions to Democrats. B. 50 percent of its $1.1 million in contributions to Democrats. C. All of its $1.1 million in contributions to Democrats. D. None of its $1.1 million in contributions to Democrats.

Q: (p. 202) Which of the following group has seen the greatest revolving door activity? A. Professional sports agents. B. Railroad industry executives. C. Appropriations committee of the U.S. House of Representatives. D. Nongovernmental organizations in the northeast U.S.

Q: (p. 197) In a 2009 Harris poll, how many people believed that political action committees were seen as too powerful? A. 85 percent. B. 65 percent. C. 45 percent. D. 15 percent.

Q: (p. 201) Since 1998, the number of lobbyists has risen about: A. 12 percent B. 32 percent C. 42 percent. D. 72 percent

Q: (p. 196) Proponents of business as a political participant argue: A. A pluralistic system invites many participants. B. It is business's constitutional right to be involved. C. Business is a vital stakeholder of government. D. Both A and C, but not B.

Q: (p. 201) Lobbyists, under U.S. law, must disclose their: A. Political affiliation and expenses. B. Earnings. C. Expenses. D. Earnings and expenses.

Q: (p. 198) Most scholars agree that business must participate in politics.

Q: (p. 196) Public policies and government regulations are shaped by: A. Business. B. Special interest groups. C. Government officials D. All of the above.

Q: (p. 197) Labor unions have been an active participant in United States politics for decades.

Q: (p. 195) In 2008, a Google and Yahoo advertising partnership that would allow Google to sell ads alongside some search results in Yahoo prompted: A. State legislatures to consider changing their regulation of advertising pharmaceuticals. B. Other social media participants to rush to the same type of partnerships. C. Protests by consumer groups, advertising associations and some firms. D. A warm reception by the Obama administration.

Q: (p. 197) Various stakeholder groups often use far different tactics than businesses to influence government officials, elections, and regulation.

Q: (p. 214 - 215) Campaign finance reforms can be found in many countries other than the United States.

Q: (p. 208) Advocacy advertising focuses not on a company's views on controversial political issues, but rather on a particular product or service.

Q: (p. 196) In many countries, the political environment has a select few participants.

Q: (p. 196) The emergence of public issues often encourages companies to monitor public concerns, respond to government proposals, and participate in the political process.

Q: (p. 204) According to the textbook, in 2009, corporations are permitted by law to make direct contributions to political candidates for national and most state offices.

Q: (p. 196) Businesses have an absolute right to exist and pursue profits.

Q: (p. 203) Expert witnesses provide information to legislators for businesses or business groups.

Q: (p. 202) Sometimes businesspeople leave the private sector to take employment in government before returning to the corporate world.

Q: (p. 189 - 190) Why does international regulation occur? Discuss the conditions that affect the regulation of business in a global context.

Q: (p. 186 - 189) 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?

Q: (p. 201) Under U.S. law, lobbying activities must be disclosed publicly.

Q: (p. 200) The most effective type of lobbying involves targeting only federal officials.

Q: (p. 181 - 186) Government regulations come in different forms. Discuss the major types of government regulations of business.

Q: (p. 199) Loaning office personnel is a financial-incentive political strategy tool.

Q: (p. 180 - 181) Identify and compare the four reasons why governments turn to regulation as a way to solve their problems.

Q: (p. 181) Regulation can be argued as justified based on: A. Collective market theory. B. Utilitarian and justice grounds. C. The life cycle of regulation. D. Tradition.

Q: (p. 199) Businesses must wait for a public issue to arise before forming a political strategy.

Q: (p. 178 - 180) Compare and contrast economic policies with social assistance policies.

Q: (p. 181) Which of the following are examples of natural monopolies? A. Electric utilities and railroads. B. Cable television and the media. C. Internet services and trucking. D. None of the above.

Q: (p. 175 - 178) Define each key element of public policy process and provide an illustration or example for each element.

Q: (p. 180) The primary way of accomplishing public policy is through: A. Waiting for businesses to act. B. Lobbying Congress. C. Regulation. D. Writing your politician.

Q: (p. 173 - 175) How do governments seek to cooperate with or work at arm's length with business? Does it matter whether the government is legitimately elected or has illegitimately acquired power?

Q: (p. 179) By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank: A. Influences the size of the nation's money supply. B. Influences the value of the dollar. C. Minimizes investor confidence about the nation's future. D. Both A and B, but not C.

Q: (p. 189) In 2008 two new global regulations to reduce injuries from accidents by better safety glazing of windows and mandating more geometric fitting head restraints in all vehicles were adopted by the: A. United Nations. B. European Commission. C. National Transportation and Safety Board. D. World Forum for Harmonization of Vehicle Regulations.

Q: (p. 179) Policies that affect the supply, demand, and value of a nation's currency are: A. International standards policies. B. Social assistance policies. C. Fiscal policies. D. Monetary policies.

Q: (p. 188) Reregulation is: A. The adoption of regulation in another country to promote trade. B. Necessary since all regulation has a time limit. C. The increase or expansion of government regulation. D. The shifting of regulation to the state level from the national level.

Q: (p. 188) Deregulation has occurred in the following industries: A. Commercial airlines, sheet metal, and interstate trucking. B. Commercial airlines, railroads, and financial institutions. C. Commercial airlines, interstate trucking, and silicon chip manufacturing. D. Financial institutions, railroads, and silicon chip manufacturing.

Q: (p. 179) An example of an early economic public policy was: A. The abolition of slavery. B. Public works projects of the Great Depression. C. The creation of the Homeland Security Office. D. President Johnson's Great Society programs.

Q: (p. 178 - 179) Patterns of government taxing and spending that are intended to stimulate or support the economy are: A. International standards policies. B. Social assistance policies. C. Fiscal policies. D. Monetary policies

Q: (p. 188) Deregulation is often: 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.

Q: (p. 178 - 179) Economic policies include: A. Fiscal and monetary policies. B. Monetary and social assistance policies. C. Fiscal and social assistance policies. D. Policies initiated by the Federal Reserve System.

Q: (p. 186) Total social regulation costs are: A. Slightly higher than total economic regulation costs. B. Slightly less than total economic regulation costs. C. Significantly higher than total economic regulation costs. D. Equal to total economic regulation costs.

Q: (p. 178) Public policy effects are: A. Impossible to measure. B. Easily quantifiable for the trained public policy expert. C. Only known ten years after the public policy is enacted. D. Sometimes intended and sometimes unintended.

Q: (p. 185) An example of a regulatory agency charged with enforcing social regulation is: A. Federal Aviation Administration. B. Federal Trade Commission. C. Federal Communications Commission. D. Internal Revenue Service.

Q: (p. 177) Public policy tools involve a combination of: A. Incentives and political favors. B. Penalties and prison terms. C. Incentives and penalties. D. Political favors and prison terms.

Q: (p. 185) Which of the following is not an example of a social regulatory agency? A. Consumer Product Safety Commission. B. Equal Employment Opportunity Commission. C. National Highway Traffic Safety Administration. D. National Labor Relations Board.

Q: (p. 176) The National Safety Council estimate that motorists using cell phones are: A. As safe as motorists who do not use cell phones. B. Responsible for 6% of U.S. auto accidents each year. C. Ten times more likely to crash. D. More likely to contract ear infections.

Q: (p. 170) Managers' understanding of government regulations is: 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.

Q: (p. 181 - 182) Economic regulations: 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.

Q: (p. 176) Governments being asked to ban the use of cell phones by drivers are examples of a public policy: A. Input. B. Goal. C. Effect. D. Tool.

Q: (p. 190) The chairman of the International Chamber of Shipping called on the United Nations to loosen global emissions regulations for all vessels.

Q: (p. 176) The Mullahs in Iran is an example of the power of government derived from: A. A monarchy. B. A military dictatorship. C. A religious authority. D. A democracy.

Q: (p. 189) Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.

Q: (p. 189) Regulation cannot be applied to international business behavior.

Q: (p. 176) Past decisions of the courts, the original basis for the U.S. legal system, are called: A. Torts. B. Amendments. C. Legitimate actions. D. Common laws.

Q: (p. 188) Regulatory activity often is cyclical.

Q: (p. 175) Public policy is a basic set of goals, plans and actions undertaken by: A. Political lobbyists. B. A government. C. Business advocacy groups. D. Police and fire departments.

Q: (p. 175) An example of an illegitimate government can be seen in: A. Myanmar (Burma). B. Russia. C. The United States. D. Spain.

Q: (p. 187) Most experts can agree the government spending on U.S. regulatory activities will begin to decrease by the early 2010s.

Q: (p. 186) Cost-benefit analysis is often used to determine the costs of regulation.

Q: (p. 174) Cooperation between business and government often occurs when: A. They encounter a common problem or enemy. B. Business can afford it. C. Business is required by law to cooperate. D. Government has the support of the people.

Q: (p. 182) Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.

Q: (p. 173 - 175) Around the world, government: A. Tends to cooperate with business. B. Tends to be in conflict with business. C. Sometimes cooperates and sometimes is in conflict with business. D. Tends to be controlled by business.

Q: (p. 173) Governments hold the power to: A. Grant permission for only specific business activity. B. Grant or refuse permission for many types of business activity. C. Refuse permission for only government funded activity. D. None of the above.

Q: (p. 179) A national health care policy is an example of an economic policy.

Q: (p. 173) Government's role is to create and enforce laws that: 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.

Q: (p. 179) Monetary policies refer to policies that affect the supply, demand and value of the nation's currency.

Q: (p. 151 - 152) Global corporate citizenship is more than espoused values; it requires action. Discuss some of the ways forward-thinking companies are changing to improve their ability to act as responsible citizens.

Q: (p. 171) In 2009, the International Monetary Fund and the World Bank projected that the global economic crisis would lead to losses: A. Within the financial sector only. B. Of more than $4 trillion in the value of stock and other assets. C. That would prohibit governments from imposing any new regulations. D. Of less than $4 million in the value of stock and other assets.

Q: (p. 178) Public policy effects are always unintended consequences of an action.

Q: (p. 147 - 149) Define global corporate citizenship. Why has corporate citizenship recently become so complicated?

Q: (p. 176) In non-democratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.

Q: (p. 164) Triple bottom line disclosure is primarily driven by: A. Noneconomic drivers. B. Managerial accounting drivers. C. Economic drivers. D. Technological advances.