385 Final review 3

Business involvement in the community represents enlightened self-interest. a. True b. False

a

Enterprise rights are derived from a. employer promises. b. labor demands. c. negotiated contracts. d. the labor market.

a

Market share liability is rarely successful in current product liability lawsuits. a. True b. False

a

One approach to resolving air pollution problems, intended to reduce a particular pollutant over an entire industrial region by treating all emission sources as if they were under one bubble is called a. emissions trading. b. blanket controls. c. comprehensive emissions regulation. d. the clean air provision.

a

Which of the following is not part of the FDA's mission? a. to help identify and develop new foods and drugs b. to promote the public health c. to protect the public health d. to help reduce the burden of regulation

a

With respect to service, consumers are concerned with which of the following? a. performance b. building time c. provider attributes d. durability

a

All of the following are reasons that government regulation of business is needed except a. to ensure that customers and employees are treated fairly. b. maintain competitive markets. c. to protect the envirornnent. d. to ensure that customers and employees are not exposed to unreasonable hazards.

b

Arguments against privatization include all of these except: a. social goals. b. service provisions. c. public backlash. d. safety concerns.

b

Lobbyists often provide all of the following services, except: a. create slick advertisements. b. conduct indirect-mail campaigns. c. provide access to lawmakers. d. draft legislation.

b

Managers have successfully lobbied Congress to make shareholder lawsuits very difficult to file. a. True b. False

b

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.

b

Regarding the independence of SuperPacs from the political candidates they support, it is most correct to say: a. they are completely independent of any political candidate. b. they coordinate with the political candidate of their choice behind closed doors. c. those who run the SuperPac know the candidate so well, they do not need to consult to coordinate efforts. d. None of these is true

b

The central product of the new breed of lobbyist is a. influence. b. access. c. advice. d. information

b

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 goverrnnental authority.

b

The focus of total quality management programs is a. quality. b. the customer. c. efficiency. d. worker satisfaction.

b

The issue at the heart of the Sarbanes-Oxley Act is protection for whistle-blowers. a. True b. False

b

The primary focus of the Business Round table is a. free trade policies. b. opposing shareholder empowerment. c. the economic well-being of the nation. d. executive compensation

b

_____ was protection for federal employees who expose illegal, corrupt, or wasteful government activities. a. Employment-At-Will Doctrine b. False Claims Act c. Civil Service Reform Act d. Michigan Whistle-Blowers Protection Act

b

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

c

Government influences business through all of the following nonregulatory methods except a. being a major employer. b. being a standard setter. c. requiring equal employment opportunities be granted to job applicants. d. providing transfer payments.

c

Requirements of a due process system include all of the following except a. institutionalization. b. ease of use. c. subject to review and appeal. d. applicable to all employees.

c

The newest type of social regulations is concerned primarily with a. envirornnental protection. b. corporate welfare. c. security. d. educational reform.

c

A strong industrial policy: a. is present in most developing countries. b. is a term heard continuously. c. is goverrnnent intervention. d. helps frrms compete in a fast-moving global economy.

d

One of the strengths of Six Sigma program's has been its a. laser-like focus on worker satisfaction. b. increase in customer loyalty. c. contribution to research in production quality. d. clarity of process and the steps companies must take to adopt it.

d

Social regulation's focus on people encompasses their roles as all of the following except a. employees. b. consumers. c. citizens. d. business owners.

d

The new social contract is being driven by a. the employee rights movement. b. technology. c. deregulation. d. global competition.

d

Which of the following is not one of the top consumer product categories most frequently associated with injuries requiring hospital treatment? a. sports and recreational activities b. horne maintenance and construction c. toys and children's products d. automobiles

d