BUS 100 Lesson 6 Reading Quiz

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 these answers are correct.

A

Cooperation between business and government often occurs when: a) Government has the support of the people b) They encounter a common problem or enemy c) Business can afford it d) Business operates at arm's length from the government

B

Government regulations help balance negative externalities such as: a) Age restrictions for Social Security recipients. b) No smoking rules enforced to mitigate the effects of second-hand smoke. c) Drug testing at private businesses. d) Gender controls over alcohol purchases and consumption.

B

Which political action strategy seeks to gain support from other affected organizations to better influence policymakers? a) Information strategy. b) Constituency-building strategy. c) Financial-incentive strategy. d) Lobbying strategy.

B

A common tactic in a financial-incentive political strategy is: a) Lobbying b) Legal challenges. c) Political contributions. d) Expert witness testimony.

C

A large sporting goods store that raised the age for purchase of some firearms in response to public concerns for gun control were seen by detractors as: a) Being too selfish to care about humanity. b) Trying to solve a problem they had no expertise in. c) Risking their reputation by engaging in politics. d) Being too small and weak to make a difference.

C

Around the world, government: a) Tends to be controlled by business. b)Tends to be in conflict with business. c) Sometimes cooperates and sometimes is in conflict with business. d) Tends to cooperate with business.

C

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.

D

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 of these answers are correct: A pluralistic system invites many participants; and business is a vital stakeholder of government.

D

Public policies and government regulations are shaped by: a) Business b) Special interest groups. c) Government. d) All of these answers are correct.

D