Business Ethics Exam 3

Hiring former government officials for positions in the corporate world is:

A and C, but not B. (2)

Deregulation is often:

A politically popular idea.

Firms in the chemical industry, which must contend with frequently changing environmental regulations and the risk of dangerous accidents, usually have:

A sophisticated political strategy.

Public policies and government regulations are shaped by:

All of the above

Government's role is to create and enforce laws that:

Balance the relationship between business and society

By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank:

Both A and B, but not C (1)

Managers' understanding of government regulations is:

Both a domestic and international issue

When a firm solicits its stockholders for political contributions for a particular candidate by letter and then sends those contributions to the candidate on behalf of its stockholders, it is called:

Bundling.

To influence government policymakers' actions, an information strategy involves:

Business leaders speaking before government policymakers

Past decisions of the courts, the original basis for the U.S. legal system, are called:

Common laws.

Antitrust laws protect consumers from:

Conspiring with business partners to increase

A company that builds stakeholder coalitions to influence government is using which strategy?

Constituency-building.

Since 2011, the total amount spent on lobbying activity has:

Decreased slightly.

A corporate political strategy does not:

Determine the legal limits allowed for campaign financing.

Which of these statements accurately describes a Super PAC?

Does not allow direct contributions to candidates or political parties.

Which of the following is not a constituency-building strategy tool?

Expert witness testimony.

An example of a regulatory agency charged with enforcing social regulation is:

Federal Trade Commission.

In a survey of 110 companies in 2014, the most frequent public affairs tactic was related to:

Federal government regulations

Patterns of government taxing and spending that are intended to stimulate or support the economy are:

Fiscal policies.

In 2012 the European Union imposed a carbon emissions fee on all airlines flying in and out of EU airspace that:

Generated great opposition from more than two dozen countries.

Governments hold the power to:

Grant or refuse permission for many types of business activity.

What method(s) did the businesses opposed to Arkansas' "religious freedom" laws use to influence lawmakers?

Hired private lobbyists.

Public policy tools involve a combination of:

Incentives and penalties.

Governments being asked to regulate driving distractions are examples of a public

Input

Advocacy ads are also called:

Issue advertisements.

In recent annual Harris polls, which entity did Americans believe had the greatest amount of political power?

Large businesses.

When a business seeks to overturn a law after it has been passed or threatens to challenge the legal legitimacy of the new regulation in the courts, this is called:

Legal challenges.

The information strategy tool most used by business is:

Lobbying.

When the market fails to adjust for the full costs of a firm's behavior, this is called:

Market failure.

Policies that affect the supply, demand, and value of a nation's currency are:

Monetary policies.

One of the oldest financial-incentive strategy tools is:

Political action committee contributions.

To help control political favoritism, there have been global efforts to:

Promote fairness in the electoral process.

The primary way of accomplishing public policy is through:

Regulation

Total social regulation costs are:

Significantly higher than total economic regulation costs.

In 2011, the Global Electoral Organization (GEO) discussed which critical election administration issues?

The role of the media in elections.

Cooperation between business and government often occurs when:

They encounter a common problem or enemy.

Economic leverage occurs when a business uses it economic power to:

Threaten to leave a location unless a desired political action is taken.

European Union regulators accused Uber of engaging in

Unfair competition.

Regulation can be argued as justified based on:

Utilitarian and justice grounds

Economists reported that the costs of regulatory compliance were highest for:

Worker safety.