BA325 Exam 2 Quizzes - Updated

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

Balance the relationship between business and society.

By promoting the use of clean cookstoves in developing nations, a global alliance hopes to reduce:

Black carbon.

The antitrust enforcement agencies in the United States have the legal authority to:

Block anticompetitive mergers in the U.S.

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.

Public policies and government regulations are shaped by:

Business Special interest groups Government All of these answers are correct

An organization that produces net zero emissions of greenhouse gases is achieving:

Carbon neutrality.

Both large and small businesses have adopted sustainable practices to what advantage?

Cost savings from operational efficiency Opportunity to save emerging economies Reduction of regulatory risks All of these answers are correct.

Since 2008, the total amount spent on lobbying activity has:

Decreased slightly.

Which of these statements accurately describes a Super PAC?

Does not allow direct contributions to candidates or political parties.

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

Federal Trade Commission.

Expert witness testimony is often collected:

In congressional hearings.

Public policy tools involve a combination of:

Incentives and penalties.

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

Input.

Economic regulations are illustrated by which action?

Preventing anticompetitive business practices.

According to the case Clean Cooking, the widespread adoption of clean cookstoves would provide which of the following benefits:

Reduced health risks.

Total social regulation costs are:

Significantly higher than total economic regulation costs.

An example of a global regulation that mitigates the impact of jet fuel on the environment is:

The Aviation Plan.

Sustainable development through technology cooperation is best illustrated by:

The Paris agreement which aims to limit the rise of the average global temperature.

Reregulation is:

The increase or expansion of government regulation.

Cooperation between business and government often occurs when:

They encounter a common problem or enemy.

European Union regulators accused Uber of engaging in:

Unfair competition.

Regulation can be argued as justified based on:

Utilitarian and justice grounds.

Which of the following represents a structural remedy for an antitrust violation

breaking up a monopoly

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

market failure

When managers become personally involved in developing public policy, the firm is at what level of business political involvement?

Aggressive organizational involvement.

Depletion of the ozone layer, destruction of the rain forests, and species extinctions all have an impact on:

All of society.

Antitrust laws protect consumers from:

Anticompetitive practices by business.

Sustainable development

Balances economic and environmental considerations

Proponents of business as a political participant argue:

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

The core idea(s) of sustainable development is (are):

Both of these answers are correct: Economic development must be accomplished sustainably; and poverty is an underlying cause of environmental degradation.

Supporters of advocacy advertisements believe that they:

Both of these answers are correct: Identify a company as an interested and active stakeholder; and can help mold public opinion on a particular policy issue.

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

Both of these answers are correct: Influences the size of the nation's money supply; and influences the value of the dollar.

An example of codes of environmental conduct that have been developed by and for specific industries include:

Both of these answers are correct: The Equator Principles; and The Forest Stewardship Principles.

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

Business leaders speaking before government policymakers.

Which pattern of consumption is recommended to reduce humanity's global footprint?

Choosing less harmful products.

The typical public affairs executive spends most of the day:

Coalition building Direct lobbying Fund raising All of these answers are correct

Life-cycle analysis involves:

Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal.

Deregulation has occurred in the following industries:

Commercial airlines, railroads, and financial institutions.

Reasons for the destruction of rain forests include:

Commercial logging Cattle ranching Conversion of forests to plantations All of these answers are correct

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

Common laws

A shared resource, such as land, air, or water, that a group of people uses collectively is a(n):

Commons

Which political action strategy seeks to gain support from other affected organizations to better influence policymakers?

Constituency-building strategy.

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

Constituency-building.

With respect to fresh water, according to one estimate, if it were possible to eliminate pollution, capture all available fresh water, and distribute fresh water equitably:

Demand would exceed supply within a hundred years.

A corporate political strategy does not:

Determine the legal limits allowed for campaign financing.

The commitments of the Convention on Biological Diversity include:

Developing national conservation strategies.

The amount of land and water a human population needs to produce the resources it consumes and to absorb its wastes given prevailing technology is called:

Ecological footprint.

When a government orders companies not to conduct business in another country because of a war, human rights violations, or lack of a legitimate government; these orders are called:

Economic sanctions.

Which of the following are examples of natural monopolies?

Electric utilities and railroads.

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

Expert witness testimony.

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

Fiscal policies.

Participants in the Montreal Protocol agreed that by 2030 they would phase out:

HCFCs.

A common tactic in a financial-incentive political strategy is:

Political contributions.

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

Promote fairness in the electoral process.

Which of these factors has accelerated the current ecological crisis?

Rapid industrialization.

The most successful global businesses in coming years will be those companies that:

Recognize the imperative for sustainable development as an opportunity both for competitive advantage and ethical action.

The beverage industry's partnership Refrigerants Naturally! is attempting to:

Reduce the use of ozone-depleting chemicals.

In Japan's pluralistic public policy process, who are the major participants?

Representatives of big business, agriculture, and labor.

Rapid economic development is often accompanied by:

Rising incomes, bringing higher rates of both consumption and waste.

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:

Risking their reputation by engaging in politics.

In the case Should Facebook be Regulated, the primary market failure was:

Sales incentives to sell user data exceeded those of protecting user privacy.

Around the world, government:

Sometimes cooperates and sometimes is in conflict with business.

Global warming can be described by which of the following?

The Earth has already warmed by between 0.7 and 1.1 degrees Celsius over the past century. Burning fossil fuels is the leading contributor of global warming. The amount of greenhouse gases in the atmosphere has increased by as much as 40 percent since the Industrial Revolution. All of these answers are correct.

In 2016, the Global Electoral Organization (GEO) discussed which critical election administration issues?

The use of technology to increase accountability.

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

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

An example of industrial ecology in practice is:

Using wastes from one process as raw materials for another process.

Businesses promote an information strategy by inviting government leaders to:

Visit local plant facilities Attend company award ceremonies Give speeches to employees All of these answers are correct

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

Worker safety.

Lobbyists, under U.S. law, must disclose their:

earnings and expenses

In a survey of 105 companies in 2017, the most frequent public affairs tactic was related to:

federal government relations

The term circular economy refers to:

A production system that is regenerative by design.

The Mullahs in Iran is an example of the power of government derived from:

A religious authority.

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

Advocacy ads are also called:

Issue advertisements.

Arable land is accurately described by which statement?

It is a renewable resource.

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.

In the case Political Action by the U.S. Steel Industry, 2015-2018, what is one reason that foreign-made steel prices were so much lower than U.S. steel?

Many foreign governments subsidized their steel industries.

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

Monetary policies.

An example of an economic regulatory agency is:

National Labor Relations Board.

Government regulations help balance negative externalities such as:

No smoking rules enforced to mitigate the effects of second-hand smoke.

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

Normally legal.

Which of these activities is not considered to be a marine ecosystem threat?

Ocean alkalinity.

Which of the following statements is not true about the population?

Over the next century, population growth is expected to be greatest in developed nations.

A thin layer of gas that protects the Earth from excessive ultraviolet radiation from the sun is:

Ozone.

One of the oldest financial-incentive strategy tools is:

Political action committee contributions.

Dark money refers to:

Undisclosed contributions to tax-exempt organizations.

The idea that companies have a continuing responsibility for the environmental impact of their products or services, even after they are sold is called:

extended product responsibility