Chapter 7 SOCIAL RESPONSIBILITY AND ETHICS IN MANAGEMENT

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

A religious authority.

Antitrust laws protect consumers from:

Anticompetitive practices by business.

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

Balance the relationship between business and society.

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.

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.

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

Breaking up a monopoly.

Deregulation has occurred in the following industries:

Commercial airlines, railroads, and financial institutions.

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

Common laws.

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.

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

Fiscal policies.

Public policy tools involve a combination of:

Incentives and penalties.

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

Input.

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.

The primary way of accomplishing public policy is through:

Regulation.

Total social regulation costs are:

Significantly higher than total economic regulation costs.

Around the world, government:

Sometimes cooperates and sometimes is in conflict with business.

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

The Aviation Plan.

Reregulation is:

The increase or expansion of government regulation.

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.

An example of an economic regulatory agency is:

National Labor Relations Board.