MNGT 482 - Chapter 7

In 2011 how many of the world's top 250 companies issued an integrated sustainability report?

95 percent

Deregulation is often:

A politically popular idea p. 151 ch 7

Deregulation has occurred in the following industries:

Commercial airlines, railroads, and financial institutions. --> also interstate trucking was deregulated during the 1975 presidential administration. p. 151 ch 7

Which of the following are examples of natural monopolies?

Electric utilities and railroads. ---> other examples of natural monopolies: cable TV, broadband Internet service, software, and railroads. p. 143 ch 7

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

Federal Trade Commission (FTC) - Antitrust or competition law. FTC is an economic regulatory agency

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. p. 153 ch 7

Public policy tools involve a combination of:

Incentives and penalties. --> "that government uses to prompt citizens, including businesses, to act in ways that achieve policy goals." p. 139

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

Monetary policies. p. 141 ch 7

An example of an early economic public policy was:

Public works projects of the Great Depression p. 140 ch 7

Total social regulation costs are:

Significantly higher than total economic regulation costs --> "Economic regulation has existed for many decades, and its cost has grown more slowly than that of social regulation." p. 149 ch 7

Reregulation is:

The increase or expansion of government regulation

Cooperation between business and government often occurs when:

They encounter a common problem or enemy

The Environmental Protection Agency (EPA) was created:

To coordinate most of the government's efforts to protect the environment

Regulation can be argued as justified based on:

Utilitarian and justice grounds p. 143 ch 7

Public policy is a basic set of goals, plans and actions undertaken by:

a government p. 138 ch 7

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

a religious authority p. 138 ch 7

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

common laws p. 138 ch 7

Economic regulations

cut across industry lines. --> "Antitrust regulations cut across industry lines and apply generally to all enterprises" p. 145 ch 7

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 p. 137 ch 7

Economic policies include:

fiscal and monetary

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

fiscal policies p. 140 ch 7

Which car company did not seek bailout loans from the U.S. government following the 2009 worldwide economic recession?

ford

Governments being asked to ban the use of cell phones by drivers are examples of a public policy:

input --> "external pressures that shape a government's policy decisions and strategies to address problems." p. 138 ch 7 example of inputs: Economic and foreign policy concerns, domestic political pressure from constituents and interest groups, technical information, and media attention

The primary way of accomplishing public policy is through:

regulation p. 139 ch 7

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

Balance the relationship between business and society p. 136 ch 7

Managers' understanding of government regulations is:

Both a domestic and international issue

Studies show that texting while driving is:

More dangerous than talking on the phone while driving.

Which of the following is NOT an example of a social regulatory agency?

National Labor Relations Board (NLRB) - addresses labor practices --> NLRB is an economic regulatory agency not a social regulatory agency p. 147 ch 7

Governments hold the power to:

Sometimes cooperates and sometimes is in conflict with business.

Public policy effects are:

Sometimes intended and sometimes unintended --> pleases some people but displeases others. p. 139 ch 7