BUS 475 Week 4 Quiz
Which of the following represents a structural remedy for an antitrust violation?
Paying a large fine.
Breaking up a monopoly.
Disclosure of company information to rivals.
Agreeing to change a firm’s conduct.
Which of these cost-savings measures saved U.S. regulatory agencies nearly $2 billion since 2011?
Promotion of telemedicine in rural areas.
Coordination of hazards warning with other nations.
Removal of redundant reporting requirements.
All of the above.
Public policy tools involve a combination of:
Incentives and political favors.
Penalties and prison terms.
Incentives and penalties.
Political favors and prison terms.
Antitrust laws protect consumers from:
Anticompetitive practices by business.
Selling products above cost to drive away rivals.
Conspiring with business partners to increase competition.
Firms using market dominance to expand commerce.
The adoption of regulation in another country to promote trade.
Necessary since all regulation has a time limit.
The increase or expansion of government regulation.
The shifting of regulation to the state level from the national level.
Which political action strategy seeks to gain support from other affected organizations to better influence policymakers?
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:
Since 2011, the total amount spent on lobbying activity has:
Remained exactly the same.
A corporate political strategy does not:
Hinder a competitor’s ability to compete economically.
Seek to continue the firm’s economic survival or growth.
Determine the legal limits allowed for campaign financing.
Exercise a firm’s right to a voice in government affairs.
To help control political favoritism, there have been global efforts to:
Promote fairness in the electoral process.
Control the rapid decrease in campaign costs.
Diminish the role of political parties.
Discourage grassroots participation.