BUS 475 Week 4 Quiz
Question 1
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.
Question 2
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.
Question 3
Public policy tools involve a combination of:
Incentives and political favors.
Penalties and prison terms.
Incentives and penalties.
Political favors and prison terms.
Question 4
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.
Question 5
Reregulation is:
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.
Question 6
Which political action strategy seeks to gain support from other affected organizations to better influence policymakers?
Information strategy.
Constituency-building strategy.
Financial-incentive strategy.
Lobbying strategy.
Question 7
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:
Lobbying.
Bundling.
Collating.
Constituency building.
Question 8
Since 2011, the total amount spent on lobbying activity has:
Remained exactly the same.
Doubled.
Decreased slightly.
Increased slightly.
Question 9
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.
Question 10
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.
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