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.