Q&A Hero

Q: What could the United States government do about the out of control costs of regulation and the staffing of regulatory agencies in the United States?

Q: Government regulations come in different forms. Discuss the major types of government regulations of business.

Q: Identify and compare the four reasons why governments turn to regulation as a way to solve their problems.

Q: Compare and contrast economic policies with social assistance policies.

Q: Define each key element of public policy process and provide an illustration or example for each element.

Q: How do governments seek to cooperate with or work at arms length with business? Does it matter whether the government is legitimately elected or has illegitimately acquired power?

Q: In 2012 the European Union imposed a carbon emissions fee on all airlines flying in and out of EU airspace that: A. Successfully raised funds through fees to limit greenhouse gas emissions. B. Garnered great support from the Chinese and U.S. governments. C. Generated great opposition from more than two dozen countries. D. Effectively eliminated green house gas emissions in its airspace.

Q: Reregulation is: A. The adoption of regulation in another country to promote trade. B. Necessary since all regulation has a time limit. C. The increase or expansion of government regulation. D. The shifting of regulation to the state level from the national level.

Q: Deregulation has occurred in the following industries: A. Commercial airlines, sheet metal, and interstate trucking. B. Commercial airlines, railroads, and financial institutions. C. Commercial airlines, interstate trucking, and silicon chip manufacturing. D. Financial institutions, railroads, and silicon chip manufacturing.

Q: Deregulation is often: A. A politically popular idea. B. A politically unpopular idea. C. Seen during a Democratic federal administration. D. Found in European countries but not in the United States.

Q: Total social regulation costs are: A. Slightly higher than total economic regulation costs. B. Slightly less than total economic regulation costs. C. Significantly higher than total economic regulation costs. D. Equal to total economic regulation costs.

Q: An example of a regulatory agency charged with enforcing social regulation is: A. Federal Aviation Administration. B. Federal Trade Commission. C. Federal Communications Commission. D. Internal Revenue Service.

Q: Which of the following is not an example of a social regulatory agency? A. Consumer Product Safety Commission. B. Equal Employment Opportunity Commission. C. National Highway Traffic Safety Administration. D. National Labor Relations Board.

Q: Economic regulations: A. Can only exist for 37 years unless renewed. B. Apply only to older industries. C. Always conflict with social regulation. D. Cut across industry lines.

Q: Regulation can be argued as justified based on: A. Collective market theory. B. Utilitarian and justice grounds. C. The life cycle of regulation. D. Tradition.

Q: Which of the following are examples of natural monopolies? A. Electric utilities and railroads. B. Cable television and the media. C. Internet services and trucking. D. None of the above.

Q: The primary way of accomplishing public policy is through: A. Waiting for businesses to act. B. Lobbying Congress. C. Regulation. D. Writing your politician.

Q: By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank: A. Influences the size of the nations money supply. B. Influences the value of the dollar. C. Minimizes investor confidence about the nations future. D. Both A and B, but not C.

Q: Policies that affect the supply, demand, and value of a nations currency are: A. International standards policies. B. Social assistance policies. C. Fiscal policies. D. Monetary policies.

Q: An example of an early economic public policy was: A. The abolition of slavery. B. Public works projects of the Great Depression. C. The creation of the Homeland Security Office. D. President Johnsons Great Society programs.

Q: Patterns of government taxing and spending that are intended to stimulate or support the economy are: A. International standards policies. B. Social assistance policies. C. Fiscal policies. D. Monetary policies

Q: Economic policies include: A. Fiscal and monetary policies. B. Monetary and social assistance policies. C. Fiscal and social assistance policies. D. Policies initiated by the Federal Reserve System.

Q: Public policy effects are: A. Impossible to measure. B. Easily quantifiable for the trained public policy expert. C. Only known ten years after the public policy is enacted. D. Sometimes intended and sometimes unintended.

Q: Public policy tools involve a combination of: A. Incentives and political favors. B. Penalties and prison terms. C. Incentives and penalties. D. Political favors and prison terms.

Q: Studies show that texting while driving is: A. Less dangerous than talking on a phone while driving. B. Less dangerous than driving while drunk. C. More dangerous than talking on the phone while driving. D. Just as dangerous as talking on a phone while driving.

Q: Governments being asked to ban the use of cell phones by drivers are examples of a public policy: A. Input. B. Goal. C. Effect. D. Tool.

Q: The Mullahs in Iran is an example of the power of government derived from: A. A monarchy. B. A military dictatorship. C. A religious authority. D. A democracy.

Q: Past decisions of the courts, the original basis for the U.S. legal system, are called: A. Torts. B. Amendments. C. Legitimate actions. D. Common laws.

Q: Public policy is a basic set of goals, plans and actions undertaken by: A. Political lobbyists. B. A government. C. Business advocacy groups. D. Police and fire departments.

Q: 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: A. Government bailouts. B. Political sanctions. C. Economic sanctions. D. Government stop-orders.

Q: Cooperation between business and government often occurs when: A. They encounter a common problem or enemy. B. Business can afford it. C. Business is required by law to cooperate. D. Government has the support of the people.

Q: Around the world, government: A. Tends to cooperate with business. B. Tends to be in conflict with business. C. Sometimes cooperates and sometimes is in conflict with business. D. Tends to be controlled by business.

Q: Governments hold the power to: A. Grant permission for only specific business activity. B. Grant or refuse permission for many types of business activity. C. Refuse permission for only government funded activity. D. None of the above.

Q: Governments role is to create and enforce laws that: A. Control businesses actions in society. B. Protect businesses interest in society. C. Protect society from business. D. Balance the relationship between business and society.

Q: Which car company did not seek bailout loans from the U.S. government following the 2009 worldwide economic recession? A. Toyota. B. General Motors. C. Chrysler. D. Ford.

Q: Managers understanding of government regulations is: A. Both a domestic and international issue. B. Primarily a domestic issue. C. Primarily an international issue. D. An international issue only for large firms.

Q: The United Nations oversees all international agreements concerning regulations between nations.

Q: Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.

Q: Regulation cannot be applied to international business behavior.

Q: Regulatory activity often is cyclical.

Q: Cost-benefit analysis is often used to determine the costs of regulation.

Q: Predatory pricing is a violation of antitrust laws.

Q: Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.

Q: A national health care policy is an example of an economic policy.

Q: Monetary policies refer to policies that affect the supply, demand and value of the nations currency.

Q: Public policy effects are always unintended consequences of an action.

Q: In non-democratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.

Q: Public policy is a plan of action undertaken by business to influence the government.

Q: A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.

Q: In Europe, unions are prohibited by law to be on businesses administrative boards.

Q: Government and business together establish the regulatory rules under which business operates in society.

Q: How can triple bottom line reporting be used to measure a firms corporate citizenship practices?

Q: Define transparency. How does corporate reporting increase business transparency?

Q: Describe one global nongovernmental organizations or standard-setting organization. Provide an example of a company implementing that standard.

Q: What is a social audit? Describe one of the three ways audit standards can be created.

Q: Define the five stages of corporate citizenship. Provide an example of a company in each stage.

Q: Global corporate citizenship is more than espoused values; it requires action. Discuss some of the ways forward-thinking companies are changing to improve their ability to act as responsible citizens.

Q: Define global corporate citizenship. Why has corporate citizenship recently become so complicated?

Q: Triple bottom line disclosure is primarily driven by: A. Noneconomic drivers. B. Managerial accounting drivers. C. Economic drivers. D. Technological advances.

Q: Sanford Limited, a small fishing company in New Zealand, made the following commitment(s) in its first triple bottom line report released in 2007: A. To ensure that its operations were the best in the industry. B. To maximize positive social outcomes and economic growth and prosperity. C. To avoid going overboard with its social mission. D. All of the above.

Q: Financial, social and environmental results are reported together in a firms: A. Financial reports if a publicly traded firm. B. Code of business conduct. C. Triple bottom line report. D. Employee newsletter.

Q: Which of the following is not a motivation for publishing a corporate social report? A. Ethical concerns. B. Economic considerations. C. Stakeholder engagement. D. Avoiding transparency.

Q: A 2011 survey of business firms by KPMG found: A: A steep increase in corporate social reporting. B. A decrease in corporate social reporting. C. A majority of firms using the Global Reporting Initiative. D. A and C, but not B

Q: When a company decides to publicize information collected in a social audit, this is called: A. Environmental auditing. B. Corporate financial reporting. C. Corporate social reporting. D. Stakeholder management.

Q: The emerging trend in gathering audit information directly from workers using their mobile phones is called: A. Network-sourcing. B. Crowd-sourcing. C. Social networking. D. Mobile auditing.

Q: The Universal Declaration of Human Rights states that each person: A. Has a right to life, liberty and the pursuit of happiness. B. Is created equal in the eyes of the government. C. Has the right to a standard of living adequate for the health and well-being of himself and of his family. D. Has the right to a standard of living that meets each countries minimum wage law.

Q: This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of conduct. A. Novartis. B. Bayer. C. Johnson & Johnson. D. The Gap.

Q: Global audit social standards concentrate on: A. Internally focused economic benefits for the firm. B. Externally focused social benefits for the environment. C. Externally focused social benefits for key stakeholders. D. All of the above

Q: The United Nations Global Compact is funded by: A. Membership income. B. Voluntary government and foundation contributions. C. Government grants. D. All of the above.

Q: The major focus of ISO 14001 is to: A. Link economic, environmental and social responsibility. B. Build accountability in the public sector. C. Support environmental management standards. D. Structure effective dialogue with stakeholders.

Q: Which of the following organizations have developed standards to judge corporate performance? A. International Organisation for Standards. B. Global Development Initiative. C. Institute of Accountability. D. All of the above.

Q: According to the scholar Simon Zadek six benefits of social audits include all of the following except. A. Helping businesses know what is happening within their firm. B. Understanding what stakeholders think about and want from the business. C. Strengthen the loyalty and commitment of stakeholders. D. Outperforming competitors financially in a businesses industry.

Q: A systematic evaluation of an organizations social, ethical, and environmental performance is called a(n): A. Corporate social responsibility review. B. Stakeholder audit. C. Independent social review. D. Social audit.

Q: There remain regional differences in the corporate citizenship challenges facing businesses due to: A. Globalization. B. Differences in attitudes, beliefs and culture. C. Differences in CEOs opinions on corporate citizenship. D. Stakeholder demands.

Q: The Ronald McDonald House charity, operated by McDonalds has been criticized for: A. Providing homes-away-from home for the families of seriously ill children being treated in hospitals. B. Diverting attention away from the companys contributions to the nations obesity epidemic. C. Using company profits to fund social missions. D. Paying employees low wages.

Q: Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of an organization in the: A. Innovative stage. B. Integrated stage. C. Transforming stage. D. Engaged stage.

Q: Companies see the need to build more coherent initiatives as they move into the: A. Innovative stage. B. Integrated stage. C. Engaged stage. D. Transforming stage.

Q: Once a company enters the innovative stage of corporate citizenship, it will: A. Begin reporting its efforts to stakeholders. B. Step up its philanthropic giving. C. Increase the number of stakeholders to the firm. D. Build more coherent initiatives with stakeholders.

Q: According to Philip H. Mirvis and Bradley K. Googins model, how many stages are there of global corporate citizenship? A. Three. B. Five. C. Seven. D. Twelve.

Q: This inter-American organization (North and South America) was created to unite organizations focusing on corporate social responsibility from Canada to Chile. A. Business for Social Responsibility. B, Canadian Business for Social Responsibility. C. Forum Empresa. D. Fundacion Empresa y Sociedad.