Business Environment 100 McQs and Answers
Essay by Anh Thư Tào • October 22, 2017 • Course Note • 1,285 Words (6 Pages) • 1,174 Views
Page 1 of 6
- The level of government regulation of business has always been low. FALSE
- Regulating the way business operates is only one of several roles the government has in its relationship with business. TRUE
- Our goals for business focus solely on the production and distribution of goods and services. FALSE
- The relationship between government and business has become adversarial but is improving. FALSE
- The relationship between government and business is limited to government’s influence over business. FALSE
- Proponents of privatization want government to be a producer of service. FALSE
- Advocates of privatization base their positions on the need for efficiency and overall performance. TRUE
- The monetary policy set the Federal Reserve System is completely independent of the influence of other branches of government. FALSE
- Government regulation generally arises out of some type of market failure. TRUE
- The new regulation focus on business’s impacts on other businesses. FALSE
- The government uses politicking, voting and forming special- interest groups of influencing each other.
- The question of whether current public functions should be performed by the government or private sector is addressed by PRIVATIZATION.
- A strong industrial policy helps firm compete in a fast moving global economy.
- There has been a strong reaction in the US to any form of industrial policy because it conflicts with the widely held view of government’s role in the economy.
- Government influences business through all the following methods except requiring equal employment opportunities is granted to job applicants. (being a major employer; being a standard setter; providing transfer payments)
- The primary reason for government regulation of business is MARKET FAILURE.
- A market in which the economies of scale are so great that the largest firm has the lowest costs and is able to drive out competitor is called NATURAL MONOPOLY.
- Government intervention in monopolistic industries is often brought about by ANTICOMPETITIVE PRACTICES.
- COMPUTER SOFTWARE industry has not been affected by deregulation.
- “U.S adults said government should do more” is not a concern expressed by executives about government involvement in business.
- As the economy struggles to get out of the recession, consumers have become more cautious and selective about spending. TRUE
- The consumer movement is generally traced back to a single cause or event, although the specific incident varies from author to author. (FALSE)
- The effects of advertising have had a net negative effect on society. (FALSE)
- Most consumers today understand that advertising attempts to persuade them. TRUE
- Not telling the whole truth in advertisements is a widely used practice called concealing facts. TRUE
- Targets of comparative advertising have no recourse if they think their competition has gone too far. (FALSE)
- Sexual references in advertising create more of a backlash today than they did two or three decades ago. (FALSE)
- Advertising hard liquor on television used to be illegal in the US. (FALSE)
- Tobacco companies no longer advertise tobacco products in a way to appeal to children. (FALSE)
- A company’s desire to portray its product in the most flattering light can lead to misinformation. TRUE
- Ad creep has been expanding. TRUE
- A full warranty must contain certain features, including repair within a reasonable period of time at no charge. TRUE
- A limited warranty means that the company guarantees all parts of the product and all types of defects, but only for a limited period of time. (FALSE)
- Self- regulation in advertising relies on the advertiser itself to control its advertising conduct and performance. TRUE
- The consumer movement is still absolutely essential for achieving a fair and just marketplace for all consumers. TRUE
- Obesity researchers say they have data proving that the most sugary, calorie- laden breakfast cereals are marked to children most aggressively. TRUE
- Consumers are readily pursuing green products (FALSE).
- The ability of an organization to effectively identify, acquire, foster, and retain loyal profitable customers is CUSTOMER RELATIONSHIP MANAGEMENT.
- To rebuild consumer confidence in brands, many companies have begun the great trust offensive.
- “Consumers can force companies to change their behaviors through boycotts” is not a lesson from the consumer movement.
- In most businesses, the manufacturing department is the only source of environmental pollution. (FALSE)
- Externalities are side effects or by- products of actions that are not intended, but unavoidably impact others.
- The main reason for global warming is overpopulation. (FALSE)
- Manufacturing firms have been major sources of water pollution.
- Deforestation only occurs in less developed countries (LDCs). (FALSE)
- In addition to being a leading cause of pollution when used, fossil fuels are also often associated with armed conflict. TRUE
- The long term effects of indoor air pollution include irritation of the eyes. (FALSE)
- The Global Compact brings together thousands of companies to support universal environmental and social principles. TRUE
- The triple bottom line is a system of reporting that cover economic, social, and environmental performance. TRUE
- Hazardous wastes can be generated by manufacturing processes or they can simply result from discarded commercial products, like cleaning fluid or pesticides. TRUE
- All living and nonliving substances present in a particular place is an ECOSYSTEM.
- Climate change is also known as GLOBAL WARMING
- Energy inefficiency is the wasting of precious nonrenewable sources of energy
- The inability of humans and nature to restore environmental conditions to a previous state within a relevant time frame is IRREVERSIBILITY
- Which of the following is not a problem central to the toxic substances issue POPULATION INCREASE
- The prevention of solar heat absorbed by our atmosphere from returning to space is known as THE GREENHOUSE EFFECT
- A major cause of the greenhouse effect is DEFORESTATION
- Problems made worse by deforestation include ALL OF THESE
- Endangered species are threatened with extinction due to all of the following reasons except DROUGHT
- Precipitation containing harmful amount of nitric and sulfuric acids is called ACID RAIN
- The business community now encompasses the entire world TRUE
- Corporate philanthropy involves primarily the giving of financial resources, and managerial time and talent. TRUE
- Monitoring the company’s community involvement projects entails review and control TRUE
- Some observers worry that in times of crisis, corporate philanthropy becomes a zero sum game in that contributions that go to alleviate the crisis then do not go to causes that need them TRUE
- It is usually easy to assess the true motives behind businesses’ giving FALSE
- A company may create a positive impact in the community by giving time and talents of its managers. TRUE
- Responsibility is considered a standard of excellence in corporate community involvement FALSE
- The categories of recipients to whom corporations give remain stable over time TRUE
- Cause-related marketing is one of the clearest examples of corporate philanthropy FALSE
- In practice, it is relatively simple to determine the motives behind business giving FALSE
- Community involvement is most commonly manifested through donating the time and talents of its employees
- Educational recipients of giving include each of the following except STUDENT MATCHING GIFTS
- Which of the following is not a way in which companies can benefit from volunteer programs developing strong ties with local government officials
- The second step in managing in the performance of a community action program is knowing the company’s resources
- Which of the following is not a reason commonly given for community involvement a way to help employees build their resumes
- Steps in developing a community action program include all of the following except building bridges to the community
- Selection of projects for a community action program grows out of matching community needs with a company resources
- Guidelines for developing a community involvement strategy include all of the following steps except decisions about which projects to undertake should take place at the highest levels of management
- Standards of excellence in corporate community involvement include all of the following except EFFICIENCY
- Which of the following is not a category of recipient to whom corporations often give money ATHLETIC TEAMS
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