Question 1

Name two services municipal governments provide in Canada.

Accepted Answer

Water supply,sewage and garbage disposal,roads,sidewalks,street lighting,building codes,parks,playgrounds,libraries.

Question 2

Recently the Canadian national debt was a little over:

Accepted Answer

A) $580 billion. 
B) $2 trillion. 
C) $960 billion. 
D) $30 billion. 
A) $580 billion. 
B) $2 trillion. 
C) $960 billion. 
D) $30 billion. A

Question 3

Companies owned by the federal or provincial governments are called:

Accepted Answer

A) co-operatives 
B) crown corporations 
C) government agencies 
D) public corporations 
A) co-operatives 
B) crown corporations 
C) government agencies 
D) public corporations B

Question 4

A new trend is the emergence of the public-private partnership (P3).

Accepted Answer

A) True 
 B)False

Question 5

The government has a large and elaborate system to help companies in their exporting activities.

Accepted Answer

A) True 
 B)False

Question 6

Crown corporations were set up for several reasons.Which of the following is not a valid reason?

Accepted Answer

A) Bail out a major industry in trouble. 
B) Supply and demand. 
C) Provide services that are not being provided by businesses. 
D) Provide some special service that could not otherwise be made available. 
A) Bail out a major industry in trouble. 
B) Supply and demand. 
C) Provide services that are not being provided by businesses. 
D) Provide some special service that could not otherwise be made available.

Question 7

The front-page headline of your local newspaper states that the Bank of Canada is becoming increasingly worried about the rate of inflation and wants to slow the economy.Which of the following policies is the Bank of Canada most likely to pursue?

Accepted Answer

A) Increase taxes. 
B) Decrease interest rates. 
C) Restrict the money supply and drive up interest rates. 
D) Devalue the dollar on international currency exchanges. 
A) Increase taxes. 
B) Decrease interest rates. 
C) Restrict the money supply and drive up interest rates. 
D) Devalue the dollar on international currency exchanges.

Question 8

Your local newspaper has a story in its business section that reports that government spending will again exceed tax revenues.This means that the:

Accepted Answer

A) national debt will increase. 
B) balance of payments will experience yet another deficit. 
C) rate of inflation is likely to fall. 
D) monetary policies pursued by the Bank of Canada have been too loose. 
A) national debt will increase. 
B) balance of payments will experience yet another deficit. 
C) rate of inflation is likely to fall. 
D) monetary policies pursued by the Bank of Canada have been too loose.

Question 9

The _______ helps turn ideas and knowledge into new processes and products.Businesses work with partners from industry,government,and universities.

Accepted Answer

A) Team Canada Inc. 
B) Industry Canada 
C) National Research Council 
D) Business Development Bank of Canada 
A) Team Canada Inc. 
B) Industry Canada 
C) National Research Council 
D) Business Development Bank of Canada

Question 10

While Hydro Quebec and Canada Mortgage and Housing Corp.are crown corporations,Canada Post and the Ontario Lottery and Gaming Corp are not.

Accepted Answer

A) True 
 B)False

Question 11

Interprovincial trade in Canada is hampered by a form of provincial trade protectionism.

Accepted Answer

A) True 
 B)False

Question 12

The following are examples of current crown corporations: CBC,Bell Canada,Air Canada.

Accepted Answer

A) True 
 B)False

Question 13

A debt occurs when a government spends over and above the amount it gathers in taxes over a specific time,such as a fiscal year.

Accepted Answer

A) True 
 B)False

Question 14

Efforts by the Bank of Canada to control the money supply and interest rates are known as:

Accepted Answer

A) fiscal policy. 
B) incomes policy. 
C) monetary policy. 
D) securities policy. 
A) fiscal policy. 
B) incomes policy. 
C) monetary policy. 
D) securities policy.

Question 15

During the subprime mortgage crisis,people found that at the end of their term:

Accepted Answer

A) interest rates had risen and they could not afford to make payments. 
B) interest rates had fallen,and they could not afford to make payments. 
C) their mortgage lender had gone bankrupt. 
D) interest rates had risen,reducing their mortgage payments. 
A) interest rates had risen and they could not afford to make payments. 
B) interest rates had fallen,and they could not afford to make payments. 
C) their mortgage lender had gone bankrupt. 
D) interest rates had risen,reducing their mortgage payments.

Question 16

Contracts are often awarded to help Canadian businesses even if they are sometimes more expensive than bids from non-Canadian companies.

Accepted Answer

A) True 
 B)False

Question 17

When the federal government spends more in a year than it receives in tax revenues,the result is called a:

Accepted Answer

A) federal reserve allowance. 
B) GDP deflator. 
C) balance of payments deficit. 
D) federal deficit. 
A) federal reserve allowance. 
B) GDP deflator. 
C) balance of payments deficit. 
D) federal deficit.

Question 18

Industry Canada is a federal agency that administers a variety of laws affecting businesses and consumers.One of the relevant pieces of legislation is the Competition Act.What major consumer protection laws are covered by the Act?

Accepted Answer

Discriminatory prici

Question 19

The main reason for Canada's uneven economic development is:

Accepted Answer

A) uneven resources,climate and geography. 
B) federal government policies favouring Ontario and Quebec. 
C) lack of entrepreneurial skills by Canadians. 
D) the proximity of the U.S. 
A) uneven resources,climate and geography. 
B) federal government policies favouring Ontario and Quebec. 
C) lack of entrepreneurial skills by Canadians. 
D) the proximity of the U.S.

Question 20

Municipalities set certain zoning requirements on businesses including height and distance from the road of all buildings.

Accepted Answer

A) True 
 B)False

Name two services municipal governments provide in Canada.

Recently the Canadian national debt was a little over:

Companies owned by the federal or provincial governments are called:

A new trend is the emergence of the public-private partnership (P3).

The government has a large and elaborate system to help companies in their exporting activities.

Crown corporations were set up for several reasons.Which of the following is not a valid reason?

The front-page headline of your local newspaper states that the Bank of Canada is becoming increasingly worried about the rate of inflation and wants to slow the economy.Which of the following policies is the Bank of Canada most likely to pursue?

Your local newspaper has a story in its business section that reports that government spending will again exceed tax revenues.This means that the:

The _______ helps turn ideas and knowledge into new processes and products.Businesses work with partners from industry,government,and universities.

While Hydro Quebec and Canada Mortgage and Housing Corp.are crown corporations,Canada Post and the Ontario Lottery and Gaming Corp are not.

Interprovincial trade in Canada is hampered by a form of provincial trade protectionism.

The following are examples of current crown corporations: CBC,Bell Canada,Air Canada.

A debt occurs when a government spends over and above the amount it gathers in taxes over a specific time,such as a fiscal year.

Efforts by the Bank of Canada to control the money supply and interest rates are known as:

During the subprime mortgage crisis,people found that at the end of their term:

Contracts are often awarded to help Canadian businesses even if they are sometimes more expensive than bids from non-Canadian companies.

When the federal government spends more in a year than it receives in tax revenues,the result is called a:

Industry Canada is a federal agency that administers a variety of laws affecting businesses and consumers.One of the relevant pieces of legislation is the Competition Act.What major consumer protection laws are covered by the Act?

The main reason for Canada's uneven economic development is:

Municipalities set certain zoning requirements on businesses including height and distance from the road of all buildings.

Taking Risks and Making Profits Within the Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

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Exam 4: The Role of Government in Business

Name two services municipal governments provide in Canada.

Recently the Canadian national debt was a little over:

Companies owned by the federal or provincial governments are called:

A new trend is the emergence of the public-private partnership (P3).

The government has a large and elaborate system to help companies in their exporting activities.

Crown corporations were set up for several reasons.Which of the following is not a valid reason?

The front-page headline of your local newspaper states that the Bank of Canada is becoming increasingly worried about the rate of inflation and wants to slow the economy.Which of the following policies is the Bank of Canada most likely to pursue?

Your local newspaper has a story in its business section that reports that government spending will again exceed tax revenues.This means that the:

The _______ helps turn ideas and knowledge into new processes and products.Businesses work with partners from industry,government,and universities.

While Hydro Quebec and Canada Mortgage and Housing Corp.are crown corporations,Canada Post and the Ontario Lottery and Gaming Corp are not.

Interprovincial trade in Canada is hampered by a form of provincial trade protectionism.

The following are examples of current crown corporations: CBC,Bell Canada,Air Canada.

A debt occurs when a government spends over and above the amount it gathers in taxes over a specific time,such as a fiscal year.

Efforts by the Bank of Canada to control the money supply and interest rates are known as:

During the subprime mortgage crisis,people found that at the end of their term:

Contracts are often awarded to help Canadian businesses even if they are sometimes more expensive than bids from non-Canadian companies.

When the federal government spends more in a year than it receives in tax revenues,the result is called a:

Industry Canada is a federal agency that administers a variety of laws affecting businesses and consumers.One of the relevant pieces of legislation is the Competition Act.What major consumer protection laws are covered by the Act?

The main reason for Canada's uneven economic development is:

Municipalities set certain zoning requirements on businesses including height and distance from the road of all buildings.

Taking Risks and Making Profits Within the Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

Ethics and Social Responsibility

Forms of Business Ownership

Entrepreneurship and Starting a Small Business

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

Filters