Question 1

Direct payments from governments to other governments or to individuals is known as what?

Accepted Answer

A) Specialized purchasing policies. 
B) Debt reduction. 
C) Monetary policy. 
D) Transfer payments. 
A) Specialized purchasing policies. 
B) Debt reduction. 
C) Monetary policy. 
D) Transfer payments. D

Question 2

During the subprime mortgage crisis the Bank of Canada continued to raise its lending rate.

Accepted Answer

A) True 
 B)False  False

Question 3

How does the National Research Council (NRC)play a significant role in research to help Canadian industry remain competitive?

Accepted Answer

The NRC has been mandated to provide substantial resources to help Canada become one of the world's most effective research and development organization,stimulating sustainable domestic prosperity.

Question 4

Which one of these companies received $1 billion in financing from the Quebec government in 2013?

Accepted Answer

A) Ford 
B) Bombardier 
C) Chrysler Corporation 
D) General Motors 
A) Ford 
B) Bombardier 
C) Chrysler Corporation 
D) General Motors

Question 5

Some government aid is designed to help industries and companies that are deemed to be very important because they:

Accepted Answer

A) are at the cutting edge of technology. 
B) oriented towards imports. 
C) are in other countries. 
D) provide low skilled jobs. 
A) are at the cutting edge of technology. 
B) oriented towards imports. 
C) are in other countries. 
D) provide low skilled jobs.

Question 6

Zoning laws:

Accepted Answer

A) set up speed-limit zones for traffic 
B) limit the depth of building basements 
C) regulate noise,smells,signs 
D) restrict truck size 
A) set up speed-limit zones for traffic 
B) limit the depth of building basements 
C) regulate noise,smells,signs 
D) restrict truck size

Question 7

When the government runs a budget deficit it increases the:

Accepted Answer

A) federal capital account. 
B) money supply. 
C) balance of payments deficit. 
D) national debt. 
A) federal capital account. 
B) money supply. 
C) balance of payments deficit. 
D) national debt.

Question 8

The Agreement on Internal Trade (AIT)is an intergovernmental trade agreement.

Accepted Answer

A) True 
 B)False

Question 9

Fiscal policy looks at the money supply and interest rates.

Accepted Answer

A) True 
 B)False

Question 10

The Bank of Canada operates:

Accepted Answer

A) as a Crown Corporation. 
B) under the direction of the Banking Oversight Committee of Parliament. 
C) as a special agency of the Canadian Treasury Board. 
D) under the direct control of the executive branch of the government. 
A) as a Crown Corporation. 
B) under the direction of the Banking Oversight Committee of Parliament. 
C) as a special agency of the Canadian Treasury Board. 
D) under the direct control of the executive branch of the government.

Question 11

Larry wants to buy a new car,and is planning to borrow the money for his purchase from a bank.He has just read in the newspapers that the Bank of Canada is likely to implement policies in the next few weeks that are designed to stimulate the economy,which is currently in a recession.Larry would probably get a lower interest rate on his car loan if he waits until after the Bank of Canada implements its new policies.

Accepted Answer

A) True 
 B)False

Question 12

Governments throughout Canada are privatizing services that they have traditionally offered in response to:

Accepted Answer

A) new laws and regulations that have been passed mandating that these services be privatized. 
B) as a means of increasing the scope of their involvement in the economy. 
C) an opportunity to realize huge ongoing profits from royalties they will collect from private companies who acquire these services. 
D) as a means to reduce the role of government in the economy. 
A) new laws and regulations that have been passed mandating that these services be privatized. 
B) as a means of increasing the scope of their involvement in the economy. 
C) an opportunity to realize huge ongoing profits from royalties they will collect from private companies who acquire these services. 
D) as a means to reduce the role of government in the economy.

Question 13

Fiscal policy refers to the federal government's efforts to keep the economy stable by controlling the amount of money in circulation.

Accepted Answer

A) True 
 B)False

Question 14

In Canada,we have a special system of marketing boards that control the pricing of certain agricultural products.

Accepted Answer

A) True 
 B)False

Question 15

The removal of interprovincial trade barriers would mean

Accepted Answer

A) increased labour mobility 
B) lower tax revenues 
C) a difficult period of adjustment as uncompetitive operations are closed 
D) the loss of even more jobs to foreign countries 
A) increased labour mobility 
B) lower tax revenues 
C) a difficult period of adjustment as uncompetitive operations are closed 
D) the loss of even more jobs to foreign countries

Question 16

Industry Canada administers a variety of laws affecting businesses and consumers.

Accepted Answer

A) True 
 B)False

Question 17

Equalization is viewed as a means of maintaining the same level of taxation across Canada,although the level of services provided will vary.

Accepted Answer

A) True 
 B)False

Question 18

Monetary policy is directly under the control of the Bank of Canada.

Accepted Answer

A) True 
 B)False

Question 19

The 2015-2016 budget allocated billions of dollars in equalization payments to ten provinces.

Accepted Answer

A) True 
 B)False

Question 20

The Ontario government has looked at selling such crown corporations as the Liquor Control Board of Ontario.

Accepted Answer

A) True 
 B)False

Direct payments from governments to other governments or to individuals is known as what?

During the subprime mortgage crisis the Bank of Canada continued to raise its lending rate.

How does the National Research Council (NRC)play a significant role in research to help Canadian industry remain competitive?

Which one of these companies received $1 billion in financing from the Quebec government in 2013?

Some government aid is designed to help industries and companies that are deemed to be very important because they:

Zoning laws:

When the government runs a budget deficit it increases the:

The Agreement on Internal Trade (AIT)is an intergovernmental trade agreement.

Fiscal policy looks at the money supply and interest rates.

The Bank of Canada operates:

Governments throughout Canada are privatizing services that they have traditionally offered in response to:

Fiscal policy refers to the federal government's efforts to keep the economy stable by controlling the amount of money in circulation.

In Canada,we have a special system of marketing boards that control the pricing of certain agricultural products.

The removal of interprovincial trade barriers would mean

Industry Canada administers a variety of laws affecting businesses and consumers.

Equalization is viewed as a means of maintaining the same level of taxation across Canada,although the level of services provided will vary.

Monetary policy is directly under the control of the Bank of Canada.

The 2015-2016 budget allocated billions of dollars in equalization payments to ten provinces.

The Ontario government has looked at selling such crown corporations as the Liquor Control Board of Ontario.

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

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters

Exam 4: The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Direct payments from governments to other governments or to individuals is known as what?

During the subprime mortgage crisis the Bank of Canada continued to raise its lending rate.

How does the National Research Council (NRC)play a significant role in research to help Canadian industry remain competitive?

Which one of these companies received $1 billion in financing from the Quebec government in 2013?

Some government aid is designed to help industries and companies that are deemed to be very important because they:

Zoning laws:

When the government runs a budget deficit it increases the:

The Agreement on Internal Trade (AIT)is an intergovernmental trade agreement.

Fiscal policy looks at the money supply and interest rates.

The Bank of Canada operates:

Governments throughout Canada are privatizing services that they have traditionally offered in response to:

Fiscal policy refers to the federal government's efforts to keep the economy stable by controlling the amount of money in circulation.

In Canada,we have a special system of marketing boards that control the pricing of certain agricultural products.

The removal of interprovincial trade barriers would mean

Industry Canada administers a variety of laws affecting businesses and consumers.

Equalization is viewed as a means of maintaining the same level of taxation across Canada,although the level of services provided will vary.

Monetary policy is directly under the control of the Bank of Canada.

The 2015-2016 budget allocated billions of dollars in equalization payments to ten provinces.

The Ontario government has looked at selling such crown corporations as the Liquor Control Board of Ontario.

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

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters