Question 1

The Bank of Canada's responsibilities includes setting fiscal policy.

Accepted Answer

A) True 
 B)False

Question 2

Name two services municipal governments provide in Canada.

Accepted Answer

Water supply,sewage and garbag

Question 3

Government withdrawing certain laws and regulations that hinder competition is known as what?

Accepted Answer

A) deregulation 
B) privatization 
C) public corporations 
D) co-operatives 
A) deregulation 
B) privatization 
C) public corporations 
D) co-operatives

Question 4

One of the major ways the Bank of Canada influences economic conditions is through its control of interest rates.

Accepted Answer

A) True 
 B)False

Question 5

Transfer payments are direct payments from governments to other governments.

Accepted Answer

A) True 
 B)False

Question 6

The Alberta Heritage Savings Trust Fund and Québec's Caisse de dépôt et placement are examples of two important federal crown corporations.

Accepted Answer

A) True 
 B)False

Question 7

The federal government has a "buy foreign" policy when it comes to significant military acquisitions.

Accepted Answer

A) True 
 B)False

Question 8

Industry Canada administers the ________which aims to make sure that mergers will not restrict competition.

Accepted Answer

A) Corporations Act 
B) Laissez-Faire Treaty 
C) Food and Drug Act 
D) Competition Act 
A) Corporations Act 
B) Laissez-Faire Treaty 
C) Food and Drug Act 
D) Competition Act

Question 9

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

Accepted Answer

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

Question 10

In special,unplanned but important cases threatening the survival of a major company,the government has a policy of non-intervention.

Accepted Answer

A) True 
 B)False

Question 11

Canadian financial institutions faced the same high mortgage default rates as were found in the United States.

Accepted Answer

A) True 
 B)False

Question 12

When advanced technology is involved in government purchasing,governments make a strong effort to ensure that some of the manufacturing is done in Canada.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following statements about government deficit spending is most accurate?

Accepted Answer

A) The federal government violates the law by running deficits because the Canadian Constitution requires the government to balance its budget each year. 
B) One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending and transfer payments each year. 
C) Although the government used to run big deficits,it has consistently run surpluses since the late 1980s. 
D) The government has used deficit spending to lower the national debt. 
A) The federal government violates the law by running deficits because the Canadian Constitution requires the government to balance its budget each year. 
B) One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending and transfer payments each year. 
C) Although the government used to run big deficits,it has consistently run surpluses since the late 1980s. 
D) The government has used deficit spending to lower the national debt.

Question 14

The economic goal of monetary and fiscal policy is to keep the economy growing.

Accepted Answer

A) True 
 B)False

Question 15

Fiscal policy involves increases or decreases in:

Accepted Answer

A) exports and imports. 
B) interest rates. 
C) the money supply. 
D) government spending and taxes. 
A) exports and imports. 
B) interest rates. 
C) the money supply. 
D) government spending and taxes.

Question 16

A policy of the first Canadian government developed by Sir John A.MacDonald to place high tariffs on imports thereby protecting Canadian manufacturers was called:

Accepted Answer

A) GATT or the General Agreement on Tariffs and Trade 
B) Anti-dumping duty 
C) the National Policy 
D) the tariff board laws 
A) GATT or the General Agreement on Tariffs and Trade 
B) Anti-dumping duty 
C) the National Policy 
D) the tariff board laws

Question 17

In the subprime mortgage crisis,Canadian financial institutions:

Accepted Answer

A) did not face the high default rates faced by homeowners in the United States. 
B) did not require any aid from the federal government. 
C) faced higher default rates than were found in the United States. 
D) lost more money than did all U.S.financial institutions. 
A) did not face the high default rates faced by homeowners in the United States. 
B) did not require any aid from the federal government. 
C) faced higher default rates than were found in the United States. 
D) lost more money than did all U.S.financial institutions.

Question 18

Governments play a very minor role in the Canadian economic system.

Accepted Answer

A) True 
 B)False

Question 19

Some crown corporations have been set up to provide services not provided by businesses.

Accepted Answer

A) True 
 B)False

Question 20

The Competitions Bureau sometimes launches investigations to ensure fair completion.

Accepted Answer

A) True 
 B)False

The Bank of Canada's responsibilities includes setting fiscal policy.

Name two services municipal governments provide in Canada.

Government withdrawing certain laws and regulations that hinder competition is known as what?

One of the major ways the Bank of Canada influences economic conditions is through its control of interest rates.

Transfer payments are direct payments from governments to other governments.

The Alberta Heritage Savings Trust Fund and Québec's Caisse de dépôt et placement are examples of two important federal crown corporations.

The federal government has a "buy foreign" policy when it comes to significant military acquisitions.

Industry Canada administers the ________which aims to make sure that mergers will not restrict competition.

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

In special,unplanned but important cases threatening the survival of a major company,the government has a policy of non-intervention.

Canadian financial institutions faced the same high mortgage default rates as were found in the United States.

When advanced technology is involved in government purchasing,governments make a strong effort to ensure that some of the manufacturing is done in Canada.

Which of the following statements about government deficit spending is most accurate?

The economic goal of monetary and fiscal policy is to keep the economy growing.

Fiscal policy involves increases or decreases in:

A policy of the first Canadian government developed by Sir John A.MacDonald to place high tariffs on imports thereby protecting Canadian manufacturers was called:

In the subprime mortgage crisis,Canadian financial institutions:

Governments play a very minor role in the Canadian economic system.

Some crown corporations have been set up to provide services not provided by businesses.

The Competitions Bureau sometimes launches investigations to ensure fair completion.

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

The Bank of Canada's responsibilities includes setting fiscal policy.

Name two services municipal governments provide in Canada.

Government withdrawing certain laws and regulations that hinder competition is known as what?

One of the major ways the Bank of Canada influences economic conditions is through its control of interest rates.

Transfer payments are direct payments from governments to other governments.

The Alberta Heritage Savings Trust Fund and Québec's Caisse de dépôt et placement are examples of two important federal crown corporations.

The federal government has a "buy foreign" policy when it comes to significant military acquisitions.

Industry Canada administers the ________which aims to make sure that mergers will not restrict competition.

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

In special,unplanned but important cases threatening the survival of a major company,the government has a policy of non-intervention.

Canadian financial institutions faced the same high mortgage default rates as were found in the United States.

When advanced technology is involved in government purchasing,governments make a strong effort to ensure that some of the manufacturing is done in Canada.

Which of the following statements about government deficit spending is most accurate?

The economic goal of monetary and fiscal policy is to keep the economy growing.

Fiscal policy involves increases or decreases in:

A policy of the first Canadian government developed by Sir John A.MacDonald to place high tariffs on imports thereby protecting Canadian manufacturers was called:

In the subprime mortgage crisis,Canadian financial institutions:

Governments play a very minor role in the Canadian economic system.

Some crown corporations have been set up to provide services not provided by businesses.

The Competitions Bureau sometimes launches investigations to ensure fair completion.

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