Question 1

In addition to regulations,agencies issue larger volumes of _____ in documents such as memoranda,circulars,compliance manuals,and advisory opinions.

Accepted Answer

A)  rules 
B)  policies 
C)  principles 
D)  guidance 
A)  rules 
B)  policies 
C)  principles 
D)  guidance

Question 2

After publication in the _____ final regulations are codified in the:

Accepted Answer

A)  Code of Federal Regulations;Official Congressional Directory. 
B)  Federal Register;Code of Federal Regulations. 
C)  Code of Federal Regulations;Federal Register. 
D)  Federal Register;United States Reports. 
A)  Code of Federal Regulations;Official Congressional Directory. 
B)  Federal Register;Code of Federal Regulations. 
C)  Code of Federal Regulations;Federal Register. 
D)  Federal Register;United States Reports.

Question 3

What is an executive agency?

Accepted Answer

An executive agency

Question 4

Presidents have formal control over rulemaking by independent agencies.

Accepted Answer

A) True 
 B)False

Question 5

A local electric company that,without government regulation,restricts output and raises price without fear of competition is a typical example of:

Accepted Answer

A)  an oligopoly. 
B)  a natural monopoly. 
C)  pure competition. 
D)  monopolistic competition. 
A)  an oligopoly. 
B)  a natural monopoly. 
C)  pure competition. 
D)  monopolistic competition.

Question 6

A(n)_____ agency is a regulatory agency run by a small group of commissioners free of political control.

Accepted Answer

A)  traditional executive branch 
B)  general regulatory 
C)  federal executive department 
D)  independent regulatory 
A)  traditional executive branch 
B)  general regulatory 
C)  federal executive department 
D)  independent regulatory

Question 7

Costs of production borne not by the enterprise that causes them but by society are called:

Accepted Answer

A)  internal diseconomies. 
B)  internal economies. 
C)  benefits. 
D)  externalities. 
A)  internal diseconomies. 
B)  internal economies. 
C)  benefits. 
D)  externalities.

Question 8

List some of the market failures that justify regulation.

Accepted Answer

Some of the market failures that justify

Question 9

Guidance is information published in nonbinding documents like memoranda and circulars intended to clarify official regulations.

Accepted Answer

A) True 
 B)False

Question 10

What is an independent regulatory commission? How did the first independent regulatory commission come into existence?

Accepted Answer

An independent regulatory commission is

Question 11

What are some of the objectives that justify social and political regulations?

Accepted Answer

Some of the objectives that justify soci

Question 12

Regulation is the effort by governments to achieve economic or social outcomes by directing the behavior of citizens,groups,and corporations.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is true about regulatory statutes?

Accepted Answer

A)  A bill containing regulatory authority has to be passed by at least one house of the Congress. 
B)  After the bill containing regulatory authority is passed,it is assigned exclusively to an independent commission. 
C)  Statutes contain all the specific rules needed. 
D)  Federal regulation originates in an act of Congress. 
A)  A bill containing regulatory authority has to be passed by at least one house of the Congress. 
B)  After the bill containing regulatory authority is passed,it is assigned exclusively to an independent commission. 
C)  Statutes contain all the specific rules needed. 
D)  Federal regulation originates in an act of Congress.

Question 14

Proposed rules are sent by executive branch agencies to the _____ where a staff of about 50 scrutinizes the proposed rule to see if it is really needed,if all alternatives have been examined,and whether its costs are justified.

Accepted Answer

A)  Office of Administration 
B)  Office of Management and Budget 
C)  Office of Information and Regulatory Affairs 
D)  Office of Personnel Management 
A)  Office of Administration 
B)  Office of Management and Budget 
C)  Office of Information and Regulatory Affairs 
D)  Office of Personnel Management

Question 15

What is a "significant regulatory action"?

Accepted Answer

A)  A rule to control risk in financial markets. 
B)  A rule with an annual effect on the economy of $100 million or more. 
C)  A rule that gives the federal government wide power to regulate business. 
D)  A rule to bring "Relief,Recovery,and Reform." 
A)  A rule to control risk in financial markets. 
B)  A rule with an annual effect on the economy of $100 million or more. 
C)  A rule that gives the federal government wide power to regulate business. 
D)  A rule to bring "Relief,Recovery,and Reform."

Question 16

What was the scenario during the first wave of federal regulation of business?

Accepted Answer

The first wave of the federal regulation

Question 17

Which 2010 Act,passed to control risk in financial markets,is the biggest surge in economic regulation since the New Deal?

Accepted Answer

A)  The Dodd-Frank Act 
B)  The Expedited Funds Availability Act 
C)  The Tax Extenders and Alternative Minimum Tax Relief Act 
D)  The Congressional Accountability Act 
A)  The Dodd-Frank Act 
B)  The Expedited Funds Availability Act 
C)  The Tax Extenders and Alternative Minimum Tax Relief Act 
D)  The Congressional Accountability Act

Question 18

The impact of a regulation on employment,productivity,and innovation is a direct and easy way to calculate the costs of regulation.

Accepted Answer

A) True 
 B)False

Question 19

_____ is the process of removing or substantially reducing the body of control covering an industry.

Accepted Answer

A)  Liberalization 
B)  Privatization 
C)  Globalization 
D)  Deregulation 
A)  Liberalization 
B)  Privatization 
C)  Globalization 
D)  Deregulation

Question 20

The clause in Article I,Section 8 of the Constitution that gives the Congress the power to regulate business is called the:

Accepted Answer

A)  Commerce Clause. 
B)  Contract Clause. 
C)  Establishment Clause. 
D)  Vesting Clause. 
A)  Commerce Clause. 
B)  Contract Clause. 
C)  Establishment Clause. 
D)  Vesting Clause.

In addition to regulations,agencies issue larger volumes of _____ in documents such as memoranda,circulars,compliance manuals,and advisory opinions.

After publication in the _____ final regulations are codified in the:

What is an executive agency?

Presidents have formal control over rulemaking by independent agencies.

A local electric company that,without government regulation,restricts output and raises price without fear of competition is a typical example of:

A(n)_____ agency is a regulatory agency run by a small group of commissioners free of political control.

Costs of production borne not by the enterprise that causes them but by society are called:

List some of the market failures that justify regulation.

Guidance is information published in nonbinding documents like memoranda and circulars intended to clarify official regulations.

What is an independent regulatory commission? How did the first independent regulatory commission come into existence?

What are some of the objectives that justify social and political regulations?

Regulation is the effort by governments to achieve economic or social outcomes by directing the behavior of citizens,groups,and corporations.

Which of the following is true about regulatory statutes?

Proposed rules are sent by executive branch agencies to the _____ where a staff of about 50 scrutinizes the proposed rule to see if it is really needed,if all alternatives have been examined,and whether its costs are justified.

What is a "significant regulatory action"?

What was the scenario during the first wave of federal regulation of business?

Which 2010 Act,passed to control risk in financial markets,is the biggest surge in economic regulation since the New Deal?

The impact of a regulation on employment,productivity,and innovation is a direct and easy way to calculate the costs of regulation.

_____ is the process of removing or substantially reducing the body of control covering an industry.

The clause in Article I,Section 8 of the Constitution that gives the Congress the power to regulate business is called the:

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

Exam 10: Regulating Business

In addition to regulations,agencies issue larger volumes of _____ in documents such as memoranda,circulars,compliance manuals,and advisory opinions.

After publication in the _____ final regulations are codified in the:

What is an executive agency?

Presidents have formal control over rulemaking by independent agencies.

A local electric company that,without government regulation,restricts output and raises price without fear of competition is a typical example of:

A(n)_____ agency is a regulatory agency run by a small group of commissioners free of political control.

Costs of production borne not by the enterprise that causes them but by society are called:

List some of the market failures that justify regulation.

Guidance is information published in nonbinding documents like memoranda and circulars intended to clarify official regulations.

What is an independent regulatory commission? How did the first independent regulatory commission come into existence?

What are some of the objectives that justify social and political regulations?

Regulation is the effort by governments to achieve economic or social outcomes by directing the behavior of citizens,groups,and corporations.

Which of the following is true about regulatory statutes?

Proposed rules are sent by executive branch agencies to the _____ where a staff of about 50 scrutinizes the proposed rule to see if it is really needed,if all alternatives have been examined,and whether its costs are justified.

What is a "significant regulatory action"?

What was the scenario during the first wave of federal regulation of business?

Which 2010 Act,passed to control risk in financial markets,is the biggest surge in economic regulation since the New Deal?

The impact of a regulation on employment,productivity,and innovation is a direct and easy way to calculate the costs of regulation.

_____ is the process of removing or substantially reducing the body of control covering an industry.

The clause in Article I,Section 8 of the Constitution that gives the Congress the power to regulate business is called the:

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Critics of Business

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters