Question 1

The burden of regulation can be measured or characterized by all of the following methods EXCEPT:

Accepted Answer

A)  impact of regulation on innovation. 
B)  total dollar cost. 
C)  cost of administering the regulatory process. 
D)  impact of regulation on unemployment. 
A)  impact of regulation on innovation. 
B)  total dollar cost. 
C)  cost of administering the regulatory process. 
D)  impact of regulation on unemployment.

Question 2

A corporate agency is a regulatory agency in the executive branch run by a single administrator.

Accepted Answer

A) True 
 B)False

Question 3

Poorer countries generally have heavier regulation.How does this impact business?

Accepted Answer

Poorer countries generally have heavier

Question 4

When one company supplies the entire market for a good or service more cheaply than a combination of smaller firms,it has:

Accepted Answer

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

Question 5

What is regulation? What is the first step in the creation of a new regulation?

Accepted Answer

Regulation is a government activity that

Question 6

The Emergency Economic Stabilization Act prohibited federal regulators from exchanging funds for an ownership interest in banks.

Accepted Answer

A) True 
 B)False

Question 7

If dominating companies in an industry cut prices until competitors leave the market,and then raise prices again,they are engaging in:

Accepted Answer

A)  destructive competition. 
B)  pure competition. 
C)  monopolistic competition. 
D)  perfect competition. 
A)  destructive competition. 
B)  pure competition. 
C)  monopolistic competition. 
D)  perfect competition.

Question 8

Discuss the World Bank study of the regulation of doing business in nations other than the U.S.

Accepted Answer

In 2004 the World Bank began an ambitiou

Question 9

Which of the following statements about regulations is false?

Accepted Answer

A)  Regulation varies widely around the world. 
B)  Poor countries regulate business in a consistent manner. 
C)  Poor countries regulate business the most. 
D)  Heavier regulation brings bad outcomes. 
A)  Regulation varies widely around the world. 
B)  Poor countries regulate business in a consistent manner. 
C)  Poor countries regulate business the most. 
D)  Heavier regulation brings bad outcomes.

Question 10

Which of the following statements is true about the Department of Homeland Security?

Accepted Answer

A)  It issues rules affecting every industry. 
B)  Its budget is almost 10 times that of the next largest agency,the EPA. 
C)  It has 60,000 employees. 
D)  It is primarily a business regulator. 
A)  It issues rules affecting every industry. 
B)  Its budget is almost 10 times that of the next largest agency,the EPA. 
C)  It has 60,000 employees. 
D)  It is primarily a business regulator.

Question 11

Statutes rarely contain all the specific rules needed to assure that their intended purpose is achieved.

Accepted Answer

A) True 
 B)False

Question 12

Externalities are costs of production borne by the enterprise that causes them.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is NOT a part of the principles of good regulation set forth by the World Bank?

Accepted Answer

A)  Increase court involvement in business matters. 
B)  Focus on enhancing property rights. 
C)  Expand the use of technology. 
D)  Make reform a continuous process. 
A)  Increase court involvement in business matters. 
B)  Focus on enhancing property rights. 
C)  Expand the use of technology. 
D)  Make reform a continuous process.

Question 14

One way to characterize the cost of regulation is to calculate its total dollar cost.

Accepted Answer

A) True 
 B)False

Question 15

What is an independent regulatory commission?

Accepted Answer

An independent regulatory comm

Question 16

The _____ Act requires each agency to set up an adjudication process leading to trial before an administrative law judge.

Accepted Answer

A)  Congressional Accountability 
B)  Administrative Procedure 
C)  Congressional Review 
D)  Apportionment 
A)  Congressional Accountability 
B)  Administrative Procedure 
C)  Congressional Review 
D)  Apportionment

Question 17

Competitive markets operate more efficiently when their participants have enough information to make informed choices.

Accepted Answer

A) True 
 B)False

Question 18

A policy is a decree issued by an agency to implement a law passed by Congress.

Accepted Answer

A) True 
 B)False

Question 19

Some regulations stop firms from making products in harmful ways,such as,by exposing workers to danger or by releasing pollutants.This is an example of the government trying to:

Accepted Answer

A)  provide information. 
B)  resolve national and global problems. 
C)  regulate socially desirable production methods. 
D)  regulate special customers. 
A)  provide information. 
B)  resolve national and global problems. 
C)  regulate socially desirable production methods. 
D)  regulate special customers.

Question 20

Explain the process of rulemaking.

Accepted Answer

Regulatory agencies promulgate rules tha

The burden of regulation can be measured or characterized by all of the following methods EXCEPT:

A corporate agency is a regulatory agency in the executive branch run by a single administrator.

Poorer countries generally have heavier regulation.How does this impact business?

When one company supplies the entire market for a good or service more cheaply than a combination of smaller firms,it has:

What is regulation? What is the first step in the creation of a new regulation?

The Emergency Economic Stabilization Act prohibited federal regulators from exchanging funds for an ownership interest in banks.

If dominating companies in an industry cut prices until competitors leave the market,and then raise prices again,they are engaging in:

Discuss the World Bank study of the regulation of doing business in nations other than the U.S.

Which of the following statements about regulations is false?

Which of the following statements is true about the Department of Homeland Security?

Statutes rarely contain all the specific rules needed to assure that their intended purpose is achieved.

Externalities are costs of production borne by the enterprise that causes them.

Which of the following is NOT a part of the principles of good regulation set forth by the World Bank?

One way to characterize the cost of regulation is to calculate its total dollar cost.

What is an independent regulatory commission?

The _____ Act requires each agency to set up an adjudication process leading to trial before an administrative law judge.

Competitive markets operate more efficiently when their participants have enough information to make informed choices.

A policy is a decree issued by an agency to implement a law passed by Congress.

Some regulations stop firms from making products in harmful ways,such as,by exposing workers to danger or by releasing pollutants.This is an example of the government trying to:

Explain the process of rulemaking.

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

The burden of regulation can be measured or characterized by all of the following methods EXCEPT:

A corporate agency is a regulatory agency in the executive branch run by a single administrator.

Poorer countries generally have heavier regulation.How does this impact business?

When one company supplies the entire market for a good or service more cheaply than a combination of smaller firms,it has:

What is regulation? What is the first step in the creation of a new regulation?

The Emergency Economic Stabilization Act prohibited federal regulators from exchanging funds for an ownership interest in banks.

If dominating companies in an industry cut prices until competitors leave the market,and then raise prices again,they are engaging in:

Discuss the World Bank study of the regulation of doing business in nations other than the U.S.

Which of the following statements about regulations is false?

Which of the following statements is true about the Department of Homeland Security?

Statutes rarely contain all the specific rules needed to assure that their intended purpose is achieved.

Externalities are costs of production borne by the enterprise that causes them.

Which of the following is NOT a part of the principles of good regulation set forth by the World Bank?

One way to characterize the cost of regulation is to calculate its total dollar cost.

What is an independent regulatory commission?

The _____ Act requires each agency to set up an adjudication process leading to trial before an administrative law judge.

Competitive markets operate more efficiently when their participants have enough information to make informed choices.

A policy is a decree issued by an agency to implement a law passed by Congress.

Some regulations stop firms from making products in harmful ways,such as,by exposing workers to danger or by releasing pollutants.This is an example of the government trying to:

Explain the process of rulemaking.

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