Question 1

Networks are the result of product differentiation.

Accepted Answer

A) True 
 B)False  False

Question 2

Dumping refers to selling a product abroad at higher prices than the product is sold domestically.

Accepted Answer

A) True 
 B)False  False

Question 3

A tax on an imported product is called a

Accepted Answer

A) tariff. 
B) quota. 
C) dumping signal. 
D) all of these choices. 
A) tariff. 
B) quota. 
C) dumping signal. 
D) all of these choices. A

Question 4

QWERTY

Accepted Answer

A) is the government agency charged with regulating the internet. 
B) is an example of a network. 
C) a cable system prior to VHS. 
D) none of these choices. 
A) is the government agency charged with regulating the internet. 
B) is an example of a network. 
C) a cable system prior to VHS. 
D) none of these choices.

Question 5

Diversification is determined by adding value.

Accepted Answer

A) True 
 B)False

Question 6

Many government regulations are law because small groups receive large benefits from them.

Accepted Answer

A) True 
 B)False

Question 7

New social regulations usual are created as barriers to entry.

Accepted Answer

A) True 
 B)False

Question 8

Regulations can address

Accepted Answer

A) social issues. 
B) economic issues. 
C) social and economic issues. 
D) international affairs. 
A) social issues. 
B) economic issues. 
C) social and economic issues. 
D) international affairs.

Question 9

The Herfindahl-Hirschman Index is used to measure

Accepted Answer

A) brand recognition. 
B) the ease of market entry. 
C) market power. 
D) none of these choices. 
A) brand recognition. 
B) the ease of market entry. 
C) market power. 
D) none of these choices.

Question 10

Business should take government actions as

Accepted Answer

A) given. 
B) something that must be recognized in decision-making. 
C) a passive factor with little impact. 
D) enhancing efficiency. 
A) given. 
B) something that must be recognized in decision-making. 
C) a passive factor with little impact. 
D) enhancing efficiency.

Question 11

A focus of antitrust activities is

Accepted Answer

A) entry blocking. 
B) price fixing. 
C) the buying of patents. 
D) rent-seeking by lobbyists. 
A) entry blocking. 
B) price fixing. 
C) the buying of patents. 
D) rent-seeking by lobbyists.

Question 12

Government rules and regulations can affect

Accepted Answer

A) market prices. 
B) the strategy of business. 
C) the costs of factors of production. 
D) all of these choices. 
A) market prices. 
B) the strategy of business. 
C) the costs of factors of production. 
D) all of these choices.

Question 13

A major institution in international regulation is the

Accepted Answer

A) WTO. 
B) Federal Reserve. 
C) FDIC. 
D) TSA. 
A) WTO. 
B) Federal Reserve. 
C) FDIC. 
D) TSA.

Question 14

The WTO affects business practices across the globe.

Accepted Answer

A) True 
 B)False

Question 15

Social regulations can create

Accepted Answer

A) a more competitive market place. 
B) network externalities. 
C) a lower HHI. 
D) barriers to entry. 
A) a more competitive market place. 
B) network externalities. 
C) a lower HHI. 
D) barriers to entry.

Question 16

Government regulations have little effect on the strategic decision of a business.

Accepted Answer

A) True 
 B)False

Question 17

An early piece of anti-trust legislation is the

Accepted Answer

A) Sherman Act. 
B) Mann Act. 
C) DIDMCA of 1980. 
D) Federal Reserve Act of 1913. 
A) Sherman Act. 
B) Mann Act. 
C) DIDMCA of 1980. 
D) Federal Reserve Act of 1913.

Question 18

Examples of agency addressing social regulation include.

Accepted Answer

A) OSHA 
B) EPA 
C) FDA 
D) all of these choices 
A) OSHA 
B) EPA 
C) FDA 
D) all of these choices

Question 19

A high HHI indicates that a market may be dominated by one large firm.

Accepted Answer

A) True 
 B)False

Question 20

Antitrust legislation is an attempt by government to make competition

Accepted Answer

A) equal. 
B) efficient. 
C) structured. 
D) fair. 
A) equal. 
B) efficient. 
C) structured. 
D) fair.

Exam 10: Strategies With Respect to Government

Networks are the result of product differentiation.

Dumping refers to selling a product abroad at higher prices than the product is sold domestically.

A tax on an imported product is called a

QWERTY

Diversification is determined by adding value.

Many government regulations are law because small groups receive large benefits from them.

New social regulations usual are created as barriers to entry.

Regulations can address

The Herfindahl-Hirschman Index is used to measure

Business should take government actions as

A focus of antitrust activities is

Government rules and regulations can affect

A major institution in international regulation is the

The WTO affects business practices across the globe.

Social regulations can create

Government regulations have little effect on the strategic decision of a business.

An early piece of anti-trust legislation is the

Examples of agency addressing social regulation include.

A high HHI indicates that a market may be dominated by one large firm.

Antitrust legislation is an attempt by government to make competition

Economics and Management

The Power of Markets and the Wealth of Nations

Spontaneous Order, Markets, and Market Failure

Spontaneous Order and the Firm

Organization of the Firm

Market Failures and Incentive Issues Inside the Firm

When Other Firms Dont Respond

When Other Firms React

The Entrepreneur and the Market Process

What Should the Firm Do

Demand and Revenue Management

Costs

The Mechanics of Profit Maximization

Pricing

The Knowledge Economy

The Corporate Form and the Cost of Capital

Internal Markets

Measuring Economic Profit

The Firm in a National and a Global Setting

Strategy Myths

Filters