Question 1

Subprime mortgages are loans:

Accepted Answer

A) to those who qualify for regular mortgages 
B) to first-time home buyers 
C) to those with poor credit histories 
D) to those living in Ontario

Question 2

Governments try to respond to business needs.

Accepted Answer

A) True 
 B)False

Question 3

Canada's history is replete with many successful examples of government stepping in to produce solutions when the market couldn't such as the setting up of the CNR and Air Canada.

Accepted Answer

A) True 
 B)False

Question 4

Senator Spendital has just made a speech deploring the continuous deficits in the federal budget.He is proposing an increase in tax rates to raise more revenue for the government and thus gradually reduce the size of the national debt over a period of several years.The strategy Senator Spendital is proposing is a common type of monetary policy.

Accepted Answer

A) True 
 B)False

Question 5

The role of municipalities in consumer protection is limited to regulating signage.

Accepted Answer

A) True 
 B)False

Question 6

A cap-and-trade system does what?

Accepted Answer

A) Caps the amount that energy companies can charge the consumer. 
B) Puts a price on pollution. 
C) Caps the amount of money that the Bank of Canada can allow into the Canadian economic system. 
D) Taxes the end user of energy products.

Question 7

The origin of the CNR (Canadian National Railways)in 1919 was the result of the federal government bailing out a troubled major industry.

Accepted Answer

A) True 
 B)False

Question 8

Major companies often hint or announce that they are planning to close a plant that is not running efficiently enough to be competitive.What can governments do to work to save the jobs and economies of the area?

Accepted Answer

The answer of Major companies often hint or announce that...

Question 9

Industry Canada produces booklets and materials to inform businesses of the help available and how to get it.

Accepted Answer

A) True 
 B)False

Question 10

The National Round Table on the Environment and the Economy has recommended that Canada immediately put into place what?

Accepted Answer

A) An end to the softwood lumber dispute. 
B) A hard-cap regime on emissions by 2015. 
C) Greater interaction between Canada's three levels of government,but with each having its own unique standards. 
D) A national industrial policy for Canada.

Question 11

Federal governments sometimes use the lever of monetary policy to:

Accepted Answer

A) help control business cycles 
B) help the banks with loaning money to the poor 
C) reward areas with low unemployment 
D) raise interest rates to stimulate sectors of the economy

Question 12

refers to the efforts of the federal government to keep the economy stable by increasing or decreasing taxes and/or government spending.

Accepted Answer

A) Incomes policy 
B) Cyclical policy 
C) Fiscal policy 
D) Monetary policy

Question 13

In the United States,people holding subprime mortgages found that at the end of their term,interest rates were much higher and they couldn't make their payments.

Accepted Answer

A) True 
 B)False

Question 14

Federal and provincial policies to help Canadian businesses by purchasing their goods are being modified due to _.

Accepted Answer

A) equalization payments 
B) MERX 
C) Gaspe 
D) NAFTA

Question 15

Industry Canada is a federal agency that administers a variety of laws affecting businesses and consumers.One of the relevant pieces of legislation is the Competition Act.What major consumer protection laws are covered by the Act?

Accepted Answer

The answer of Industry Canada is a federal agency that...

Question 16

Municipalities set certain zoning requirements on businesses including height and distance from the road of all buildings.

Accepted Answer

A) True 
 B)False

Question 17

The annual Canadian federal budget reveals federal government financial policies for the coming year.

Accepted Answer

A) True 
 B)False

Question 18

A comprehensive government plan to guide and revitalize the economy is known as a monetary policy.

Accepted Answer

A) True 
 B)False

Question 19

The difficulties arising from interprovincial trade barriers have been lessened due to:

Accepted Answer

A) The Agreement on Internal Trade (AIT) 
B) higher tax revenues 
C) Crown corporations 
D) P3s

Question 20

The dropping of interprovincial trade barriers would have little effect on Canada's economy.

Accepted Answer

A) True 
 B)False

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

Subprime mortgages are loans:

Governments try to respond to business needs.

Canada's history is replete with many successful examples of government stepping in to produce solutions when the market couldn't such as the setting up of the CNR and Air Canada.

The role of municipalities in consumer protection is limited to regulating signage.

A cap-and-trade system does what?

The origin of the CNR (Canadian National Railways)in 1919 was the result of the federal government bailing out a troubled major industry.

Major companies often hint or announce that they are planning to close a plant that is not running efficiently enough to be competitive.What can governments do to work to save the jobs and economies of the area?

Industry Canada produces booklets and materials to inform businesses of the help available and how to get it.

The National Round Table on the Environment and the Economy has recommended that Canada immediately put into place what?

Federal governments sometimes use the lever of monetary policy to:

refers to the efforts of the federal government to keep the economy stable by increasing or decreasing taxes and/or government spending.

In the United States,people holding subprime mortgages found that at the end of their term,interest rates were much higher and they couldn't make their payments.

Federal and provincial policies to help Canadian businesses by purchasing their goods are being modified due to _.

Industry Canada is a federal agency that administers a variety of laws affecting businesses and consumers.One of the relevant pieces of legislation is the Competition Act.What major consumer protection laws are covered by the Act?

Municipalities set certain zoning requirements on businesses including height and distance from the road of all buildings.

The annual Canadian federal budget reveals federal government financial policies for the coming year.

A comprehensive government plan to guide and revitalize the economy is known as a monetary policy.

The difficulties arising from interprovincial trade barriers have been lessened due to:

The dropping of interprovincial trade barriers would have little effect on Canada's economy.