Reference no: EM131701019

Assignment

Part 1

Question 1
What is NOT cited in the text as an occasional weakness of the shareholder model?
A. The excessive focus on materialism and wealth accumulation at the expense of other human values
B. The demand by business itself for government services
C. Market imperfections and vulnerabilities
D. The promotion of elaborate welfare regimes

Question 2
According to the text, which of the countries has the highest ranking across ALL indexes discussed (economic freedom, global competitiveness, human development, environmental concern and equitable wealth distribution)?
A. Switzerland
B. U.S.
C. China
D. Russia

Question 3
What is Crony Capitalism?
A. Paying a kick-back to preferred clients
B. Firms investing in "sham" companies
C. Doing business with familiar people or businesses
D. Close relationships between business and government that lead to favored treatment at the expense of the public good

Question 4
What is Corporate Social Responsibility (CSR)?
A. Discretionary business practices that are aimed at contributing to the well-being of society - usually at some cost to pure business practices
B. following all legal requirements and ethical norms
C. Reporting questionable internal behavior promptly
D. Businesses that donate more than 10% of their profits to charity

Question 5
What is the primary motivation of Corporate Social Responsibility?
A. To enhance a company's competitive position
B. To give back and participate in society which has enabled business sucess
C. To persuade IRS that the company is properly directed and managed
D. To increase tax breaks for charitable activities

Question 6
What is the Primary function of the FED?
A. All of the above
B. To oversee fiscal policy in the United States
C. To manage the currency and provide loans in times of economic distress
D. To manage the currency and oversee the stability of the banking system

Question 7
What is the primary difference between monetary and fiscal policy?
A. Fiscal policy reflects budget priorities and monetary policy tax rates
B. Fiscal policy determines tax rates and monetary policy determines government spending
C. Fiscal policy is reflected in the government's annual budget and monetary policy is reflected in decisions that affect the money supply in the economy
D. None of the above

Question 8
After Congress passes a law, the executive branch is responsible to implement it. In many cases this involves a very complex process of interpreting the law and setting definite standards for compliance with the intent of Congress. What is this process called?
A. Executive Power
B. Regulation
C. Implementation
D. De-regulation

Question 9
What is the name of the publication that contains notices of proposed regulatory actions and hearings?
A. The Federal Register
B. Code of Federal Regulations
C. The Daily Record
D. The GAO Weekly Summary

Question 10
What is the name of the law that authorizes and provides guidelines for the regulatory process?
A. The Freedom of Information Act
B. The Government in the Sunshine Act
C. The Administrative Procedures Act
D. None of the Above

Question 11
In many federal agencies, an independent official presides over disputes between business and government. What is this official called?
A. The Comptroller General
B. The Chief Regulatory Officer
C. The Administrative Law judge
D. The Regulatory Executive

Question 12
How do the authors distinguish between ethic and morals?
A. Ethics is doing the right thing for society; morals focuses on individual behavior
B. Ethics is based in law; morals is based in religion.
C. Ethics is a system of beliefs about how to behave; morals indicates their practice
D. All of the Above

Question 13
When was the APA enacted?
A. 2008
B. 1992
C. 1933
D. 1946

Question 14
Which is not one of the three major areas of Consumer Protection Laws & Regulations?
A. Consumer protection from unfair mortgage rates and practices
B. Consumer protection from unfair competition and deceptive practices
C. Prevention of fraud and misrepresentation of food, drugs & cosmetics
D. Consumer product safety

Question 15
What is the difference between a presidential and a parliamentary system?
A. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they only vote for their legislative representative
B. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they don't vote for any national office
C. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they vote for the entire cabinet
D. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they vote for judges and legislatures

Question 16
The Federal Reserve System (also known as The Federal Reserve or the FED) has had its role expended over the years to include which of the following:
A. It stabilizes the financial system and contains systemic risk in financial markets
B. It supervises and regulates banking institutions
C. All of the above
D. It plays a major role in operating the nation's payments system

Question 17
Which are not among the 10 things identified in the reading that are said to encourage corporate social responsibility and ethical behavior?
A. Ethics awards and special recognition for ethical behavior
B. A thoughtful stakeholder analysis
C. Ethical Training
D. Regular bonuses to high performing employees

Question 18
Which are NOT the arguments for building an ethical business culture?
A. Breaking laws put the company at risk; exposes the company to loss of value and revenue
B. Ethical practices provide tax write-offs
C. Economic viability is a pragmatic reality and a responsibility to owners, employees, creditors, etc.
D. Widespread industry law breaking and flagrant market manipulation leads to government intervention and increased regulation (e.g. Sarbanes-Oxley)

Question 19
Congress could not levy taxes; rather, it could request levies from the states, which were consistently ignored. This is characteristic of which era?
A. Moderate Size Government
B. Anti-Central Government
C. Small Government
D. Big Government

Question 20
In which era did the federal government begin its protracted period of disinvestment in government responsibilities through deregulation, privatization and devolution to the states?
A. Rightsizing Government
B. Small Government
C. Anti-Central Government
D. Big Government

Question 21
In which Era did government at all levels begin a concerted effort to place limits on unrestrained business growth and business practices that adversely affected the health and safety of Americans?
A. Rightsizing Government
B. Big Government
C. Anti-Central Government
D. Moderate-sized Government

Question 22
Which theory of regulation focuses on the idea that the private sector can regulate itself much of the time if properly incentivized?
A. Sovereignty theory
B. Self regulation theory
C. Public interest theory
D. Public choice theory

Question 23
Which theory of regulation focuses on the idea that the private sector can regulate itself much of the time if consumers are conscious of the effects of business and have good information?
A. Sovereignty theory
B. Self regulation theory
C. Public choice theory
D. Public interest theory

Question 24
Which theory of regulation focuses on the idea that regulation is needed in order to protect the public good, especially in areas such as in natural monopolies and where competition does not provide a natural corrective action such as in employment discrimination?
A. Public choice theory
B. Sovereignty theory
C. Self regulation theory
D. Public interest theory

Question 25
Which of the above describes three models of business/government relations?
A. Strategic, tactical, operational
B. Strategic, shareholder, stakeholder
C. Strategic, stakeholder, collaborater
D. Strategic, shareholder, collaborator

Question 26
Lobbying is big business. Approximately what is the total lobbying spending by lobbying clients (i.e., official lobbying dollars), according to the text?
A. $3.3 billion dollars
B. $900 million dollars
C. $2.2 billion dollars
D. $1.7 billion dollars

Question 27
The Founding Father who was most responsible for the Constitution was:
A. Madison
B. Hamilton
C. Washington
D. Jefferson

Question 28
During the ratification debates, the States demanded a Bill of Rights because:
A. England adopted a Bill of Rights a few years earlier for its citizens
B. They wanted to reinforce the Constitution's commitment to equality under the law
C. They wanted to reinforce the notion that government power was limited to the provisions expressed in the Constitution
D. They were afraid of the slavery issue

Question 29
According to Wilson, which is among the distinctive features of the American bureaucracy?
A. It uses government employees exclusively to administer programs
B. It is part of the judicial branch of government
C. Government employees cannot be fired
D. Political authority over it is divided

Question 30
Wilson writes that the American version of representative democracy was based on two major principles, both of which distributed power (or prevented it from being accumulated in one place). They were:
A. Freedom and democracy
B. Federalism and the separation of powers
C. Separation of powers and sovereignty
D. Liberty and justice

Question 31
Matching
Anti-Central Government Era
Small Government Era
Moderate Sized Government Era
Big Government Era
Right Sizing Government Era
Monetary policy
Fiscal policy
Shareholder Model
Stakeholder Model
Strategic Model
A. Promotion of business, eg the railroads and support for the creation of public universities
B. Expansion of Fed Gov't role in monetary and fiscal policy with the Federal Reserve and the income tax
C. Regulation of securities, labor practices, child labor, age discrimination, and environmental protection
D. Manages and regulates the supply of money in circulation
E. Privatize and deregulation where possible
F. Emphasizes profit making and economic growth
G. Gov't spending and tax decisions and budget issues
H. Emphasizes community values and needs
I. Emphasizes the practical aspects of capitalism in society and stable economic polices
J. Governed by the Articles of Confederation.

Part 2

What is a weakness of the Shareholder model?

According to the text, which of the countries has the highest ranking across all indexes discussed (economic freedom, global competitiveness, human development, environmental concern, and equitable wealth distribution)?

What is crony capitalism?

What is Corporate Social Responsibility (CSR)?

What is the primary motivation of Corporate Social Responsibility?

What is the FED? What is it's primary function?

What is the primary difference between monetary and fiscal policy?

After Congress passes a law, the executive branch is responsible to implement it. In many cases, this involves a very complex process of interpreting the law and setting definite standards for compliance with the intent of Congress. What is this process called?

What is the name of the publication that contains notices of proposed regulatory actions and hearings?

What is the name of the law that authorizes and provides guidelines for the regulatory process?

In many federal agencies, an independent official presides over disputes between business and government. What is this official is called?

How do the authors distinguish between ethic and morals?

What is the difference between a presidential and a parliamentary system?

Wilson discusses two aspects of democracy that are necessary to protect freedom. What are they?

What are the major parts of the Constitution?

What did the Framers mean by "representational democracy"?

What is the subject of Federalist 10?

What is the subject of Federalist 51?

What are the two ways of amending the Constitution?

The framers sought to prevent an accumulation of arbitrary and unaccountable power by dividing government in some fundamental ways. How is government power divided in the United States?

The Federal Reserve Board includes a Chairman, a Deputy, and how many members are on the Board of Governors?

Which make up the three major areas of Consumer protection laws and regulations?

What is the difference between a categorical and a block grant?

The Sarbanes-Oxley Act of 2002 was characterized by President Bush as "the most far-reaching reforms of American business practices since the time of Franklin D. Roosevelt". The act mandated several reforms such as?

When was the APA enacted?

Who opposed The Sarbanes-Oxley Act put in by President Bush?

Which are the six things identified in the reading and class PowerPoint presentation that are said to encourage corporate social responsibility and ethical behavior?

What are the arguments for building an ethical business culture?

Congress could not levy taxes; rather, it could request levies from the states - which were consistently ignored. This is characteristic of which era?

Wilson lists 5 distinctive factors of the American Bureaucracy. Describe them.

In which era did the federal government began its protracted period of disinvestment in government responsibilities though deregulation, privatization and devolution to the states?

In which era did government at all levels begin a concerted effort to place limits on unrestrained business growth and business practices that adversely affected the health and safety of Americans?

Which theory of regulation focuses on the idea that the private sector can regulate itself much of the time if properly incentivized?

Which theory of regulation focuses on the idea that the private sector can regulate itself much of the time if consumers are conscious of the effects of business and have good information?

Which theory of regulation focuses on the idea that regulation is needed in order to protect the public good, especially in areas such as in natural monopolies and where competition does not provide a natural corrective action such as in employment discrimination?

To whom is The Fed accountable?

What type of monetary policy is generally pursued during a recession in order to encourages growth?

The text describes three models of business/government relations. List and describe them.

Lobbying is big business. Approximately what is the total lobbying spending by lobbying clients (i.e., official lobbying dollars), according to the text?

Often, rich people in a poor country invest most of their capital in other countries because those economies are more stable and safer. What is this practice called?