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Elaborate on how the news media maintains balance and fairness in their treatment of
issues.
Answer:
Write a short note on the Superfund outlining its significance.
Answer:
The focus of the Tokyo Round of GATT was on agricultural subsidies.
Answer:
The principal risk to subsidization through high feed-in tariffs was from business
customers forced to pay higher prices for electricity.
Answer:
When an industry seeks to defeat legislation, a unified position is most effective.
Answer:
Liability awards can never dissuade firms from producing certain desirable products.
Answer:
The first stage in the life cycle of a crisis is escalation.
Answer:
Both teleological and deontological systems are ultimately concerned with the
evaluation of actions.
Answer:
Agriculture has been the sector with the smallest distortions in trade.
Answer:
As firms do not have the right to petition the government, lobbying is a relatively
regulated activity.
Answer:
The law of comparative advantage provides the basic rationale for free tradeall
countries, even those with an absolute disadvantage, can gain from trade.
Answer:
A potentially vulnerable company will face confrontational private politics irrespective
of the amount of self-regulation.
Answer:
The purpose of the tort system is to provide incentives for people and firms to take care
to avoid harm.
Answer:
Corporate social responsibility (CSR) activities can strengthen local community
relations and improve employee morale.
Answer:
In India, the governor of a state corresponds to the position of president of the country.
Answer:
The economy of India is not intertwined with those of the developed countries, which
has allowed it to avoid the financial crises and recessions stemming from the United
States and Europe.
Answer:
Assessment measures developed for countries and the growth of political consultancies
help draw conclusions about a country before business can be established.
Answer:
The success of private politics is independent of public support.
Answer:
Rights can be established by private agreements, such as contracts.
Answer:
Under the principle of subsidiarity, the member states are responsible for health care
and can institute their own price controls.
Answer:
Kantian maxims are also referred to as moral rules.
Answer:
The nonmarket environment is characterized by the social, political, and legal
arrangements that structure interactions outside of, but in conjunction, with markets and
private agreements.
Answer:
Regulation is also supplied in response to the demands of interest groups other than
business.
Answer:
Media restrictions, ethnic and religious conflicts, political corruption, and political
megalomania are some of the risks faced in emerging market countries.
Answer:
The NIMBY movement focuses on local environmental concerns, particularly as they
involve possible risks to person or property.
Answer:
Federal law delegates the implementation of federal regulations such as environmental
issues or health issues to the states.
Answer:
Freedom of speech and assembly are positive rights.
Answer:
All defamation charges need a show of actual damages.
Answer:
The challenge to the subsidies for renewable power and solar power in particular came
from entrepreneurial politics.
Answer:
In a corporatist structure, unions and businesses have peak organizations that advise the
government and negotiate on policy.
Answer:
Rent chain can be mobilized only on issues inside governmental institutions.
Answer:
Strategies and practices of a firm are revised frequently as a function of the salience of
the issues in the market and nonmarket environments.
Answer:
In the news media environment, which of the following is considered the unit of
analysis?
a) advocacy and course of action
b) public and interest groups
c) coverage and treatment
d) issues and events
Answer:
Which of the following statements is true of the formation of interest groups?
a) Interest groups arise from moral concerns.
b) It cannot be specialized enough to focus on particular issues or strategies.
c) It is formed among individuals and organizations with nonaligned interests.
d) The benefits of collective action are higher than the costs of organizing it.
Answer:
Which of the following statements is true of entrepreneurial politics?
a) An alternative is to be adopted over the status quo to represent the widely distributed
benefits.
b) The beneficiaries face little risk of opposition from the other side.
c) The outcome is largely determined by the amounts and effectiveness of the
nonmarket action generated by the interests on each side of the issue.
d) The outcome is determined by the preferences of a majority.
Answer:
A leading airline firm increases the airfare for its business and first class passengers on
high-density routes. This aids in reducing the prices for economy class passengers on
low-density routes. This is an example of ________.
a) cross-subsidization
b) moral hazard
c) redistribution of wealth
d) deadweight loss
Answer:
Why is the casuist approach criticized?
a) It shortcuts the application of principles in favor of conceptions of responsibility that
may be inconsistent with moral standards.
b) It leaves no room for interpretation in different situations.
c) It cannot be molded to suit individual cases.
d) It does not take the decision maker's self-interest into account.
Answer:
Which of the following is true of management in the nonmarket environment?
a) Obtaining information about the agenda of regulators and administrators can be
crucial to developing a successful strategy.
b) It requires a divided strategy with a strong market component to share opportunities
and deal with risks.
c) Obtaining access to government officeholders in emerging markets is less important
because government is not bound by due process requirements.
d) The weaker the rent chain in an emerging markets country; the more effective a
nonmarket strategy is likely to be.
Answer:
The audience effect should be stronger ________.
a) the more conservative is the audience
b) the greater is the opacity of the situation
c) the more important is the moral issue to the members of the audience
d) the more the members of the audience identifies with the firm
Answer:
Supply-side subsidies include ________.
a) tax credits for households to install solar panels on rooftops
b) tax credits for businesses to purchase electric cars
c) high feed-in tariffs for power producers
d) grants for households to purchase electric cars
Answer:
According to the audience interest/societal significance continuum, which of the
following is most likely to get moderate coverage with advocacy and interpretation?
a) issues on environmental protection
b) issues on poverty
c) issues on international trade
d) issues on individual rights
Answer:
Which of the following is another term given to the news media?
a) the Fifth Republic
b) Ancien Régime
c) the Watchmen
d) the Fourth Estate
Answer:
Most emerging markets countries are not well integrated into global markets, and this
can increase the cost of capital yet provide a measure of insulation from risks in global
markets. Which of the following types of risks is applicable here?
a) regulatory risk
b) financial restrictions
c) political corruption
d) market risk hedging
Answer:
Firms that operate internationally are subject to ________.
a) only the laws of their home country
b) only the laws of the host country
c) only international trade agreements
d) laws of their home country as well as the host country
Answer:
Which of the following frameworks for management and strategy formulation in the
nonmarket environment is NOT applicable to an authoritarian government?
a) identifying issues
b) identifying interests
c) identifying electoral strategies
d) identifying institutions
Answer:
Which of the following categories did the World Bank Doing Business 2011 report rank
India near the bottom for?
a) Economic Growth Rate
b) Outsourcing
c) Dealing with Construction Permits
d) Microfinancing
Answer:
Which of the following is a demerit of the liability system?
a) The liability system is costly to operate.
b) Punitive damages awards are largely governed by strict constitutional guidelines.
c) The insurance system prohibits firms to insure against the risks of damage awards.
d) The standard of strict liability assigns too much of the cost of injuries to consumers
and too little to firms, distorting the incentives for care.
Answer:
________ is an approach to moral practice that seeks to balance competing
considerations by making exceptions to ethics principles in particular cases.
a) Moral philosophy
b) Political philosophy
c) Utilitarianism
d) Casuistry
Answer:
The negotiations in the ________ Round were to pay special attention to the situations
of developing countries.
a) Doha
b) Uruguay
c) Kennedy
d)Tokyo
Answer:
Which of the following is a nonmarket issue high on firms' agendas?
a) intellectual property protection
b) channel selection
c) advertising and promotion
d) pricing strategies
Answer:
One of the reform measures proposed by the American Tort Reform Association is to
have punitive damage awards paid to the ________.
a) plaintiff
b) defendant
c) public
d) government
Answer:
Which of the following is a necessary condition for an informational strategy to be
effective?
a) favorable information must be provided to the legislator
b) government officeholders are more informed than the interest group
c) interest group is more informed about the issue than are the government
officeholders
d) the public holds superior information about an issue than the interest group.
Answer:
____________ cap(s) the total allowed emissions of a particular pollutant and issue
permits for that amount.
a) Life-expectancy systems
b) Command-and-control regulations
c) Tradable permits systems
d) The Superfund
Answer:
Which of the following is applicable to private politics strategy to put pressure on a
company and its reputation?
a) It avoids using policy studies.
b) It attempts to pass legislation through government action.
c) It questions the board of directors directly.
d) It uses shareholder rights by questioning at annual meetings.
Answer:
Which of the following is an economic advantage of the subsidization of renewable
power?
a) Subsidization decreases dependence on imported fuels.
b) Subsidization renders the adverse effects of traditional energy sources harmless.
c) Subsidies for renewable power plants do not affect states with budget deficits.
d) Subsidies for renewable power plants increase the tax revenue of the country
substantially.
Answer:
The last stage in the life cycle of a crisis is ________.
a) resolution
b) escalation
c) identification
d) intervention
Answer:
The ________ established the Federal Deposit Insurance Corporation (FDIC) to insure
deposits in banks.
a) Glass-Steagall Act of 1933
b) Consumer Protection Act of 2010
c) Securities Act of 1933
d) Securities Exchange Act of 1934
Answer:
Which of the following statements is true of private politics?
a) It is not motivated by self-interest or broader concerns.
b) It implements strategies to apply legislation through government action.
c) It implements strategies to affect the public sentiment.
d) It is independent of public support.
Answer:
The legal bases for rights include ________.
a) norms
b) contracts
c) cultural codes
d) consequentialist ethics
Answer:
Due to the ________, automobile emissions are controlled through government
regulation.
a) exorbitant costs associated with private bargaining
b) unwillingness of businesses to curb air pollution
c) low negative externalities associated with air pollution
d) general disagreement on the impacts of automobile emissions on the environment
Answer:
A nuclear energy company sets up a plant in North Africa. Although, the plant will
benefit the consumers with cheap energy and employment, hundreds of villagers will be
displaced. The company faces growing pressure from some developed nations, NGOs,
and the news media. It finally decides to relocate the villagers in the next one year
through a corporate social responsibility scheme. Which of the following explains the
behavior of the company?
a) altruism
b) audience effect
c) egalitarianism
d) paternalism
Answer:
Why do countries generally gain from multilateral reductions in tariff and nontariff
barriers?
a) because liberalized trade policy is beneficial in the aggregate
b) because the politics of international trade policy is majoritarian
c) because liberalized trade policy supports market monopolies
d) because the distributive consequences of a liberalized trade policy are not uniform
Answer:
________ refers to actions taken to benefit a person without that person's consent.
a) Egalitarianism
b) Paternalism
c) Liberalism
d) Prioritization of rights
Answer:
Which of the following statements is true of interest group politics?
a) An alternative is to be adopted over the status quo to represent the widely distributed
benefits.
b) The beneficiaries face little risk of opposition from the other side.
c) The outcome is largely determined by the amounts and effectiveness of the
nonmarket action generated by the interests on each side of the issue.
d) The outcome is determined by the preferences of a majority.
Answer:
Which of the following is the least expensive grassroots activity?
a) letter-writing
b) telephone-call
c) petition
d) bus-in
Answer:
Since the ________, which raised tariffs dramatically and contributed to the depth and
duration of the Great Depression, the United States and other developed countries have
supported reductions in tariffs and other barriers to international trade.
a) Reciprocal Trade Agreement Act
b) Neutrality Act of 1935
c) Trade Adjustment Assistance Act
d) Smoot-Hawley Act of 1930
Answer:
What are the factors that enabled China to assume market leadership in the solar panel
market? What were the market signals for solar panels in Europe and the United States?
Answer:
How can the news media help in bringing notice to nonmarket issues?
Answer:
Consider the case of Wal-Mart and Hurricane Katrina where Wal-Mart analyzed sales
data prior to a hurricane. It also used forecasts from the National Weather Service and
private meteorologists and projected the path of the storm. Wal-Mart initially sent
supplies to its stores in Florida where the storm was projected to hit. When the storm
crossed the tip of Florida without causing much damage, Wal-Mart turned its attention
to the Gulf Coast. With the aid of its meteorologists it projected landfall just east of
New Orleans and immediately began sending generators and supplies to its distribution
centers in the Gulf region.
Can companies prepare for a major crisis or is the case of Wal-Mart and Hurricane
Katrina an exception?
Answer:
Highlight the differences between strategy formulation in the nonmarket environment
and in the market environment.
Answer:
Empirical studies provide a picture of the landscape in which firms operate, but it does
not provide a roadmap for individuals firms. What is the challenge faced by individual
firms?
Answer:
Three of the dissenters characterized the majority report issued by the Financial Crisis
Inquiry Commission (FCIC) as a compilation of all the bad events that took place rather
than as an explanation of the critical factors that caused the crisis. What were the
essential causes of the crisis according to the dissenters?
Answer:
What is common law? What is the advantage of common law and why is it an important
aspect of the legal system?
Answer:
Write a short note on the philosophical criticisms of utilitarianism.
Answer:
Explain the idea behind the concepts of ren and li.
Answer:
Write an essay on the positive and less than positive roles played by activist groups.
Give specific examples of each of these roles. Use Greenpeace International as your
focus of analysis.
Answer:
What are the two factors responsible for the spread of codes of ethics and statements of
social responsibility in firms?
Answer:
Define corporate social performance (CSP).
Answer:
Describe the different approaches to integrate market and nonmarket strategies.
Answer:
Outline the structure of the U.S. trade policy.
Answer:
Discuss management in the nonmarket environment.
Answer:
