Question 1

Government regulation of the communications industry has been criticized in the past,but now that the government has such strict controls over the Internet,the critics are becoming more vocal.

Accepted Answer

The government does not have strict controls over the Internet as a whole; regulations vary by country and are often subject to debate and change.

Question 2

Prior to an upcoming federal election in Canada,a provincial level newspaper is considering whether or not they should publicly endorse the Conservative Party of Canada.They know that such endorsement is a more direct way to influence policy than through lobbying activities.

Accepted Answer

False

Question 3

Democratic capitalist countries rely exclusively on market forces to regulate business practices.

Accepted Answer

Democratic capitalist countries may rely on market forces to a large extent, but they also have regulations and laws in place to protect consumers, workers, and the environment. The government also provides public goods and services, such as education, healthcare, and infrastructure. Therefore, market forces are not the only way to regulate business practices in democratic capitalist countries.

Question 4

The demand for increasing legislation increases following a business scandal.

Accepted Answer

When a business scandal occurs, there is often public outcry for action to be taken to prevent similar scandals from happening again. This can result in increased demand for legislation to regulate business practices and behavior.

Question 5

In a highly competitive marketplace,market forces serve to regulate business practice.

Accepted Answer

In a highly competitive marketplace, businesses are forced to compete with each other to attract customers. Market forces such as supply and demand, pricing, and consumer preferences serve to regulate business practices in order to remain competitive and profitable. This can result in improvements in quality, service, and innovation.

Question 6

Tax expenditures refer to the government's own payment of taxes as part of doing business.

Accepted Answer

Tax expenditures refer to provisions in the tax code that provide special treatment to certain groups or activities, resulting in lower tax liabilities or higher refunds. It does not refer to the government's own payment of taxes.

Question 7

Today,governments are less willing to provide bailouts for businesses,but are more willing to be participants in a bailout package that includes multiple stakeholders,such as employees.

Accepted Answer

This is true as governments have become more cautious about bailing out businesses and are now more likely to be part of a collective bailout package that includes all stakeholders involved, including employees.

Question 8

Manitoba Hydro cannot be considered a Crown corporation because it is operated by a provincial government,not the federal government.

Accepted Answer

Manitoba Hydro is a Crown corporation because it is owned and operated by the provincial government of Manitoba, and Crown corporations can be either federal or provincial.

Question 9

The British Petroleum disaster in the Gulf of Mexico led to demands for weaker government regulation in the petroleum industry.

Accepted Answer

The British Petroleum disaster in the Gulf of Mexico actually led to calls for stronger government regulation in the petroleum industry to prevent similar disasters from occurring in the future.

Question 10

Many government-owned enterprises have been sold or dissolved as governments became disillusioned with their operation or concluded the private sector could operate such corporations more effectively.

Accepted Answer

This statement accurately describes a trend observed in many countries where state-owned enterprises have been privatized in order to improve efficiency and reduce government involvement in the economy.

Question 11

A government agency that independently regulates industry practice is an example of quasi-government regulation.

Accepted Answer

Quasi-government regulation refers to a situation where a non-governmental entity is granted some degree of regulatory authority over an industry or sector. These entities are often created by the government but operate independently from it. Examples include industry associations, self-regulatory organizations, and independent regulatory agencies. Therefore, a government agency that independently regulates industry practice is an example of quasi-government regulation.

Question 12

Government regulation becomes more essential in the case of a competitive marketplace.

Accepted Answer

The answer of Government regulation becomes more essential in the...

Question 13

Public-private partnerships (PPP) are seen by some as an example of government outsourcing.

Accepted Answer

PPPs involve collaboration between the government and private sector to provide public services or infrastructure, often with the private sector taking a leading role in the project. This is often seen as a form of outsourcing by some, as the private sector is tasked with delivering a public service or infrastructure that would traditionally be the responsibility of the government.

Question 14

Self-regulation is the regulatory form imposed on business by the corporation itself,industry,and/or market forces.

Accepted Answer

The answer of Self-regulation is the regulatory form imposed on...

Question 15

The government invests heavily in many businesses.Owning equity shares in a company is an example of public-private partnership.

Accepted Answer

Owning equity shares in a company is a form of investment, not a public-private partnership, which involves collaboration between government and private sector for public projects.

Question 16

Businesses,not government,are the architects of economic growth.

Accepted Answer

Governments play a crucial role in shaping economic growth through policies, regulations, infrastructure development, and fiscal measures, alongside businesses that drive innovation and job creation.

Question 17

Many Alberta farmers have attempted to influence the Government of Alberta to dismantle the Alberta Wheat Board that oversees the price and sale of wheat in the province.One mechanism of furthering this agenda is using the media to influence Alberta voters.This action is not lobbying as it is an attempt to indirectly influence policy; lobbying is defined as attempts to directly,not indirectly,influence government.

Accepted Answer

This statement is incorrect. Using the media to influence voters is still considered lobbying, even if the direct target is not the government itself. Indirectly influencing policy is still a form of lobbying.

Question 18

An organization in the nonprofit sector is more likely to be a chosen instrument of government involvement than a business in the technology sector.

Accepted Answer

The answer of An organization in the nonprofit sector is...

Question 19

refers to the involvement of the Canadian government in the mining of gold in Canada to prevent the abuse of women and children working in the mines.

Accepted Answer

The Canadian government is not directly involved in mining operations to prevent abuse; rather, it regulates the industry and enforces laws to protect workers' rights and safety, including preventing abuse.

Question 20

The integration of corporate social responsibility (CSR) into business practice is a form of self-regulation.

Accepted Answer

The answer of The integration of corporate social responsibility (CSR)...

Quiz 10: Regulating Business Ethics and Responsibilities