BUS 202 Final – Flashcards
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Government and business together establish the regulatory rules under which business operates in society.
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In Europe, unions are prohibited by law to be on businesses' administrative boards.
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A cooperative government-business relationship on one issue does not guarantee cooperation on another issue.
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Public policy is a plan of action undertaken by business to influence the government.
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In non-democratic countries, the power of government may derive from a monarchy, military dictatorship, or religious authority.
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Public policy effects are always unintended consequences of an action.
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Monetary policies refer to policies that affect the supply, demand and value of the nation's currency.
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A national health care policy is an example of an economic policy.
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Economic regulations aim at modifying the normal operations of the free market and forces of supply and demand.
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Predatory pricing is a violation of antitrust laws.
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Cost-benefit analysis is often used to determine the costs of regulation.
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Regulatory activity often is cyclical.
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Regulation cannot be applied to international business behavior.
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Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.
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The United Nations oversees all international agreements concerning regulations between nations.
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Businesses should stick to pursuing profits and have no legal right to be engaged in political activities
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The emergence of public issues often encourages companies to monitor public concerns, respond to government proposals, and participate in the political process.
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In many countries, the political environment has a select few participants.
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Various stakeholder groups often use far different tactics than businesses to influence government officials, elections, and regulation.
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Labor unions have been an active participant in United States politics for decades.
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Most scholars agree that business must participate in politics.
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Businesses must wait for a public issue to arise before forming a political strategy.
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A super PAC is a financial-incentive political strategy tool.
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Business and trade associations spend very little on lobbying.
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Under U.S. law, lobbying activities must be disclosed publicly.
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Sometimes businesspeople leave the private sector to take employment in government before returning to the corporate world.
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Expert witnesses provide information to legislators for businesses or business groups.
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Firms are more likely to have a sophisticated political strategy when the company is a frequent target of public scrutiny.
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When a manager directly employs a lobbyist to represent the company's political strategy in Washington this is called aggressive organizational involvement in politics.
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According to the textbook, the heads of most public affairs departments are senior vice president or vice president positions.
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Plants and animals living as a natural unified system are called an ecosystem.
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Offshore wind turbines genetic engineering and energy efficient homes are examples of smart consumption.
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About 20 percent of the worlds people have incomes below the international poverty line
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The world's income is distributed equally among nations
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A commons is a shared resource, such as land that a group uses collectively
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The leading contributor to global warming is the burning of fossil fuels
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Black carbon is the second largest contributer to global warming
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The paradox of a commons is that if all individuals try to maximize
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Deforestation contributes to global warming
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Land, even when properly cared for is not a renewable resource
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Biodiversity refers to the number and variety of species that have become extinct
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Rainforest destruction is controversial because these environments are more valuable cut down than standing
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Life-cycle analysis involves collecting information on the lifelong environmental impact of a product, all the way from extraction of raw material, to manufacturing, to its distribution, use and ultimate disposal.
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Sustainable development will require technology cooperation through long-term partnerships between companies in developed and developing countries to transfer environmental technologies.
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The world's natural resource base - the air, water, soil, minerals, and so forth -- is essentially finite, or bounded.
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