Site MapHelpFeedbackChapter Quiz
Chapter Quiz
(See related pages)



1

The current trend is for governments to rely less on market forces and more on regulations to achieve societal benefits.
A)True
B)False
2

The U.S. Congress passed the Paperwork Reduction Act of 1995 to try to reduce the amount of paper produced by Congress.
A)True
B)False
3

Antitrust policy is essentially an economic policy with little social or political implications.
A)True
B)False
4

The structure theory postulates that excessive concentration of market power gives managers discretionary power to fix prices.
A)True
B)False
5

In U.S. business, most mergers are of the vertical type.
A)True
B)False
6

The trend recently is for governments to rely _____ on market forces and _____ on regulations to accomplish societal benefits.
A)more; less
B)more; more
C)less; more
D)less; less
7

Any process aimed at shifting responsibility from the government sector to the private sector is called:
A)ideological development.
B)the public sector.
C)wealth creation.
D)privatization.
8

The removal, or substantial reduction, of government regulations of an entire industry is called:
A)deregulation.
B)privatization.
C)command control.
D)incentive control.
9

When companies are required to meet specific standards which are enforced by civil or criminal penalties, this is called:
A)privatization.
B)command controls.
C)incentive controls.
D)the public domain.
10

When companies are allowed flexibility in choosing how they will meet regulatory goals, this is called:
A)command controls.
B)privatization.
C)incentive controls.
D)public controls.
11

The U.S. Congress can try to reform the executive branch of the government by:
A)using its oversight powers to insist that agencies fix the problems they are supposed to solve.
B)providing the investments necessary for reforms.
C)supporting government management reforms.
D)all of the above.
12

The U.S. Congress passed the Paperwork _____ Act in 1995 in an attempt to ______ the amount of paper generated by Congress.
A)Increase; increase
B)Reduction; reduce
C)Reduction; increase
D)Increase; decrease
13

Which of the following acts states: "Every contract, combination in the form of trust or otherwise, or conspiracy in restraint of trade or commerce … is hereby declared to be illegal."
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
14

Which of the following acts states: "Every person who shall monopolize, or attempt to monopolize … trade or commerce … shall be deemed guilty."
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
15

Which of the following outlaws specific practices when "the effect … may be to substantially lessen competition or tend to create a monopoly."
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
16

Which of the following outlaws price discrimination when it substantially lessens competition or tends to create a monopoly?
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
17

Which of the following makes it illegal to sell a product at a low cost with the intent of driving a competitor out of business?
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
18

Which of the following is intended to stop "unfair methods of competition in commerce, and unfair or deceptive acts or practices in commerce."
A)Sherman Act
B)Clayton Act
C)FTC Act
D)Hart-Scott-Rodino Antitrust Improvement Act
19

Which of the following gave the FTC the power to regulate deceptive advertising?
A)The Wheeler-Lea Act of 1938
B)Clayton Act
C)Sherman Antitrust Act
D)Hart-Scott-Rodino Antitrust Improvement Act
20

Which of the following is a guideline for horizontal mergers?
A)Calculate the concentration in the relevant market before and after the merger
B)Ask whether the merger raises concerns about adverse competitive effects
C)Determine whether entry by other companies into the marketplace would counteract the effects of adverse competition.
D)All of the above





To learn more about the book this website supports, please visit its Information Center.
(c)2006 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Business, Govt, & Society 11Online Learning Center with Powerweb

Home > Chapter 11 > Chapter Quiz