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Ch 4 Government's role in Business Flashcards | StudBud
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Ch 4 Government's role in Business
Ch 4 Government's role in Business
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Better Business Government's role in Business
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Questions
26
Answers
1
When union representatives and management meet to discuss issues between employees and employers, it is known as what:
Glass ceiling
Union srike
featherbedding
Collective bargaining
2
labor unions forcing companies to hire unnecessary workers
Grievance Arbitration
Grievance Procedure
Taft-Hartley Act of 1947
Featherbedding
3
Which of the following allows eligible institutions to borrow money from the central bank to meet reserve requirements?
Discount rate
Reserve policy
Discount window
Inflation targeting
4
The Small Business Administration provides low-cost loans, advice and other assistance to small businesses.
False
True
5
The Sherman Antitrust Act of 1890 did which of the following?
Esablished the Federal Reserve Bank
Established the Federal Trade Commission
Allowed the government to break up companies with control of a market
Increased sales tax and allowed the fed. government to collect income tax
6
Where did common law begin?
France
Italy
England
Spain
7
Method of settling a labor-management disagreement with the assistance of an impartial third party
Grievance Procedure
Grievance Arbitration
Taft-Hartley Act of 1947
Featherbedding
8
Which type of monetary policy involves increasing the growth of the money supply?
Federal Monitary Policy
Contractionary monetary policy
Expansionary monetary policy
Reserve monetary policy
9
legalized right-to-work laws and stopped featherbedding and closed shop practices
Featherbedding
Taft-Hartley Act of 1947
Grievance Procedure
Grievance Arbitration
10
Which of the following accurately defines tariff?
Law set forth by administrative agencies and commissions
A tax paid on land, sructures and other property owned
A special tax placed on foreign goods sold in the United States
Law based on precedents esablished by judges decisions
11
What is the term for the removal or relaxation of the rules affecting businesses within certain industries?
Regulation
Deregulation
Inexertion
Exertion
12
Which of the following determines the size and rate of growth of the money supply?
Open markets
Unionization
Grievance procedure
Monetary policy
13
Which of the following is NOT one of the three branches of government?
Sheriff's Branch
Executive Branch
Legislative Branch
Judicial Branch
14
The government discourages competition among businesses.
True
False
15
Corporate income taxes are NOT imposed by which of the following?
foreign governments
local governments
universal governments
state governments
16
How does the Federal Reserve slow inflation and economic growth?
Lowering interest rates
Raising interest rates
Stimulating economic growth
Buying securities
17
The Taft-Hartley Act of 1947 legalized which of the following?
Featherbedding
right to work laws
labor unions
close shop
18
Common law is based on precedents established by judges’ decisions.
False
True
19
Which of the following correctly lists the three branches of government?
Executive, legislative and judicial
Executive, statutory and administrative
Administrative, legislative and sheriff's
Judicial, administrative and sheriff's
20
Which of the following is the term for a special tax placed on foreign goods sold in the United States?
Tariffs
Customs
Excise tax
Tea tax
21
Which of the following is an example of an item with excise tax?
Snack foods
Produce
Clothing
Gasoline
22
dispute resolution which addresses the complaints of the employee on collectively bargained agreements.
Grievance Procedure
Grievance Arbitration
Featherbedding
Taft-Hartley Act of 1947
23
The Federal Reserve seeks an unemployment rate below _____________ percent
2.8
3.4
5.7
6.5
24
Sales taxes are added to the price of goods and services at the time of purchase.
False
True
25
Statutory law is written by which branch of the government?
Adminisrative branch
Judicial Branch
Executive branch
Legislative Branch
26
What year was the Federal Trade Commission established?
1901
1890
1924
1915
