GRB Exam 2 Review

According to our discussion related to government and public policy, what does PAC stand for?

• Political Association Committee

• Political Action Committee

• Politically Affluent Corporation

• Politically Accompanying Committee

Which of the following is not a major approach that business uses to influence government?

• Lobbying

• PACs

• Corporate political activities

• Vigilance

The main difference between stakeholders and stockholders is that:

• stakeholders are both internal and external to the firm while stockholders are considered external to the firm.

• stakeholders include all that can affect or be affected by a firm’s actions (and thus include stockholders).

• stakeholders are always external to the firm while stockholders are considered internal to the firm.

• stockholders include all that can affect or be affected by a firm’s actions (and thus include stakeholders).

Among the following, which is the most trustworthy term in advertising in the United States?

• all natural

• environmentally friendly

• 100% sustainable

• organic

Which of the following agencies was established to protect the consumers’ right to choose?

• FCC

• FDA

• FTC

• CPSE

Customers responded to the ‘Dieselgate’ scandal by trading in their old Volkswagen vehicles and refusing to buy new vehicles from the company. Which type of stakeholder power did customers employ in responding to the scandal?

• Coercive

• Symbolic

• Legitimate

• Utilitarian

Earth Overshoot Day is the date when humanity has used all of the biological resources that the Earth regenerates during the entire year. What was the Earth Overshoot Day in 2024?

• November 1st

• October 1st

• September 1st

• August 1st

Per our class discussions about environmental issues, what is meant by the term ‘GWP’?

• Gross World Product

• Global Wetlands Protection

• Global Warming Potential

• Great World Problems

What is the best way for the a company to reduce its Scope 1 emissions?

• Partner with a delivery service that has taken measures to decrease its carbon emissions

• Switch company owned gasoline-powered vehicles to electric vehicles

• Switch to LED light bulbs

• Reduce company travel by attending meetings and conferences virtually

Which of the following industries has not been affected by deregulation?

• Financial services

• Trucking

• Computer software

• Airline