Chapter 10 MCQ Flashcards
Which of the following is a potential benefit of government deregulation?
Question 1Answer
Increased Competition
Decreased Competition
Larger Government
Higher Taxes
Increased Competition
All of the following are the reasons for reducing the level of government ownership in business enterprises, EXCEPT FOR:
Question 2Answer
Belief in the Power of Competition as a Control Mechanism
Belief that Private Business Can Operate More Efficiently
Financial Benefits from Selling Government-Owned Assets
Nurture Young Industries
Nurture Young Industries
Which of the following is true of the Federal Government in Canada
Question 3Answer
It is the lowest level of government
It is the highest level of government
It’s leader is called a Premier
Its leader is called a Mayor
It is the lowest level of government
Which of the Following Levels of Government is NOT discussed in the etext
Question 4Answer
Municipal
Provincial
Federal
Executive
Executive
Which of the Following is True of Provincial Governments in Canada
Question 5Answer
It is the highest level of government
It is the lowest level of government
It’s leader is called a Premier
Its leader is called a Mayor
It’s leader is called a Premier
The main risk of government deregulation is
Question 6Answer
consumer exploitation
Higher Taxes
Less Consumer Choice
Less Foreign Direct Investment
consumer exploitation
Which of the following is NOT considered a form of subsidy (or government assistance to business)
Question 7Answer
The ability to not follow specific laws for a specific time period
cash payments
low interest loans
reduced taxes
The ability to not follow specific laws for a specific time period
Which of the following terms refers to government assistance given to prevent an organization or industry from financial collapse.
Question 8Answer
Bailout
Crown Corporation
Business Tax
Government Gift
Bailout
Governments Collect Taxes From
Question 9Answer
Individuals and Businesses
Individuals Only
Other Countries (and their governments)
Customers and Employees
Individuals and Businesses
Which of the following terms is defined as “an organization accountable to Parliament for its operations through a minister”
Question 10Answer
Crown Corporation
Government Owned Business
Public Company
Limited Liability Corporation (LLC)
Crown Corporation
