Chapter 3

Question 1

Pension Security Act

Answer 1

Gives workers more freedom to diversify their investments and greater access to quality investment advice concerning their 401(k) plans.

Question 2

CAN SPAM Act

Answer 2

Prescribes rules and penalties for e-mail “spammers,” although enforcement is difficult.

Question 3

Dodd-Frank Wall Street Reform and Consumer Protection Act

Answer 3

Increases regulations of U.S financial markets and credit rating agencies.

Question 4

Anthropogenic Climate Change

Answer 4

The notion that human activity has a substantial effect on global weather patterns.

Question 5

Ecology

Answer 5

Relationships between humans and their surrounding environment, including other living creatures, plants, air and water.

Question 6

Gross Domestic Product

Answer 6

The value of a nations annual total production of goods and services.

Question 7

Macroenvironment

Answer 7

The general environment that affects all business firms in an industry, which includes political-legal , economic, social, and technological forces.

Question 8

PEST

Answer 8

An acronym referring to the analysis of the four macroenvironmental forces: (1) political-legal, (2) economic, (3) social, and (4) technological.

Question 9

Recession

Answer 9

A decline in a nation’s GDP for two or more consecutive quarters.