Chapter 3—Emphasizing Informal Institutions: Cultures‚ Ethics‚ and Norms TRUE/FALSE 1. In situations where formal institutions are unclear or fail‚ informal institutions play a more important role in reducing uncertainty. ANS: T OBJ: 3.1 2. ANS: F OBJ: 3.1 PTS: 1 DIF: Easy REF: p. 62 NAT: AACSB: Tier 1 Communication; Tier 2 Environmental Influence Informal institutions are based on the rules and legal systems of an economy. PTS: 1 DIF: Easy REF: p. 63 NAT: AACSB: Tier 1 Communication; Tier 2 Legal
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“The Rise of the Washington Establishment” by Morris P. Fiorna In the essay “The Rise of the Washington Establishment”‚ Fiorna argues that ultimately politicians – Congressmen act for their own self interest and that members of Congress have one purpose – ‘the primary goal is...reelection.” Fiorna is arguing that government is centralized as the primary goal of Congress to stay in power for as long as possible – something that is crucial to a centralized government. In fact according to Fiorna
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Congress… A. Learning Objectives 1 Trace the roots of the legislative branch outlined by the U.S. Constitution 2 Characterize the demographic attributes of members of Congress‚ and identify factors that affect their chances for reelection 3 Assess the role of the committee system‚ political parties‚ and congressional leadership in organizing Congress 4 Identify three of the most significant powers of Congress 5 Analyze the factors that influence how members of Congress make decisions
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Questions Chapter 01 The Concept of Strategy True False Questions Question title Question stem Choice Difficulty 1 Easy 2 Medium 3 Hard Reference link Topic TF01.01 Strategy is a detailed plan and a program of instructions that every member of the organization must carefully follow to ensure success F 1 Introduction and objectives Strategy definition TF01.02 Strategy is a unifying theme and a general guideline T 1 Introduction and objectives Strategy definition
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Test Bank for Marketing Management 14th Edition Part 1 Top of Form ________ is the study of how individuals‚ groups‚ and organizations select‚ buy‚ use‚ and dispose of goods‚ services‚ ideas‚ or experiences to satisfy their needs and wants. A) Target marketing B) Mind mapping C) Consumer activism D) Consumer behavior E) Product differentiation Which of the following would be the best illustration of a subculture? A) a religion B) a group of close friends C) your university D) a fraternity
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The article that I read was discussing how the Defense of Marriage act‚ or DOMA‚ was recently overturned by the Supreme Court of the United States. DOMA was opposed by same-sex couples who claimed that the act violated their Constitutional rights. The act‚ passed in 1996‚ stated that the Federal government did not have to recognize same-sex marriages‚ even though they were considered legal marriages in certain states‚ therefore not giving federal benefits to same-sex married couples. The benefits
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Chapter 1 Introduction Multiple-Choice Questions 1) The best definition of economics is A) how choices are made under conditions of scarcity. B) how money is used. C) how goods and services are produced. D) how businesses maximize profits. Answer: A Level of Difficulty: Easy 2) Managerial economics is best defined as the economic study of A) how businesses can make the most profits. B) how businesses can decide on the best use of scarce resources
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Test Bank 1 to accompany Economics Sixteenth Edition Campbell R. McConnell University of Nebraska Stanley L. Brue Pacific Lutheran University Prepared by Stanley L. Brue Pacific Lutheran University Test Bank 1 to accompany ECONOMICS Campbell R. McConnell and Stanley L. Brue Published by McGraw-Hill‚ an imprint of The McGraw-Hill Companies‚ Inc.‚ 1221 Avenue of the Americas‚ New York‚ NY 10020. Copyright 2005 by The McGraw-Hill Companies‚ Inc. All rights reserved. The contents‚ or
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TEST BANK CHAPTER 1 TRUE/FALSE QUESTIONS (T) 1. The purpose of the financial system is to bring savers and borrowers together. (F) 2. Businesses are never DSUs. (T) 3. A financial claim is an “IOU” from a deficit spending unit. (T) 4. Investment bankers help DSUs bring new primary security issues to market. (F) 5. Deposits in a credit union by a household are an example of direct finance. (F) 6. When an SSU owns a financial claim created by financial
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Business in Action‚ 7e (Bovee/Thill) Chapter 2 Understanding Basic Economics 1) Economics is the study of how a society uses its scarce resources to produce and distribute goods and services to its citizens. Answer: TRUE Explanation: Economics is the study of how a society uses its scarce resources to produce and distribute goods and services to its citizens. Diff: 1 AACSB: Application of knowledge Chapter LO: 1 Course LO: Compare and contrast different economic systems Classification:
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