Question 1

How does the National Research Council (NRC)play a significant role in research to help Canadian industry remain competitive?

Accepted Answer

The NRC has been mandated to p...

Question 2

Government activities that affect businesses include:

Accepted Answer

A)  promotion
B)  a free economy
C)  Crown corporations
D)  democracyE) None of the above
F) C) and D)

Question 3

Some of Canada's economic problems stem from the geographic fact that Canada is a very large country with uneven resources,climate and geography.

Accepted Answer

A) True 
 B)False

Question 4

Which one of these companies received a $350 million subsidy from the Canadian government,and $315 million in aid for the United Kingdom?

Accepted Answer

A)  Bombardier
B)  General Motors
C)  Chrysler Corporation
D)  FordE) A) and B)
F) A) and C)

Question 5

The role of municipalities in consumer protection is limited to regulating signage.

Accepted Answer

A) True 
 B)False

Question 6

Business and consumer information is available to Canadian businesses from:

Accepted Answer

A)  Revenue Canada
B)  AEC Ltd.
C)  the Department of the attorney general
D)  Industry CanadaE) B) and C)
F) A) and B)

Question 7

The Canadian national debt is also known as the federal debt.

Accepted Answer

A) True 
 B)False

Question 8

Our national debt is now less than $200 billion.

Accepted Answer

A) True 
 B)False

Question 9

When the government runs a budget deficit it increases the:

Accepted Answer

A)  national debt.
B)  balance of payments deficit.
C)  federal capital account.
D)  money supply.E) C) and D)
F) B) and D)

Question 10

Fiscal policy refers to the federal government's efforts to keep the economy stable by controlling the amount of money in circulation.

Accepted Answer

A) True 
 B)False

Question 11

The example of Polar Foods in PEI shows that:

Accepted Answer

A)  government rescues of businesses work out well.
B)  only the Ontario government came to their help.
C)  only the federal government provides financial help.
D)  the government lost money when it later sold the company.E) A) and B)
F) A) and C)

Question 12

The origin of the CNR (Canadian National Railways)in 1919 was the result of the federal government bailing out a troubled major industry.

Accepted Answer

A) True 
 B)False

Question 13

Canada's first prime minister is responsible for the National Policy which placed high tariffs on U.S.imports to protect Canada's fledgling companies.

Accepted Answer

A) True 
 B)False

Question 14

Some government aid is designed to help industries and companies that are deemed to be very important because they:

Accepted Answer

A)  provide low skilled jobs.
B)  are at the cutting edge of technology.
C)  oriented towards imports.
D)  are in other countries.E) B) and C)
F) All of the above

Question 15

Ontario sold the toll-road Highway 407 and its share in a land-registry firm.This is an example of:

Accepted Answer

A)  privatization
B)  free-trade
C)  financial aid
D)  national policyE) A) and B)
F) A) and D)

Question 16

The government has two major efforts to control the economy; fiscal policy and monetary policy.

Accepted Answer

A) True 
 B)False

Question 17

In the subprime mortgage crisis,Canadian financial institutions:

Accepted Answer

A)  did not require any aid from the federal government.
B)  lost more money than did all U.S.financial institutions.
C)  faced higher default rates than were found in the United States.
D)  did not face the high default rates faced in the United States.E) C) and D)
F) A) and B)

Question 18

Canadian financial institutions faced the same high mortgage default rates as were found in the United States.

Accepted Answer

A) True 
 B)False

Question 19

Cities like Toronto are looking to privatize services they have traditionally provided as they are required to do so based on new laws and regulations.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements about the Bank of Canada is most accurate?

Accepted Answer

A)  The Bank of Canada is an agency of the Federal Government that has the responsibility of collecting tax receipts for Revenue Canada.
B)  The Bank of Canada manages the Canadian money supply and interest rates.
C)  The Bank of Canada is the primary government agency involved in carrying out our nation's fiscal policies.
D)  The Bank of Canada is the agency of the government that ensures that Canada maintains enough gold reserves to pay any foreign debts that result from international trade.E) All of the above
F) A) and B)

Exam 4: The Role of Government in Business

Our national debt is now less than $200 billion.

Correct AnswerverifiedShow Answer

How does the National Research Council (NRC)play a significant role in research to help Canadian industry remain competitive?

Correct AnswerverifiedThe NRC has been mandated to p...View AnswerShow Answer

In the subprime mortgage crisis,Canadian financial institutions:

Correct AnswerverifiedShow Answer

Canadian financial institutions faced the same high mortgage default rates as were found in the United States.

Correct AnswerverifiedShow Answer

Some government aid is designed to help industries and companies that are deemed to be very important because they:

Correct AnswerverifiedShow Answer

Business and consumer information is available to Canadian businesses from:

Correct AnswerverifiedShow Answer

Which one of these companies received a $350 million subsidy from the Canadian government,and $315 million in aid for the United Kingdom?

Correct AnswerverifiedShow Answer

Which of the following statements about the Bank of Canada is most accurate?

Correct AnswerverifiedShow Answer

Canada's first prime minister is responsible for the National Policy which placed high tariffs on U.S.imports to protect Canada's fledgling companies.

Correct AnswerverifiedShow Answer

Government activities that affect businesses include:

Correct AnswerverifiedShow Answer

The Canadian national debt is also known as the federal debt.

Correct AnswerverifiedShow Answer

When the government runs a budget deficit it increases the:

Correct AnswerverifiedShow Answer

The example of Polar Foods in PEI shows that:

Correct AnswerverifiedShow Answer

The origin of the CNR (Canadian National Railways)in 1919 was the result of the federal government bailing out a troubled major industry.

Correct AnswerverifiedShow Answer

Cities like Toronto are looking to privatize services they have traditionally provided as they are required to do so based on new laws and regulations.

Correct AnswerverifiedShow Answer

Fiscal policy refers to the federal government's efforts to keep the economy stable by controlling the amount of money in circulation.

Correct AnswerverifiedShow Answer

The role of municipalities in consumer protection is limited to regulating signage.

Correct AnswerverifiedShow Answer

Ontario sold the toll-road Highway 407 and its share in a land-registry firm.This is an example of:

Correct AnswerverifiedShow Answer

The government has two major efforts to control the economy; fiscal policy and monetary policy.

Correct AnswerverifiedShow Answer

Some of Canada's economic problems stem from the geographic fact that Canada is a very large country with uneven resources,climate and geography.

Correct AnswerverifiedShow Answer

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The NRC has been mandated to p...
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