BUS 100 Study Guide - Quiz Guide: Market Failure
Document Summary
Create controls that cost businesses money that will be passed to the consumer in the form of taxes. A: create and enforce the laws that balance the relationship between business and society, develop regulations that inevitably complicate business reporting and accounting laws. Step in to help society only after the emergence of a crisis on a global scale. Q u e s t i o n 2. In europe, the relationship between government and business often has been: like a collective family, collaborative, adversarial, in conflict. Q u e s t i o n 3. The business-government relationship requires business to: rely on sympathetic government friend to alert business to new issues, contract with social groups to monitor this relationship, keep a trained eye on significant forces that might affect the relationship. Q u e s t i o n 4. The outcomes arising from government regulation are: public policy metrics, public policy inputs, public policy effects, public policy goals.
