BA 342 3 Comprehensive Study Guide A+
Exam Questions and Answers Verified
Solutions Latest Update 2026/2027
Question:
"What should be the respective roles of business and government in our socioeconomic system?"--
There is a clash of beliefs in the United States about what the role of government should be in
society.-- Two opposing views:* Government should do more - Government beliefs (collectivist
ethic of government)* Government should do less - Business beliefs (individualistic ethic of
business)-- Between these two viewpoints, the country is almost evenly split.* 49%- The
government is doing too much* 45%- The government is doing too little* 6% - The government is
just the right size2. Business Beliefs-- Individualistic-- Maximum concession to self-interest--
Minimizing the load of obligations society imposes on the individual (personal
freedom)Emphasizes inequalities of individuals3. Government beliefs-- Collectivist ethic--
Subordination of individual goals and self-interest to group and group interests-- Maximizing the
obligations assumed by the individual and discouraging self-interest-- Emphasized equality of
individuals4. Government interaction with business-- Three main groups of interction that affect
each other:* Government* Business* Public-- Government affects business.* Regulations and
persuasion-- Government affects public* Politics* Influence-- Business affects government*
Lobbying-- Business affects public* Ads* Public relations-- Public affects business* Interests in
products* Protests* Not buying products-- Public affects government* Politics* Voting* INterests
■Age discrimination in Employment Act of 1967.
Answer:
1. Protects workers aged 40 years and older from arbitrary age
discrimination in hiring, discharge, pay, promotions, fringe benefits, and other aspects of
employment.-- Employment decisions should be made on ability rather than age-- Firms cannot fire
older employees simply because of their age or due to their higher salary.
■Water Quality Problems.
Answer:
Quality problems1. Great strides have been made, but many parts of the world still do not have
clean drinking water.2. Sewage, industrial
wastes, urban and agricultural runoff, and over harvesting all contribute to quality issues within our
water supply.3. 90% of sewage is untreated before flowing into bodies of water in developing
nations.
,■1964 civil rights acts.
Answer:
prohibits discrimination in hiring promotion discharge pay benefits etc. employees can charge a
retaliation charge against unruly employersthis is when gov became serious
■Sustainability.
Answer:
Business that meets the needs of the present without compromising the ability of future generations
to meet their own needs. Creating good quality of life both now and in the future. In order to
maintain a high quality of living in the future, firms must focus on more than just profit. *This is
how the idea of the triple bottom line came into being.
■Energy inefficiency.
Answer:
Wasting of precious nonrenewable sources of energy
■Individual Process to Teach Ethics.
Answer:
1. Ethical Awareness2. Ethical Judgement3. Ethical Behavior
■PRRIDE.
Answer:
Penn State CommunityResponsibilityRespectIntegrityDiscoveryExcellence
■privatization non reg.
Answer:
feres to the process of changing a public organization to a private control or ownership. Producing
a service v providing a service- providing a servixe if set up a security firm to work at the local
arena during the state basketball playoffa
■Types of Media Influence.
Answer:
, NewsAdsMoviesInternetSocial MediaTV
■Technology Pros.
Answer:
- increase goods/services- decrease in labor to produce- labor- safer
and easier- increase in living standards
■Larry Nassar Scandal.
Answer:
Aly Raisman and Simone BilesOverhaul of MSU and USA Gymnastics BoardOver $500 million in
settlements
■Three types of Lobbying.
Answer:
Three types of Lobbying1. Umbrella organizations2. Trade associations3. Company lobbying--
Umbrella organizations - Represent the collective business interests of the United States* The
broadest level of lobbying* Ex: U.S. Chamber of commerce-- Goal - Representing the fundamental
percepts of American business-- Now in the business of providing intelligence to partners in the
chamber* Ex: This is how the new health care law will affect your business.-- There is normally a
chapter of the Chamber of Commerce in most major cities and towns.2. Trade associations -
Composed of many firms in a given industry or line of business-- An organization that looks at one
particular type of industry* Ex: The semiconductor, consumer electronics, or home builders
industries.-- Trade associations in the U.S.* National Automobile Dealers Association* Tobacco
institute* National Association of Realtors3. Company lobbying - Companies use their own
personnel, establish Washington offices for the sole purpose of lobbying, or hire professional
lobbying firms or consultants located in Washington or a state capital-- Lobbying is essential for
many companies* Ex: When Microsoft first started out, it had a very limited lobbying effort.
Because its interests were not being heard in Washington and no one was telling its side of the
story, an antitrust bill was brought forth against Microsoft.-- Can be effective for increasing
business through the government* After 9/11, 3-L, a company that makes secruity equipment,
successfully lobbied the government to make body scanners part of security check points in airports
as a result, the company was able to increase it sales of body scanners.
■waste management.
Answer:
Reduce, reuse, and recycle.
■oceans and fisheries.
Exam Questions and Answers Verified
Solutions Latest Update 2026/2027
Question:
"What should be the respective roles of business and government in our socioeconomic system?"--
There is a clash of beliefs in the United States about what the role of government should be in
society.-- Two opposing views:* Government should do more - Government beliefs (collectivist
ethic of government)* Government should do less - Business beliefs (individualistic ethic of
business)-- Between these two viewpoints, the country is almost evenly split.* 49%- The
government is doing too much* 45%- The government is doing too little* 6% - The government is
just the right size2. Business Beliefs-- Individualistic-- Maximum concession to self-interest--
Minimizing the load of obligations society imposes on the individual (personal
freedom)Emphasizes inequalities of individuals3. Government beliefs-- Collectivist ethic--
Subordination of individual goals and self-interest to group and group interests-- Maximizing the
obligations assumed by the individual and discouraging self-interest-- Emphasized equality of
individuals4. Government interaction with business-- Three main groups of interction that affect
each other:* Government* Business* Public-- Government affects business.* Regulations and
persuasion-- Government affects public* Politics* Influence-- Business affects government*
Lobbying-- Business affects public* Ads* Public relations-- Public affects business* Interests in
products* Protests* Not buying products-- Public affects government* Politics* Voting* INterests
■Age discrimination in Employment Act of 1967.
Answer:
1. Protects workers aged 40 years and older from arbitrary age
discrimination in hiring, discharge, pay, promotions, fringe benefits, and other aspects of
employment.-- Employment decisions should be made on ability rather than age-- Firms cannot fire
older employees simply because of their age or due to their higher salary.
■Water Quality Problems.
Answer:
Quality problems1. Great strides have been made, but many parts of the world still do not have
clean drinking water.2. Sewage, industrial
wastes, urban and agricultural runoff, and over harvesting all contribute to quality issues within our
water supply.3. 90% of sewage is untreated before flowing into bodies of water in developing
nations.
,■1964 civil rights acts.
Answer:
prohibits discrimination in hiring promotion discharge pay benefits etc. employees can charge a
retaliation charge against unruly employersthis is when gov became serious
■Sustainability.
Answer:
Business that meets the needs of the present without compromising the ability of future generations
to meet their own needs. Creating good quality of life both now and in the future. In order to
maintain a high quality of living in the future, firms must focus on more than just profit. *This is
how the idea of the triple bottom line came into being.
■Energy inefficiency.
Answer:
Wasting of precious nonrenewable sources of energy
■Individual Process to Teach Ethics.
Answer:
1. Ethical Awareness2. Ethical Judgement3. Ethical Behavior
■PRRIDE.
Answer:
Penn State CommunityResponsibilityRespectIntegrityDiscoveryExcellence
■privatization non reg.
Answer:
feres to the process of changing a public organization to a private control or ownership. Producing
a service v providing a service- providing a servixe if set up a security firm to work at the local
arena during the state basketball playoffa
■Types of Media Influence.
Answer:
, NewsAdsMoviesInternetSocial MediaTV
■Technology Pros.
Answer:
- increase goods/services- decrease in labor to produce- labor- safer
and easier- increase in living standards
■Larry Nassar Scandal.
Answer:
Aly Raisman and Simone BilesOverhaul of MSU and USA Gymnastics BoardOver $500 million in
settlements
■Three types of Lobbying.
Answer:
Three types of Lobbying1. Umbrella organizations2. Trade associations3. Company lobbying--
Umbrella organizations - Represent the collective business interests of the United States* The
broadest level of lobbying* Ex: U.S. Chamber of commerce-- Goal - Representing the fundamental
percepts of American business-- Now in the business of providing intelligence to partners in the
chamber* Ex: This is how the new health care law will affect your business.-- There is normally a
chapter of the Chamber of Commerce in most major cities and towns.2. Trade associations -
Composed of many firms in a given industry or line of business-- An organization that looks at one
particular type of industry* Ex: The semiconductor, consumer electronics, or home builders
industries.-- Trade associations in the U.S.* National Automobile Dealers Association* Tobacco
institute* National Association of Realtors3. Company lobbying - Companies use their own
personnel, establish Washington offices for the sole purpose of lobbying, or hire professional
lobbying firms or consultants located in Washington or a state capital-- Lobbying is essential for
many companies* Ex: When Microsoft first started out, it had a very limited lobbying effort.
Because its interests were not being heard in Washington and no one was telling its side of the
story, an antitrust bill was brought forth against Microsoft.-- Can be effective for increasing
business through the government* After 9/11, 3-L, a company that makes secruity equipment,
successfully lobbied the government to make body scanners part of security check points in airports
as a result, the company was able to increase it sales of body scanners.
■waste management.
Answer:
Reduce, reuse, and recycle.
■oceans and fisheries.
