What is a government corporation?
  • there was a lack of communication between the domestic and foreign security agencies
  • reduce government costs by relocating government programs to private groups or corporations
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • it is an agency that performs and charges for services usually provided by the private sector
What is the origin of most federal bureaus?
  • the Federal Reserve System
  • Diplomacy
  • Congress passes laws creating and funding most federal bureaus
  • Congress created the Fed in 1913
Which president's approach to the managerial presidency featured a deep belief in the importance of scientific expertise in government service?
  • Barack Obama
  • congressional oversight
  • all of the above
  • 1968; 3 million
Which of the following statements best describes how recent administrations have approached the issue of bureaucratic reform?
  • Democratic administrations have aimed to make the existing bureaucracies work more effectively while Republican administrations have sought to reduce bureaucracy by contracting out government work to private companies
  • there was a lack of communication between the domestic and foreign security agencies
  • while the number of oversight hearings has increased over time as the bureaucracy has expanded, the extent of oversight does depend somewhat on which party controls the White House
  • the size of the federal workforce was reduced by about 10 percent
________ is when bureaucrats attempt to translate laws into specific rules and actions.
  • Devolution
  • Implemention
  • all of the above
  • 1968; 3 million
Privatization is a way to
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • it is an agency that performs and charges for services usually provided by the private sector
  • cleanse bureacraucy of political interference while upgrading performance
  • reduce government costs by relocating government programs to private groups or corporations
Congress was attempting to strike a balance between the need for secrecy in national security and the right of individuals to know what their government is doing when it passed the ________ Act.
  • Congress created the Fed in 1913
  • Congress passes laws creating and funding most federal bureaus
  • the Federal Reserve System
  • Freedom of Information
Bureaucracy literally means ________.
  • legislatures, chief executives and the people delegate vast power to them to make sure a particular job is done
  • they selected by the president, often as patronage for large campaign donations
  • rule by offices and desks
  • state and local oversight
Which of the following is an example of a revenue agency?
  • the Office of White House Affairs
  • Environmental Protection Agency
  • the size of the federal workforce was reduced by about 10 percent
  • the U.S Customs Service
Which president was most concerned with managing and reorganizing the executive bureaucracy?
  • the Federal Reserve System
  • Jimmy Carter
  • Congress to make executive agencies accountable for their actions
  • Freedom of Information
Which of the following statements about the Federal Reserve System (the Fed) is correct?
  • Diplomacy
  • state and local oversight
  • Congress created the Fed in 1913
  • the Federal Reserve System
In 1996 ________ declared that "the era of big government is over."
  • Bill Clinton
  • Implemention
  • Jimmy Carter
  • issuing an executive order designed to promote more rapid declassification of secret documents
What was the chief bureaucratic flaw identified by the National Commission on Terrorist Attacks upon the United States?
  • while the number of oversight hearings has increased over time as the bureaucracy has expanded, the extent of oversight does depend somewhat on which party controls the White House
  • to reorganize the federal bureaucracy to make it more efficient, more accountable and less wasteful
  • there was a lack of communication between the domestic and foreign security agencies
  • the Office of White House Affairs
The most visible indication of oversight is the
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • The Office of the Director of National Intelligence
  • use of public hearings before congressional committees and subcommittees
  • part of the Department of Interior
What is an independent agency?
  • both c and d
  • passing laws
  • it is an agency that performs and charges for services usually provided by the private sector
  • a government corporation
________ occurs when the federal government passes authority to administer a program to state or local governments.
  • Police
  • Devolution
  • Defense
  • 1968; 3 million
The Freedom of Information Act is designed to
  • business
  • independent regulatory commissions
  • they selected by the president, often as patronage for large campaign donations
  • make more national security documents available to the public
Who has authority to set interest rates and lending activities for the nation's banks?
  • issuing an executive order designed to promote more rapid declassification of secret documents
  • the Federal Reserve System
  • Congress created the Fed in 1913
  • Congress passes laws creating and funding most federal bureaus
Devolution describes a process through which
  • breached the long-standing line between domestic law-enforcement and foreign military operations for the first time
  • the federal government is downsized by delegating the implementation of programs to state and local governments
  • to reorganize the federal bureaucracy to make it more efficient, more accountable and less wasteful
  • the standard associated with particular programs become increasingly variable between states
Which of the following is NOT a type of federal agency?
  • state and local oversight
  • regulatory
  • the Consumer Financial Protection Bureau
  • having members of Congress work part-time for a particular agency that is struggling to meet the demands Congress has placed on it
A bureau charged with putting restrictions and obligations on individuals or corporations in the private sector is called a ________ agency.
  • business
  • regulatory
  • the Consumer Financial Protection Bureau
  • monetary
The creation of the U.S. Northern Command was important because it
  • the stable relationship between a bureaucratic agency, a clientele group, and a legislative committee
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • the size of the federal workforce was reduced by about 10 percent
  • breached the long-standing line between domestic law-enforcement and foreign military operations for the first time
Which of the following is the best description of an iron triangle?
  • to reorganize the federal bureaucracy to make it more efficient, more accountable and less wasteful
  • the Office of White House Affairs
  • the stable relationship between a bureaucratic agency, a clientele group, and a legislative committee
  • the size of the federal workforce was reduced by about 10 percent
Public bureaucracies are powerful because
  • make more national security documents available to the public
  • secretary
  • the Consumer Financial Protection Bureau
  • legislatures, chief executives and the people delegate vast power to them to make sure a particular job is done
Which one of the following is NOT a federal department entrusted with providing national security?
  • gradually declined
  • Police
  • passing laws
  • all of the above
The first regulatory agency was the ________, created by Congress in ________.
  • Interstate Commerce Commission; 1887
  • the Office of White House Affairs
  • part of the Department of Interior
  • Environmental Protection Agency
________ policy concerns banks, credit, and currency.
  • make more national security documents available to the public
  • monetary
  • business
  • secretary
How are ambassadors chosen?
  • appointments were made to political supporters as part of the spoils system
  • the Consumer Financial Protection Bureau
  • rule by offices and desks
  • they selected by the president, often as patronage for large campaign donations
What was the mission of the National Performance Review?
  • to reorganize the federal bureaucracy to make it more efficient, more accountable and less wasteful
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • the stable relationship between a bureaucratic agency, a clientele group, and a legislative committee
  • there was a lack of communication between the domestic and foreign security agencies
The Obama administration's campaign to make government more transparent
  • Was jeopardized by Edward Snowden's leak of sensitive national security documents in 2013
  • the size of the federal workforce was reduced by about 10 percent
  • use of public hearings before congressional committees and subcommittees
  • adjusting to the many different bureaucratic cultures now part of a single operation
Since the 1950s, compared with the entire workforce, the number of federal employees has ________.
  • 1968; 3 million
  • all of the above
  • gradually declined
  • Police
Which of the following executive agencies was created by Congress in the aftermath of the financial crisis that began in 2008?
  • make more national security documents available to the public
  • appointments were made to political supporters as part of the spoils system
  • the Consumer Financial Protection Bureau
  • regulatory
The first regulatory agencies Congress established were ________.
  • having members of Congress work part-time for a particular agency that is struggling to meet the demands Congress has placed on it
  • appointments were made to political supporters as part of the spoils system
  • make more national security documents available to the public
  • independent regulatory commissions
Before the Civil Service Act of 1883, how were government appointments handled?
  • make more national security documents available to the public
  • state and local oversight
  • appointments were made to political supporters as part of the spoils system
  • business
Which of the following is NOT a way in which Congress can exercise oversight?
  • state and local oversight
  • business
  • the Consumer Financial Protection Bureau
  • having members of Congress work part-time for a particular agency that is struggling to meet the demands Congress has placed on it
Which of the following is NOT a major role of bureaucracy?
  • congressional oversight
  • the size of the federal workforce was reduced by about 10 percent
  • all of the above
  • passing laws
The National Park Service is ________.
  • the U.S Customs Service
  • both c and d
  • the standard associated with particular programs become increasingly variable between states
  • a government corporation
The ________ administers the federal school lunch program.
  • Implemention
  • Department of Agriculture
  • passing laws
  • congressional oversight
Which of the following is an independent agency?
  • the size of the federal workforce was reduced by about 10 percent
  • passing laws
  • all of the above
  • Environmental Protection Agency
The Civil Service Act of 1883 attempted to pattern government hiring after practices found in ________.
  • appointments were made to political supporters as part of the spoils system
  • business
  • independent regulatory commissions
  • regulatory
The ________ is the head of a cabinet department.
  • legislatures, chief executives and the people delegate vast power to them to make sure a particular job is done
  • rule by offices and desks
  • secretary
  • independent regulatory commissions
Which of the following agencies is responsible for promoting the public welfare?
  • the Office of White House Affairs
  • all of the above
  • passing laws
  • the U.S Customs Service
A streetlight is a
  • people can be prevented from using it
  • knowledge
  • it will be overused
  • public good
Goods that are not excludable are usually
  • national defense
  • it will be overused
  • knowledge
  • free of charge
Because of the free-rider problem,
  • a Tragedy of the Commons
  • private markets tend to undersupply public goods
  • one person's use of the good diminishes another person's ability to use it
  • people can be prevented from using it
A free rider is a person who
  • private markets tend to undersupply public goods
  • one person's use of the good diminishes another person's ability to use it
  • people can be prevented from using it
  • receives a benefit of a good but avoids paying for it
If the use of a common resource is not regulated,
  • it will be overused
  • nonrival but excludable good
  • free of charge
  • national defense
A congested side street in your neighborhood is
  • not excludable and rival consumption
  • nonrival but excludable good
  • national defense
  • people can be prevented from using it
A good is excludable if
  • private markets tend to undersupply public goods
  • not excludable and rival consumption
  • one person's use of the good diminishes another person's ability to use it
  • people can be prevented from using it
The free-rider problem exists with
  • public good
  • a Tragedy of the Commons
  • free of charge
  • knowledge
A view of a spectacular sunset along a private beach is an example of a
  • it will be overused
  • not excludable and rival consumption
  • national defense
  • nonrival but excludable good
Which of the following must occur for a star's core to reach equilibrium after an initial change in fusion rate?Check all that apply. If the fusion rate initially decreases, then the core expands. If the fusion rate initially increases, then the core expands. If the fusion rate initially decreases, then the core contracts. If the fusion rate initially increases, then the core contracts.
  • It predicted that the Sun could shine for about 25 million years, but geologists had already found that Earth is much older than this.
  • We are seeing hot gas rising and cool gas falling due to the convection that occurs beneath the surface.
  • If the fusion rate initially increases, then the core expands.; If the fusion rate initially decreases, then the core contracts.
  • The Sun generates energy by fusing small nuclei into larger ones, while our power plants generate energy by the fission (splitting) of large nuclei.
Which of the following statements is not considered a disadvantage of the corporate form of organization?
  • Purchasing treasury stock is done to eliminate hostile shareholder buyouts.
  • Common Stock will be credited for $50000.
  • additional paid-in capital.
  • Limited liability of stockholders.
If Lantz Company issues 10000 shares of $5 par value common stock for $210000, the account
  • Kaplan's total stockholders' equity decreased $62500.
  • Common Stock will be credited for $50000.
  • credit to Common Stock for $100000
  • Limited liability of stockholders.
Stockholders of a corporation directly elect
  • board of directors
  • additional paid-in capital.
  • decreases its total assets and total stockholders' equity.
  • the board of directors.
If a stockholder cannot attend a stockholders' meeting, he may delegate his voting rights by means of a(n)
  • proxy.
  • Common Stock will be credited for $50000.
  • Kaplan's total stockholders' equity decreased $62500.
  • board of directors
Those most responsible for the major policy decisions of a corporation are the
  • Limited liability of stockholders.
  • additional paid-in capital.
  • the board of directors.
  • board of directors
Lantz Company issued 10000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a
  • Limited liability of stockholders.
  • credit to Common Stock for $100000
  • additional paid-in capital.
  • Common Stock will be credited for $50000.
Jason Hansen has invested $600000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Hansen stand to lose?
  • the corporation's life is stipulated in its charter.
  • Up to his total investment of $600000.
  • Increase liabilities Decrease S/E
  • credit to Common Stock for $100000
The acquisition of treasury stock by a corporation
  • decreases its total assets and total stockholders' equity.
  • Purchasing treasury stock is done to eliminate hostile shareholder buyouts.
  • must be paid before common stockholders can receive a dividend
  • Kaplan's total stockholders' equity decreased $62500.
The effect of the declaration of a cash dividend by the board of directors is to
  • Increase liabilities Decrease S/E
  • the corporation's life is stipulated in its charter.
  • board of directors
  • Limited liability of stockholders.
Which of the following statements about treasury stock is true?
  • Limited liability of stockholders.
  • Purchasing treasury stock is done to eliminate hostile shareholder buyouts.
  • must be paid before common stockholders can receive a dividend
  • decreases its total assets and total stockholders' equity.
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