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Module 2 (Chapter 4)
The Role of Government in Business
39
Business
Undergraduate 1
10/23/2015

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Term
Six
Definition
How many categories can government activities that affect business be divided into?
Term
A crown corporation is...
Definition
A company that is owned by the federal or provincial government.
Term
National Policy is...
Definition
Government directive that placed high tariffs on imports from the U.S. to protect Canadian manufacturing, which had higher costs.
Term
Crown corporations
Definition
An important aspect of the role of government is expressed in Canada through...
Term
Privatization is...
Definition
The process of governments selling Crown corporations.
Term
Fiscal policy is...
Definition
The federal government's effort to keep the economy stable by increasing or decreasing taxes or government spending.
Term
A deficit is when...
Definition
A government spends over and above the amount it gathers in taxes for a specific period of time.
Term
National debt is...
Definition
The sum of government debt over time.
Term
Surplus is...
Definition
An excess of revenues over expenditures.
Term
Monetary policy is...
Definition
The management of the money supply and interest rates.
Term
Federal budget is...
Definition
A comprehensive report that reveals government financial policies for the coming year.
Term
Transfer payments are...
Definition
Direct payments from governments to other governments or to individuals.
Term
Equalization is...
Definition
A federal government program for reducing fiscal disparities among provinces.
Term
Marketing boards are...
Definition
Organizations that control the supply or pricing of certain agricultural products in Canada.
Term
1) Crown corporations
2) Laws and regulations
3) Taxation and financial policies
4) Government expenditures
5) Purchasing policies
6) Services
Definition
The six categories of government involvement in Canada are...
Term
Taxes collected from companies by the government allows them to...
Definition
Discharge their legal obligations and to fund social programs.
Term
The purchase of policies and services.
Definition
Canadian businesses are assisted by...
Term
Having a reduced role.
Definition
There has been a trend in the Canadian government's involvement in the economy towards...
Term
Fiscal policy is...
Definition
The efforts of the federal government to keep the economy stable by increasing or decreasing taxes and/or government spending.
Term
Uneven resources, climate, and geography.
Definition
The main reason for Canada's uneven economic development is...
Term
Education
Definition
Provincial governments are responsible for...
Term
Canadian crown corporations are...
Definition
Government owned businesses.
Term
The national debt will increase.
Definition
Your local newspaper has a story in its business section that reports that Canadian government spending will again exceed tax revenues. This means that...
Term
Boost a weak economy.
Definition
The Bank of Canada lowers interest rates to...
Term
Ensuring electronic communications are sent from outside Canada.
Definition
Joe's Promotions abides with Canada's Anti-Spam Legislation through the following activities, EXCEPT...
Term
Grants and loans, consulting advice, and information.
Definition
All levels of government offer a variety of assistance programs to businesses. These include...
Term
Provide services that standard businesses were not able to offer.
Definition
Canadian Crown Corporations were created to...
Term
1) Constitution
2) Presidence established by judges
3) Provincial and federal statues
4) Federal and provincial administrative agencies
Definition
What are the four forces that law is derived from?
Term
To support and promote the country's economic performance.
Definition
What is the responsibility of the federal government?
Term
Fiscal and Monetary policy
Definition
Two major efforts that control the economy are...
Term
Partial privatization of services (i.e., a hospital).
Definition
What is a public-private partnership (P3)?
Term
Reduces interprovincial taxes.
Definition
What does AIT do?
Term
Joint ventures
Definition
Which strategy for competing in global markets leads to lowest profits?
Term
Helps Canadian companies with financing and insurance when dealing in foreign markets.
Definition
What does Export Development Canada do?
Term
A federal deficit is when...
Definition
The federal government spends more in a year than it receives in taxes.
Term
Reduce restrictions on trade/lower tariffs.
Definition
What does the agreement on internal trade do?
Term
National debt
Definition
What does federal deficit leads to?
Term
Industry Canada
Definition
Business consumer information is available to Canadian businesses from?
Term
Municipal government
Definition
Who's responsible for zoning requirements?
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