1. What is NOT true of Corporate Social Value?

A. Value is created through economic and societal benefits, relative to costs.

B. It is integral to profit maximization

C. It is integral to competing

D. There are all true of CSV

2. What is Market Failure?

A. When supply is greater than demand

B. When demand is greater than supply

C. When markets yield an inefficient output of production yielding externalities

D. When markets simply collapse

3. Which is NOT public policy?

A. Prohibition of immoral behavior

B. Establishment of incentives

C. Information asymmetry

D. Reconciliation of civil conflict

4. What are the traditional “types” of policy?

A. Regulatory

B. Liberal/conservative

C. Distributive

D. All of the above

5. The different between liberal and conservative is best described as:

A. Liberals look to the market and conservatives look to the state to resolve problems

B. Conservatives look to the market and liberals look to the state to solve problems

C. Conservatives use emotions and liberals use economics

D. None of these