According to the Text, the Approaches That Businesses Can Take

question 64

Multiple Choice

According to the text, the approaches that businesses can take in influencing government include all of the following EXCEPT:

• A) lobbying.
• B) personal contacts and networks.
• C) public relations campaigns.
• D) illegal acts.
• E) refusing to abide by regulatory controls.

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Definitions:

Political Incentives

Motives that drive politicians to make decisions or enact policies, often based on the pursuit of power, reelection, or adherence to ideological beliefs.

Market Outcomes

The results or final state of market processes, including price and quantity determined by supply and demand forces.

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot be sold in the market.

Compact Discs

Optical discs used to store digital data, primarily known for storing music recordings in a digitally encoded format.