1. You are a senior consultant for McKinsey & Company and
you are based out of the Chicago office. You have several clients
in Los Angeles that demand regular on-site visits. You have a
significant amount of family in the LA area, so you often host
diners for your family while working on-site and charge the diners
to your corporate account as an entertainment expense. What type of
conflict of interest is most illustrated within this
scenario?
Group of answer choices
A. Moonlighting.
B. Misusing employer's property.
C. Post-employment.
D. Misuse of inside information.
2. You are a Dentist in Bloomington that has a thriving
practice based on the large number of college students in town. You
have one of the highest wisdom teeth extraction referral rates of
all dentists in town, and you refer all of your patients to the
oral surgeon where your brother works as a receptionist. What type
of conflict of interest is most illustrated within this
scenario?
Group of answer choices
A. Influence peddling.
B .Misusing inside information.
C. Self dealing.
D. Post-employment.
3.Based on the Ventria case, which of the following PEST
shocks did not lead to the non-market barrier that blocked Ventria
from planting rice in California?
Group of answer choices
A. Technological.
B. Social.
C. Political.
D. Economic.
4. Based on the post-employment conflict of interest, over
time regulatory agencies can develop a bias to support the
Group of answer choices
A. groups of individuals who are not likely to be affected by
regulation.
B. goals of attaining economic efficiency.
C. desires of the firms that are being regulated.
D. welfare needs of society in general.
5. According to public choice theory, individual
self-interests influence the actions of
Group of answer choices
A. consumers in the private sector, but not voters in the
public sector.
B. producers in the private sector, but not politicians in the
public sector.
C. consumers, producers, voters, and politicians in both the
private and public sectors.
D. taxpayers, but not the recipients of government produced
public goods.
6. Based on the Ventria Bioscience case; which of the
following was considered to be part of the potential stakeholder
allies of Ventria?
Group of answer choices
A. Anheuser-Busch.
B. California Secretary of Agriculture.
C. World Health Organization.
D. Friends of the Earth.
7. The term “logrolling” refers to
Group of answer choices
A. the exchange between legislators of their political votes
on issues each cares about.
B. government spending programs that primarily benefit loggers
and other forest workers.
C. legislators bundling projects into one bill that benefits
regional interests at the expense of all taxpayers.
D. the actions of legislators who are willing to trade their
political votes for bribes from special interest groups.