BUSG 202 Exam 1 | 168 Questions &
Verified Answers | 100% Correct | Grade A
(2026/2027)
This G202 course, Exam 1 covers the foundations of Corporate Social
Strategy and Market Dynamics. It evaluates your ability to analyze how firms
interact with non-market players like governments, activists, and the public.
Key Exam Topics & Concepts
• Market Efficiency & Intervention: How taxes, subsidies, and price
controls impact consumer surplus, producer surplus, and deadweight
loss.
• The P.E.S.T. Framework: Analyzing Political, Economic, Social, and
Technological factors that shape the business environment.
• Socially Efficient Production: Balancing the private and public costs of
production to avoid externalities.
• Public Sector Inefficiencies: Understanding lobbying, rent-seeking, and
government failures.
This is the breakdown of G202 Exam 1 structures its 168 questions by alternating
between general concept spotlights and specific company case debriefs.
Here is a organized, scannable master checklist of this G 202 exam blueprint to
help you structure your study blocks for this Set
G 202 Exam Breakdown
• Questions 001–020: Extra Credit Quizzes
• Questions 001–020: Extra Credit Quizzes
• Questions 021–034: Topic 1 Spotlight
• Questions 035–053: Uber Case Debrief
• Questions 054–067: Topic 2 Spotlight
1
, • Questions 068–085:Ventria Case Debrief
• Questions 086–113: Topic 3 Spotlight
• Questions 114–132: Chiquita Case Debrief
• Questions 133–147: Topic 4 Spotlight
• Questions 148–165: Spotify Case Debrief
Core Themes to Focus On
Specific standard business cases & More
• Uber Case: Look up market disruption, ride-sharing regulations, surge
pricing models, and driver classification.
• Ventria Case: Review corporate political strategy, GMO regulation, NGO
activism, and managing multi-stakeholder conflicts.
• Chiquita Case: international business ethics, operating in volatile political
climates, and Foreign Corrupt Practices Act (FCPA) concepts.
• Spotify Case: review on digital music piracy, streaming economics,
copyright laws, and intellectual property rights.
Quiz_________________?
Assume that the socially efficient output level in the residential solar panel market
is 1,000units per week, but the industry is only producing 800 units per week at
current capacity. Theindustry's under-production is causing -
Answer
society to lose out on a net benefit, as the next panel produced would have more
consumer value than productive costs.
2
, Quiz_________________?
Auto manufacturers are currently offering flex-fuel vehicles that are designed to
run on ethanol gasoline mixtures. An economist recently analyzed the cost versus
value consideration of these vehicles and found that the market is currently buying
approximately the socially efficient amount of flex fuel vehicles. Under lobbying
pressure from the car manufacturers and environmental groups, the federal
government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this
subsidy goes through, what would be the most likely impact on market efficiency?
-
Answer
Efficiency decreases
Quiz_________________?
Given an industry is producing the socially efficient output level, a tax placed on
the industry will result in inefficiency because the market will produce -
Answer
too few units, giving up some units that have more consumer value than
productive costs
Quiz_________________?
Given what happens to the price buyers pay and the price sellers ultimately
receive after a productive regulation is enforced on sellers, what happens to the
level of consumer and producer surplus after the productive regulation takes
effect? -
Answer
Both consumer surplus and producer surplus decrease.
3
, Quiz_________________?
You produce flat-screen televisions and sell them currently at a price of $1,000.
The government is planning to enact a tax based on your chemical use and cause
you to incur $100 worth of tax costs per unit. Which of the following is a likely
outcome of the tax? -
Answer
You raise the television buyer's price to $1,050 while your seller's price becomes
$950 and your sales decrease 3%.
Quiz_________________?
Below is a table on the Net Benefits (+) and Net Costs (-) incurred by the
different districts ofa city considering two municipal projects -
Answer
Districts A and B will not be willing to use log-rolling to pass both projects.
Quiz_________________?
For any particular special interest group, lobbying over a specific political issue will
likely besuccessful when the issue is classified as -
Answer
client issue
Quiz_________________?
4
Verified Answers | 100% Correct | Grade A
(2026/2027)
This G202 course, Exam 1 covers the foundations of Corporate Social
Strategy and Market Dynamics. It evaluates your ability to analyze how firms
interact with non-market players like governments, activists, and the public.
Key Exam Topics & Concepts
• Market Efficiency & Intervention: How taxes, subsidies, and price
controls impact consumer surplus, producer surplus, and deadweight
loss.
• The P.E.S.T. Framework: Analyzing Political, Economic, Social, and
Technological factors that shape the business environment.
• Socially Efficient Production: Balancing the private and public costs of
production to avoid externalities.
• Public Sector Inefficiencies: Understanding lobbying, rent-seeking, and
government failures.
This is the breakdown of G202 Exam 1 structures its 168 questions by alternating
between general concept spotlights and specific company case debriefs.
Here is a organized, scannable master checklist of this G 202 exam blueprint to
help you structure your study blocks for this Set
G 202 Exam Breakdown
• Questions 001–020: Extra Credit Quizzes
• Questions 001–020: Extra Credit Quizzes
• Questions 021–034: Topic 1 Spotlight
• Questions 035–053: Uber Case Debrief
• Questions 054–067: Topic 2 Spotlight
1
, • Questions 068–085:Ventria Case Debrief
• Questions 086–113: Topic 3 Spotlight
• Questions 114–132: Chiquita Case Debrief
• Questions 133–147: Topic 4 Spotlight
• Questions 148–165: Spotify Case Debrief
Core Themes to Focus On
Specific standard business cases & More
• Uber Case: Look up market disruption, ride-sharing regulations, surge
pricing models, and driver classification.
• Ventria Case: Review corporate political strategy, GMO regulation, NGO
activism, and managing multi-stakeholder conflicts.
• Chiquita Case: international business ethics, operating in volatile political
climates, and Foreign Corrupt Practices Act (FCPA) concepts.
• Spotify Case: review on digital music piracy, streaming economics,
copyright laws, and intellectual property rights.
Quiz_________________?
Assume that the socially efficient output level in the residential solar panel market
is 1,000units per week, but the industry is only producing 800 units per week at
current capacity. Theindustry's under-production is causing -
Answer
society to lose out on a net benefit, as the next panel produced would have more
consumer value than productive costs.
2
, Quiz_________________?
Auto manufacturers are currently offering flex-fuel vehicles that are designed to
run on ethanol gasoline mixtures. An economist recently analyzed the cost versus
value consideration of these vehicles and found that the market is currently buying
approximately the socially efficient amount of flex fuel vehicles. Under lobbying
pressure from the car manufacturers and environmental groups, the federal
government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this
subsidy goes through, what would be the most likely impact on market efficiency?
-
Answer
Efficiency decreases
Quiz_________________?
Given an industry is producing the socially efficient output level, a tax placed on
the industry will result in inefficiency because the market will produce -
Answer
too few units, giving up some units that have more consumer value than
productive costs
Quiz_________________?
Given what happens to the price buyers pay and the price sellers ultimately
receive after a productive regulation is enforced on sellers, what happens to the
level of consumer and producer surplus after the productive regulation takes
effect? -
Answer
Both consumer surplus and producer surplus decrease.
3
, Quiz_________________?
You produce flat-screen televisions and sell them currently at a price of $1,000.
The government is planning to enact a tax based on your chemical use and cause
you to incur $100 worth of tax costs per unit. Which of the following is a likely
outcome of the tax? -
Answer
You raise the television buyer's price to $1,050 while your seller's price becomes
$950 and your sales decrease 3%.
Quiz_________________?
Below is a table on the Net Benefits (+) and Net Costs (-) incurred by the
different districts ofa city considering two municipal projects -
Answer
Districts A and B will not be willing to use log-rolling to pass both projects.
Quiz_________________?
For any particular special interest group, lobbying over a specific political issue will
likely besuccessful when the issue is classified as -
Answer
client issue
Quiz_________________?
4
