AOS 2: Macro Factors Affecting Business Planning

Question 1

_____ refers to the growing use of digital techniques or systems by businesses

Accepted Answer

Technological Issues

Question 2

Factors relating to changes in attitudes, behaviour, taste and lifestyle of communities

Accepted Answer

Societal Attitudes

Question 3

This is made up of the broad conditions within which a business operates.

Accepted Answer

Macro Environment

Question 4

The practice of moving some business processes to another business located overseas.

Accepted Answer

Offshoring

Question 5

______ refers to the economic, environmental and social performance of a business.

Accepted Answer

Triple-bottom Line

Question 6

Includes factors over which the business has little control; Divided into operating and macro

Accepted Answer

External Environment

Question 7

Kit Kat stopping the use of palm oil in their product is an example of:

Accepted Answer

Corporate Social Responsibility, Societal attitudes, changing values and trends

Question 8

_______ is a tax of 10 per cent on most goods and services consumed in Australia.

Accepted Answer

Goods & Services Tax

Question 9

Helping the environment by using solar power is an example of which macro factor:

Accepted Answer

Corporate Social Responsibility

Question 10

Changes and opportunities in the field of 3D printing is an example of:

Accepted Answer

Technological Issues

Question 11

GST

Accepted Answer

Goods and Services Tax

Question 12

Interest rates and business confidence are part of:

Accepted Answer

Economic Conditions

Question 13

Increasing inflation (prices rising) is a factor of:

Accepted Answer

The Economy

Question 14

________ is the price charged or paid for the use of money that has been deposited or borrowed.

Accepted Answer

Interest Rate

Question 15

_______ is the price of one country’s currency expressed in terms of another country’s currency

Accepted Answer

Exchange Rate

Questions 15