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Unit 1, BM, AOS2: External Environment Flashcards | StudBud
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Unit 1, BM, AOS2: External Environment
Unit 1, BM, AOS2: External Environment
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#VCE #Business #Management #external #environment
Flashcards
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Questions
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Answers
1
Shareholders are...
People who love to share
A person who has bought shares in a company
Employees and stakeholders
Any person who can affect or is affected by a business
2
Societal attitudes are...
beliefs held by people in society.
Sassy societies
ideas, values and beliefs held by people in society.
ideas held by people in society.
3
The broad conditions & trends in society and the economy within which a business operates.
The Government
Macro Environment
Economic factors
Societal attitudes
4
Amount paid for the use of money that has been borrowed
Interest Rate
Internet Rate
Mortgage
Loan rate
5
Stakeholders are...
Any person who has bought shares in a business/company
Employees and shareholders
People who enjoy steak
Any person who can affect or is affected by businesses
6
Assessment of economic, environmental and social performance of a business
Triple Bottom Line
Triple Batch Line
Two Bottom Line
Triple Effect Line
7
Customers, Competitors, Suppliers and Special Interest groups are 4 main stakeholders in the...
Business Environment
Operating Environment
Macro Environment
Internal Environment
8
The environment that includes the factors over which the business has most control
Operating Environment
Internal Environment
Macro Environment
External Environment
9
The external environment with which the business directly interacts:
Oprah Winfrey
Operations system
Operating Environment
Operating table
10
Factors relating to general changes in attitudes, behaviour, taste and lifestyle of communities
Customers
Social Activities
External Factors
Societal Attitudes
11
When was the
Equal Opportunity Act
passed?
2012
2011
2009
2010
12
The external environment is divided into two main categories
Internal and Operating
Day-time and night-time
Customers and Competitors
Macro and Operating
13
Technological changes are apart of which environment?
Natural
Operating
Internal
Macro
14
The conditions inside and outside a business is the:
External Environment
Operating Environment
Business Environment
Macro Environment
15
The
Occupational Health and Safety Act 2004
includes what?
keeping the floors clean
making sure employees don't discriminate over disability
securing safety of employees
securing the health, safety and welfare of employees
16
Groups of people who attempt to directly influence a business to adopt certain policies
Special groups
Happy Tree Friends
Special interest groups
Lolly groups
