The RBA would decrease cash rates to influence banks to decrease interest rates to encourage

consumers and businesses to spend

The four stages in the business cycle are

Peak, Contractionary, Trough, Expansionary

A business that looks at the Economic, Social and Environmental aspects of the business

looks at the Triple Bottom Line

The internal environment is made up of elements created by the people within the business, like

Employees, Managers, Location & Legal business structure

Values and beliefs are the shared principles and morals of a group of people and society e.g.

businesses should preserve and protect the environment

The operating environment includes stakeholders external to the business, that have a:

direct impact on the business such as Suppliers

Technological issues relate to the growing use of tools, techniques or systems by businesses to

solve problems and become efficient

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Bus Mgt RT2

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Bus Mgt

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Questions 10

Answers

1
The RBA would decrease cash rates to influence banks to decrease interest rates to encourage
consumers and businesses to laugh
consumers and businesses to save
consumers and businesses to panic
consumers and businesses to spend
2
The four stages in the business cycle are
Peak, Contractionary, Trough, Recession
Peak, Contractionary, Trough, Expansionary
Peak, Contractionary, Trough, Grow
Peak, Contractionary, Expansionary, Grow
3
A business that looks at the Economic, Social and Environmental aspects of the business
looks at the Triple Bottom Line
looks at Profit only
looks at the operating environment
looks at the macro environment
4
The internal environment is made up of elements created by the people within the business, like
Employees, Managers, Location & Legal business structure
Employees, Managers, Location & Customers
Employees, Managers, Location & Suppliers
Employees, Managers, Location & Economic conditions
5
Values and beliefs are the shared principles and morals of a group of people and society e.g.
Equal Opportunity Act
Trade Practices Act
Health Regulation Act
businesses should preserve and protect the environment
6
Special interest groups are parties external to the company that try to influence change e.g.
Suppliers
Employees
Unions
Managers
7
Offshoring refers to the practice of moving some aspect of the business....
overseas
to another company withing Australia
interstate
none of the above
8
The operating environment includes stakeholders external to the business, that have a:
direct impact on the business such as Employees
direct impact on the business such as Societal Attitudes
direct impact on the business such as Suppliers
direct impact on the business such as Global Issues
9
Technological issues relate to the growing use of tools, techniques or systems by businesses to
solve problems and become inefficient
solve problems and become efficient
create problems and become efficient
create problems and become inefficient
10
A business should understand customer needs and expectations so that they are able to
none of the above
not get sales and profit
maintain sales and profit
maintain sales and make a loss

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