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Unit 1 - AOS 2 - The External Environment Flashcards | StudBud
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Unit 1 - AOS 2 - The External Environment
Unit 1 - AOS 2 - The External Environment
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StudBud Administration
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VCE Business Management Unit 1 Area of Study 2 External Environment Macro Environment
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
______
refers to the economic, environmental and social performance of a business.
Net Profit
Corporate social responsibility
Triple-bottom Line
Social Performance
2
A business has a small amount of control over the macro environment.
False
True
3
Carole Baskin killed her husband.
False
True
4
Adhering to anti-discrimination regulations is part of:
The internal environment
The macro environment
Corporate Social Responsibility
The operating environment
5
Increasing inflation (prices rising) is:
A societal attitude
A global issue
An economic condition
A corporate social responsibility issue
6
I should always include a definition when responding to an 'explain' question.
False
True
7
This is made up of the broad conditions within which a business operates.
Australian Environment
Macro Environment
Operating Environment
Internal Environment
8
Valuing the preservation of the natural environment is an example of:
Corporate social responsibility
A global issue
Laws and regulations
A societal attitude
9
________
is the price charged or paid for the use of money that has been deposited or borrowed.
Tax Rate
Unemployment Rate
Interest Rate
Inflation Rate
10
_____
refers to the growing use of digital techniques or systems by businesses
Macro Issues
Ethical Issues
Technological Issues
Economic Issues
11
Businesses that offer rival goods or services are known as:
Competitors
Rivals
Competition
Competitive advantage
12
The practice of moving some business processes to another business located overseas.
Outsourcing
Offshoring
Globalising
Downsizing
13
Helping the environment by using solar power is an example of which macro factor:
Corporate social responsibility
Economic conditions
Environmental issues
Global issues
14
When responding to an 'explain' question, I should include:
An example
A brief description
A justification
Advantages and disadvantages
15
Buying a car with a sunroof is an example of:
A customer expectation
Consumer choice
A customer need
A societal attitude
16
Interest rates and business confidence are part of:
Economic Conditions
Legal Regulations
Societal Attitudes
Technological Issues
17
'Discuss' questions require me to describe the pros and cons of a concept.
True
False
18
The effect of hi-tech communications, lower transport costs and unrestricted trade
Globalisation
Economic boom
Global economy
International relations
19
_______
is a tax of 10 per cent on most goods and services consumed in Australia.
Interest Rate
Income Tax
Great & Small Tax
Goods & Services Tax
20
The difference between a customer & a consumer is
A consumer purchases the product; the customer uses it
They are the same thing
They are unrelated
A customer purchases the product; the consumer uses it
21
Changes and opportunities in the field of 3D printing is an example of:
Global Issues
Legal Regulations
Societal Attitudes
Technological Issues
22
A business can be socially responsible by:
Becoming involved in the community
Offshoring production to countries with lower wages
Firing pregnant women
Ensuring that a fair price is paid for all materials
23
Includes factors over which the business has little control; Divided into operating and macro
Business environment
Macro environment
External Environment
Internal environment
24
'Evaluate' questions require me to:
Weigh up the pros and cons
Provide a definition only
Weigh up the pros and cons and provide a conclusive statement
It is the same as an 'explain' question
25
_______
is the price of one country’s currency expressed in terms of another country’s currency
Interest Rate
Exchange Rate
Tax Rate
Inflation Rate
26
Suppliers are a part of which business environment?
The Australian environment
The operating environment
The internal environment
The macro environment
