Government policies are;

External influences on operations

Government policies can influence Australian business at three levels

local, state/territory and federal

Which of the following is NOT a government policy influencing business’s operations?

Australian Competition and Consumer Commission (ACCC)

What are variable costs?

Costs that vary in direct relationship to business activity.

What is environmental sustainability?

Economic, social and environmental performance of a business

What is cost-based competition?

Apply strategies to create cost advantage over competitors

What does CSR stand for?

Corporate Social Responsibility

What are compliance costs?

Expenses associated with meeting of legal regulations

What is globalisation?

The increased movement of ideas, money and people.

International Standards Organisation

Globalisation provides what kinds of opportunities?

Sources of market, cheap labour

What is a global web?

Different parts of production in different geographic areas

Costs that do not change regardless of business activity

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Operations influences

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HSC business studies revision.

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Questions 20

Answers

1
Government policies are;
Weaknesses
Internal influences on operations
External influences on operations
Strengths
2
Government policy is a source of _____ for business
Change
improvement
Solace
Degradation
3
Which of these is an influence on operations?
Logistics
Liabilities
Leasing
Legal
4
Government policies can influence Australian business at three levels
low, middle and high
short, medium and tall
local, state/territory and federal
operations, marketing and financial
5
Who has Mr Fuller embarrassed by getting you to all clap for making questions for this Quiz?
Lauren
Amy
Brianna
All of the above
6
Which of these technologies could be used in the operations process?
Robotics
CAD
CIM
All of the above
7
Which of these is an example of quality expectations for goods?
All of the below
Quality of design
Durability
Fitness for purpose
8
Which of these is NOT an example of quality expectations for services?
Price of service
Reliability of provider
Level of customisation
Professionalism of provider
9
Which of the following is NOT a government policy influencing business’s operations?
Environmental regulations
Workplace Health and Safety (WHS) standards
Australian Competition and Consumer Commission (ACCC)
Public health policies
10
What are variable costs?
Costs that vary in direct relationship to business activity.
Electricity, gas
Constantly changing costs
Costs that are vary high
11
What is environmental sustainability?
Economic, social and environmental performance of a business
Long term shutting down of all businesses.
Use of environment friendly products
Saving the world by hugging trees
12
What is cost-based competition?
Aligning total costs with total revenue
Competitive pricing
Cheapest prices for product
Apply strategies to create cost advantage over competitors
13
What does CSR stand for?
Controlled Supply Rate
Corporate Safety Regulation
Community Service Representative
Corporate Social Responsibility
14
What are compliance costs?
Costs that are allocated to a particular product
Money that is spent on a business non-current fixed assets
Independent check of the accuracy of financial records
Expenses associated with meeting of legal regulations
15
Technology is what type of influence?
Unimportant
Internal
External
International
16
What is globalisation?
A mix of product, promotion, price and place.
Laws that a business has to follow in order to operate.
The increased movement of ideas, money and people.
Flow of activity a business follows in delivering services.
17
ISO stands for:
International Standards Organisation
International Services Orientation
Irresponsible Surfers Organisation
Internal Standards Organisation
18
Globalisation provides what kinds of opportunities?
Sources of market, cheap labour
Less market opportunities
More competition
Economics
19
What is a global web?
Using the internet to perform marketing activities
Different parts of production in different geographic areas
Used to inform/persuade/remind target markets about products
Product available to customers when and where they want them
20
Define fixed costs.
Costs that are always changing
Costs that do not change regardless of business activity
Costs that stay still
Rent, wages

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