Business Management - Unit 1 - AOS 2 - Macro Environment

Question 1

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

Accepted Answer

Triple-bottom Line

Question 2

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

Accepted Answer

Goods & Services Tax

Question 3

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

Accepted Answer

Technological Issues

Question 4

Which of the following is NOT illegal in Australia:

Accepted Answer

Discrimination in training and development

Question 5

Increasing inflation (prices rising) is a factor of:

Accepted Answer

The Economy

Question 6

The effect of hi-tech communications, lower transport costs and unrestricted trade

Accepted Answer

Globalisation

Question 7

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

Accepted Answer

External Environment

Question 8

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

Accepted Answer

Offshoring

Question 9

Adhering to anti-discrimination regulations is part of:

Accepted Answer

Macro environment

Question 10

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

Accepted Answer

Corporate Social Responsibility

Question 11

Interest rates and business confidence are part of:

Accepted Answer

Economic Conditions

Question 12

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

Accepted Answer

Exchange Rate

Question 13

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

Accepted Answer

Interest Rate

Question 14

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

Accepted Answer

Macro Environment

Question 15

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

Accepted Answer

Technological Issues

Questions 15