Business Management - Unit 1 - AOS 2 - Macro Environment

Question 1

Interest rates and business confidence are part of:

Accepted Answer

Economic Conditions

Question 2

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

Accepted Answer

Technological Issues

Question 3

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

Accepted Answer

Exchange Rate

Question 4

Increasing inflation (prices rising) is a factor of:

Accepted Answer

The Economy

Question 5

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

Accepted Answer

External Environment

Question 6

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

Accepted Answer

Globalisation

Question 7

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

Accepted Answer

Interest Rate

Question 8

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

Accepted Answer

Technological Issues

Question 9

Adhering to anti-discrimination regulations is part of:

Accepted Answer

Macro environment

Question 10

Which of the following is NOT illegal in Australia:

Accepted Answer

Discrimination in training and development

Question 11

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

Accepted Answer

Goods & Services Tax

Question 12

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

Accepted Answer

Offshoring

Question 13

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

Accepted Answer

Triple-bottom Line

Question 14

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

Accepted Answer

Corporate Social Responsibility

Question 15

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

Accepted Answer

Macro Environment

Questions 15