Business Management

Question 1

1A business's staff, finances and management make up its

Easy

A. political environment B. internal environment C. legal environment only D. external environment

Question 2

2The economic environment of a business includes

Easy

A. the company logo B. inflation, interest rates and exchange rates C. office layout D. staff uniforms

Question 3

3Inflation, interest rates and exchange rates are part of a business's

Easy

A. technological environment B. economic environment C. cultural environment only D. internal environment

Question 4

4Corporate social responsibility means a business

Easy

A. avoids tax B. pollutes freely C. ignores customers D. acts in ways that benefit society and the environment

Question 5

5People and groups with an interest in a business, such as customers, workers and the community, are its

Easy

A. directors only B. stakeholders C. competitors D. shareholders only

Question 6

6A business facing a new tax on its product is affected by which PESTLE factor?

Hard

A. social B. environmental C. technological D. political/legal

Question 7

7Technological change affects business by

Easy

A. removing competition B. stopping all trade C. creating new products and methods D. reducing knowledge

Question 8

8Stakeholders of a business include

Easy

A. only the owners B. employees, customers, owners and the community C. only competitors D. only the government

Question 9

9A rise in interest rates mainly affects a business through

Easy

A. higher borrowing costs B. lower wages C. cheaper loans D. more customers

Question 10

10A new tax law that affects a company is part of its

Easy

A. technological environment B. political-legal environment C. internal environment D. natural environment