Impact of Government Policy (3.7.4 AQA)

Impact of Government Policy (3.7.4 AQA)

Mrs Osborne (December 2020)

Multiple Select

Which of the following is a section on Kaplan and Norton's Balanced Scorecard?

• Financial perspective

• Health & Safety perspective

• Learning & Growth

• Business processes

Multiple Select

Which of the following are evidence of short-termism?

• Low investment in R&D

• Performance rewards based on 12 month time frame

• Investing in training and development

• Building long term relationships with suppliers

Multiple Choice

Short-termism is likely to be a particular problem for which business?

• Technology Management LTD

• Butler & Daughter Removals

• Burberry Group PLC

• DJC Window Cleaning

Open Ended

Why is short-termism associated with Public Limited Companies in the UK?

Learning Objectives:

How does government policy affect business?

Role of Regulators

• Price controls

• Regulating the product or service provided

Government Policy: Infrastructure

• Transport

• Education

• Medical facilities

• National grids for utilities

• ALL RAISE PRODUCTIVITY

Government Policy: Environment

• Ensuring businesses consider their externalities:

• Green Taxes

• Subsidies / Grants

• Laws and regulations

Government Policy: International Trade

• Comparative Advantage

• Tariffs & Quotas

• Trade agreements

• EU

Open Ended

How does government policy affect business?

Would British businesses be better off if the UK left the EU?

Justify your answer.

https://www.youtube.com/watch?v=iFyhMT--AOk

Multiple Select

Which of the following are considered as infrastructure?

• Education

• Health Care

• Competition

• Transport

Multiple Select

What can the government do to manage the impact of business on the environment?

• Impose taxes

• Grants / Subsidies

• Regulations

• Imports

Multiple Select

Which of the following are a benefit of being in the EU?

• No tariffs and quotas on trade within the UK

• Common standards

• Equal employee rights

• Set your own external tariff

Poll

How confident are you that you can answer this question:

How does government policy affect business?

• VERY CONFIDENT

• CONFIDENT

• UNSURE

• NO IDEA