BMT STEEPLE

Which option below refers to a category of tax imposed on the sale of goods and services, such as VAT (value-added tax), GST (goods and services tax), and excise duties?

• Tariff

• Direct tax

• indirect tax

• corporate tax

Which option below refers to the framework of factors that are beyond the control of any individual organization, but which affect all businesses and their operations in the economy?

• Corporate social responsibility (CSR)

• The external business environment

• Stakeholder analysis

• SWOT analysis

An increase in the national minimum wage for employees is an example of what kind of external factor?

• legal

• social

• ethical

• economic

A threat to farmland due to regional flooding is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

A threat to farmland due to regional flooding is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

The increasing ability to illegally copy and distribute music and movies is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

The increasing number of firms with an online presence is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

A tariff (import tax) on foreign-made cars is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

An increased ageing population in developed (high-income) nations which affect recruitment practices is an example of what kind of external factor?

• Technological

• social

• environmental

• economic

Inflation (higher prices in the economy) caused by excessive spending in the country is an example of what type of external factor?

• Technological

• social

• environmental

• economic