Begin week 7 Business environment

Which of the following is a sustainable policy?

• Increasing reliance on fossil fuels
• Implementing renewable energy sources to reduce carbon emissions.
• Encouraging deforestation for economic growth
• Ignoring environmental regulations for short-term profit

The impact of deflation on the purchasing power is?

• Decreases
• Fluctuates
• Increases
• Remains the same

The 3 elements of corporate social responsibility are people, profit and

A threat whether actual or perceived is known as

• Physical threat

• Intimidation threat

• Advocacy threat

Which principle is being defined?

You must comply with relevant laws and regulations, and avoid any action that may bring disrepute to the profession

• Integrity

• Professional behaviour

• Professional competency and due care

• Confidentiality

Which ethical principle has been breached in this situation?

The accounts manager allows a customers extra discount and it is found that the customer is the Accounts Manager’s close friend

• Professional behaviour

• Integrity

• Transparency

• Objectivity

The meaning of Solvency for a business is?

• Ability to pay short-term debts only
• Inability to generate revenue
• Lack of physical assets
• Ability to meet long-term financial obligations

When a business outsources a function it means?

• Contracting with an external provider to perform a specific function or task.
• Hiring more internal employees to handle the function
• Automating the function using software
• Ignoring the function altogether