3.7.6 Social and technological environemnmpact Quiz

What is one of the demographic changes that affect decision making in the UK population over time?

• Increase in the number of young people

• Increase in the number of retired people

• Decrease in the number of businesses

• Increase in the number of schools

How can changes in consumer lifestyle and buying behavior affect firms?

• Firms will have to reduce their prices

• Firms will need to alter their strategic plans

• Firms will need to hire more employees

• Firms will need to close down

What is one of the opportunities provided by urbanization?

• Decrease in the labor supply

• Increase in the proportion of the population living in cities

• Decrease in business expansion

• Increase in rural population

What is one of the ways businesses can respond to environmental issues?

• Ignoring environmental regulations

• Comparing their firm's activities with those required by legislation

• Reducing their workforce

• Increasing their prices

What does CSR stand for?

• Corporate Social Responsibility

• Corporate Social Regulation

• Corporate Social Reform

• Corporate Social Reinvestment

What is one of the advantages of implementing CSR in a company?

• It increases costs

• It improves brand loyalty

• It reduces the number of employees

• It decreases customer satisfaction

What is one of the disadvantages of CSR?

• It can lead to a misuse of funds

• It always increases profits

• It reduces the need for marketing

• It decreases the company's reputation

Which of the following is NOT a type of responsibility in Carroll's Pyramid of CSR?

• Philanthropic responsibilities

• Ethical responsibilities

• Legal responsibilities

• Financial responsibilities

What is the main focus of the decision-making process according to traditional business practices?

• Balancing stakeholder needs

• Maximizing profits above all else

• Improving employee satisfaction

• Enhancing corporate social responsibility

Which of the following is an example of how new technology can improve business efficiency and productivity?

• Increasing the number of employees

• Using new technology in processes

• Reducing the number of products

• Decreasing the amount of investment