External Influences

What is the primary focus of the business environment?

• The internal policies of a business

• The surrounding conditions in which the business operates

• The financial status of a business

• The marketing strategies of a business

Which external influence on business deals with laws and regulations?

• Financial

• Social

• Legal

• Geographic

What is the effect of major political change on business confidence?

• It has no effect

• It can lead to business confidence

• It always leads to business decline

• It only affects small businesses

Which of the following is a taxation issue affecting business?

• Paid parental leave

• Emissions Trading Scheme (ETS)

• Goods and services tax (GST)

• Decentralisation of wage determination

Which reform is associated with the decentralisation of wage determination?

• Taxation

• Labour market reforms

• Social reforms

• Environmental management

The GST applies to the supply of most goods and services consumed in which country?

• Canada

• United States

• Australia

• United Kingdom

Which of the following is NOT a result of deregulation?

• Removal of government regulation

• Increased competition

• Decreased efficiency

• Improved competition

Which of the following is NOT a part of the 'other' category of institutional influences?

• Employee trade associations

• Trade unions

• ASX

• ACCC

Which institutional influence category includes the Department of Environment, Climate Change and Water?

• Government

• Regulatory bodies

• Other

• None of the above

Which level of government is responsible for parking regulations?

• Federal government

• State government

• Local government

• National government