Unit 1: Assignment 2 Quiz

What is PESTLE analysis?

• A method for financial forecasting.
• A tool for employee performance reviews.
• PESTLE analysis is a framework for analyzing external factors affecting an organization.
• A strategy for product development.

What is meant by "Company Culture"?

• Company culture is the collective values, beliefs, and behaviors that characterize an organization.
• Company culture is the legal structure of a business.
• Company culture refers to the physical layout of an office.
• Company culture is solely about employee salaries and benefits.

What does the first "E" stand for in PESTLE?

• Ethical
• Environmental
• Economic
• Educational

What does the second "E" stand for in PESTLE?

• Technological
• Economic
• Environmental
• Legal

Which of these would be classed as an environmental consideration under PESTLE?

• Political stability and government policies.
• Economic growth and market trends.
• Climate change and sustainability issues.
• Technological advancements in manufacturing.

What effect do import tariffs usually have on the price of goods for a consumer?

• Import tariffs usually increase the price of goods for consumers.
• Import tariffs usually decrease the price of goods for consumers.
• Import tariffs have no effect on the price of goods for consumers.
• Import tariffs make goods more available to consumers.

Which of these is a law that relates to ethical business practices?

• Sarbanes-Oxley Act//UKSOx

• Federal Trade Commission Act
• Consumer Protection Act
• Fair Labor Standards Act

What does "Corporate Social Responsibility" mean?

• Undergoing local charity work

• A strategy for maximizing profits at any cost.
• Commitment to contribute to sustainable economic development

• A guideline for avoiding taxes and regulations.

Which of these is the name of a corporate social responsibility initiative?

• Profit Maximization
• Employee Satisfaction Program
• Market Expansion Strategy
• Green Initiative

Which of these would be classed as a weakness in a business' SWOT analysis?

• Strong brand recognition
• Innovative product offerings
• Lack of resources or poor management
• High customer loyalty