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WorksheetsExternal Environment
Total questions: 10
Worksheet time: 6mins
Six months (two quarters) of falling GDP (negative growth)
Recession
Economic growth
Unemployment
Exchange rate
External factors that present chances for businesses are called?
(a)
The value of one currency in terms of another currency
Money
Exchange interest
Economic growth
Exchange rate
Key advantages of the STEEPLE analysis are:
It knows how to predict rapid change.
It is easy to use.
It is a useful brainstorming and discussion tool.
It helps managers be thorough and logical in their analysis.
Environmental opportunities and threats include which of the following?
Noise pollution
Global warming
Tariffs
Extreme weather
Subsidies
The rate of change in the average level of prices
Inflation
Cost-push inflation
Demand-pull inflation
Fiscal policy
Employment practices that take a more positive attitude towards woman in terms of pay and promotional opportunities is an example of...
demographic change.
economic change.
social change.
political change.
Which of the following usually explains why governments control monopolies?
Prices are often higher under a monopoly.
Costs of production are often lower under monopoly.
There is more consumer choice under a monopoly.
New firms are able to join the industry easily to create more competition.
If a government wished to stimulate / increase economic growth, which policy would it be most likely to increase?
Government spending.
Income tax.
Interest rates.
Exchange rates.
The removal of government rules and regulations.
(a)
