2024 BM VCE: Internal Business Environment and Planning
Authored by Dillon Henry
Business
11th Grade
Used 14+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The internal business environment is best described as...
the factors over which the business has total control; it is sometimes called the micro environment.
the factors over which the business has little control. It may be further divided into two categories: operating and macro.
the factors over which the business has some degree of control; it is sometimes called the micro environment.
the broad conditions and trends in the economy and society within which a business operates.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The external environment can be best defined as...
the factors over which the business has little control. It may be further divided into two categories: operating and micro
the factors over which the business has little control. It may be further divided into two categories: operating and macro.
the factors over which the business has some control over; such as employees and managers.
the factors over which the business has total control over such as legal structure and location.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Societal attitudes and behaviours are considered apart of which business environment?
Macro environment
Operating environment
Micro environment
4.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
A sole trader business is owned and operated by (a) person(s)
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
A partnership is an unincorporated business structure with a minimum of two and a maximum of (a) owners
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are benefits to a sole trader business structure?
Limited liability
Low-start up costs
Easier to attract public finance
Less government regulations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The business model "bricks and mortar" is best described as...
a business that creates homes.
a business that directly delivers products to their customers.
a business that imports and exports goods and services.
a business with a physical location such as a store in a shopping centre.
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