IB Business 1.5 External Environment

Which factor is not part of the STEEPLE acronym?

• economic factors 

• social factors

• labour factors

• legal factors

Which of these will be included in social aspect of STEEPLE?

• code of conduct

• government

• economic growth

• education levels

The value of one currency in terms of another currency is:

• exchange rate

• interest rate

• exchange level

• currency value

Political factors of STEEPLE do not include:

• type of government

• government stability

• tarrifs

• interest rate

GDP refers to:

• Growth Domestic Product

• Gross Domestic Product

• Growth Domestic Production

• Gross Demand Production

One of the effects of aging population is not:

• more people on pension

• change in the structure of population

• increase in number of births

• changing patterns of demand

Choose the definition of inflation:

• the rare of change in average level of wages

• the decrease in a currency value

• the rate of change in average level of prices

• the increase of a level of interest rates

Which of these is not a economic influence on a business

• fiscal policy

• unemployment

• interest rates

• infrastructure development

Environmental controls on business activities does not include:

• reducing packaging

• usage of sustainable energy

• controls of suppliers

• waste disposal

Which below is a legal constraint in a STEEPLE

• consumer protection law

• form of a political structure

• trade policies

• child labour