Which of the following socio-cultural trends will have a direct impact on most business organisations?
(i) Increasing ethnic and religious diversity in populations
(ii) Falling birthrates
(iii) Focus on 'green' issues
(iv) Increase in single-member households
Rationale: Increasing diversity has an impact on HR policies in regard to equal opportunity and prevention of discrimination.
Falling birthrates creates an aging workforce and skill shortages. All organisations need to take account of environmental regulation and consumerism. An increase in single-member households will impact on some organisations: notably, those which market goods and services to this segment (eg single-serve pack sizes), but the questions said 'most' organisations.
Pitfalls: You need to think through a range of compliance, marketing and skilling issues when appraising socio-cultural factors.
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?
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