External Environments in Business
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Questions and Answers

Which of the following is NOT a requirement for a business in relation to employee requirements?

  • Occupational health and safety requirements
  • Employee clothing
  • Food handling (correct)
  • Minimum level of cleanliness

    • Which of the following is NOT an aspect covered under the "Trade Practices, Consumer Protection" section?

  • Building permits (correct)
  • Product safety regulations
  • Trade practices and fair trading
  • Regulations regarding fair advertising

    • Which legislation specifically covers discrimination and equal opportunity for employees?

  • Occupational Health and Safety Act 2004 Vic
  • Trade Practices Act
  • Food Act 1984 (Vic)
  • Equal Opportunity Act 2010 Vic (correct)

    • Which of the following acts as a resource hub for businesses to find licenses, permits, approvals, registrations, codes of practice, standards, and guidelines?

    <p>Australian Business License and Information Service (ABLIS) (D)</p> Signup and view all the answers

    Which of the following is NOT a major aspect covered within environmental protection legislation?

    <p>Building permits (B)</p> Signup and view all the answers

    Which of the following is NOT a requirement under the Food Act 1984 (Vic) relating to health regulations and standards?

    <p>Building permits (D)</p> Signup and view all the answers

    Which of the following is NOT a potential consequence of anti-competitive and unfair market practices under Trade Practices and Consumer Protection legislation?

    <p>Imposing fines (D)</p> Signup and view all the answers

    Which of the following is NOT considered a factor under the "Laws Relating to a New Business" section?

    <p>Food handling (C)</p> Signup and view all the answers

    What is the main purpose of the Environmental Protection Legislation?

    <p>To protect areas of environmental significance and prevent pollution (D)</p> Signup and view all the answers

    Which of the following is NOT a factor associated with "Employment Laws and Regulations"?

    <p>Minimum level of cleanliness (A)</p> Signup and view all the answers

    Which of the following factors falls under the Macro Environment? (Select all that apply)

    <p>Government regulations on waste disposal (B), Technological advancements in manufacturing (D)</p> Signup and view all the answers

    Which of the following is NOT considered a direct stakeholder in the Operating Environment?

    <p>Investors (B)</p> Signup and view all the answers

    What is the main difference between the Macro and Operating Environments?

    <p>The Macro Environment is composed of broad forces, while the Operating Environment is composed of specific stakeholders. (E)</p> Signup and view all the answers

    Which of the following is NOT a type of legal regulation that businesses in Australia need to comply with?

    <p>Social Media Usage (C)</p> Signup and view all the answers

    What is the purpose of a Tax File Number (TFN) for businesses?

    <p>To track and report income and expenses for tax purposes. (B)</p> Signup and view all the answers

    Why is it crucial for businesses to comply with taxation arrangements and legal regulations?

    <p>To avoid penalties and legal consequences. (D)</p> Signup and view all the answers

    What is the main reason for requiring businesses to obtain licenses and permits?

    <p>To ensure businesses meet minimum safety and quality standards. (B)</p> Signup and view all the answers

    What is the most likely impact of changes in the Macro Environment on a business's operations?

    <p>Changes in the demand for its goods or services. (C)</p> Signup and view all the answers

    Which of the following is NOT a factor that falls under the Operating Environment?

    <p>Government regulations on emissions. (E)</p> Signup and view all the answers

    How does a company's understanding of the Macro and Operating Environments contribute to its success?

    <p>By facilitating effective decision-making and risk management. (C)</p> Signup and view all the answers

    Flashcards

    Macro Environment

    Broad forces affecting business outside its control.

    Political Factors

    Laws and regulations impacting business operations.

    Economic Conditions

    Factors like inflation and interest rates affecting businesses.

    Technological Issues

    Changes in tools and processes affecting business efficiency.

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    Operating Environment

    External stakeholders directly impacting business operations.

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    Customers

    Individuals or organizations purchasing goods/services.

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    Suppliers

    Entities providing goods/services to the business.

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    Licenses and Permits

    Official permissions needed to operate a business legally.

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    Taxation Requirements

    Legal obligations for taxes based on business structure.

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    Corporate Social Responsibility

    Business commitment to ethical behavior and societal good.

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    ABLIS

    Australian Business License and Information Service for business compliance.

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    Health Regulations

    Rules under the Food Act 1984 (Vic) ensuring safe food handling.

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    Zoning

    Laws governing the use of land for businesses and activities.

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    Consumer Protection Laws

    Laws that ensure fair trade and protect consumers from fraud.

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    Trade Practices

    Regulations to promote competition and prevent unfair market practices.

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    Environmental Protection

    Laws that safeguard the environment across levels of government.

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    Employment Laws

    Regulations regarding employee rights and workplace standards.

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    Building Permits

    Legal permissions required for construction or modifications.

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    Food Handling Standards

    Guidelines for managing food safely in a business setting.

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    Fair Advertising Regulations

    Laws ensuring that marketing practices are truthful and not misleading.

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    Study Notes

    External Environments（外部環境）

    Businesses operate within an external environment, comprising both macro and operating components.

    The operating environment refers to outside factors like customers, competitors, suppliers, and lobby groups that interact with a company. The macro environment comprises broad societal and economic conditions including social attitudes, globalization, legal issues, the economy, politics, and technology

    • The macro environment encompasses broad forces, conditions, and trends influencing the economy and society.
    • Businesses have no direct control over macro factors like political policies, laws, societal attitudes, economic conditions, technology, global pressures, and corporate social responsibility issues.
    • The operating environment is composed of external stakeholders directly impacting business operations.
    • This includes customers, competitors, suppliers, and special interest groups (e.g., lobby groups, unions).
    • Businesses also have limited control over the operating environment.

    Macro Environment

    • The macro environment involves broad factors outside a business's direct control.
    • This encompasses political policies and regulations, societal attitudes and lifestyle choices, economic conditions (e.g., interest rates, inflation, exchange rates, wages), technological advancements, and global market pressures.
    • Additionally, corporate social responsibility issues are part of the macro environment.

    Operating Environment

    • The operating environment comprises external stakeholders directly impacting business operations.
    • These stakeholders include customers, competitors, suppliers, and various special interest groups such as lobby groups, unions, and business associations.

    Legal & Government Regulations

    • Australian jurisdictions impose various direct and indirect regulations on businesses.
    • Key examples include taxation, industrial relations, occupational health and safety (OHS) standards, equal opportunity and anti-discrimination laws, and trading laws.

    Taxation Arrangements

    • Businesses adhere to taxation requirements based on their legal structure in Australia.
    • This includes the Australian Business Number (ABN), Goods and Services Tax (GST), Tax File Number (TFN), and Pay As You Go (PAYG) income tax.

    Licenses and Permits

    • Different types of licenses and permits are required based on the industry and business type.
    • Information on these can be found through the Australian Business License and Information Service (ABLIS).
    • This includes permits for business setup, shopfront alterations, internal fit-outs, and signage.

    Laws Relating to a New Business

    • Various laws govern new businesses including health regulations related to food handling, trading hours, consumer protection, building permits, licenses, zoning, trade practices, signage, weights and measures, business registration, and ownership structure, copyright, and patents.

    Health Regulations & Standards

    • Relevant health regulations, like the Food Act 1984 (Vic), outline standards for food storage, kitchen layouts, employee clothing, food handling, and cleanliness. These are enforced by local governments responsible for food supply.

    Employment Laws & Regulations

    • Employment laws and regulations cover conditions of employment (e.g., leave, breaks, hours), unfair dismissal, dispute settlement, human rights and employer tax responsibilities, occupational health and safety (e.g., the Occupational Health and Safety Act 2004), and discrimination and equal opportunity (e.g., the Equal Opportunity Act 2010).

    Trade Practices, Consumer Protection

    • Consumer protection laws promote fair trade and competition, preventing anti-competitive, unfair market practices, and requiring minimum product safety standards, fair advertising, and consumer protection against faulty goods. These regulations also cover areas of labelling and product pricing.

    Environmental Protection Legislation

    • Federal, state, and local governments collaborate on environmental laws concerning significant environmental areas, air and water quality, and noise emissions. These strive to prevent pollution, damage to land, air, and water from business activities.

    Case Study: China's Airpocalypse

    • This example highlights the importance of considering environmental legislation and its impact when operating in a global context.

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    Related Documents

    External Environments PDF

    Description

    Explore the impact of external environments on business operations through this quiz. Understand the roles of macro and operating environments, and how they influence business decisions. Test your knowledge on factors that businesses cannot control, including societal, economic, and political elements.

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