Lesson 3.13.1

3.13.1 Social factors Quiz: OCR Business, Unit 3

20 questions

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Lesson 3.13.1, Social factors: 20 multiple choice questions for the OCR Business (H431), Unit 3: External influences, written with Revision Ninja.

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The 20 questions

  1. Which social factor refers to the age, gender, and ethnic structure of a population?

    • Geographics
    • Corporate culture
    • Macroeconomics
    • Demographics
  2. What is a likely impact on businesses of an ageing UK population?

    • Reduced care demand
    • Increased healthcare demand
    • Higher youth sales
    • Lower pension costs
  3. What term describes moral guidelines that influence a firm's decision-making process?

    • Business ethics
    • Market strategy
    • Financial audit
    • Legal compliance
  4. Which practice ensures producers in developing countries receive a guaranteed fair price?

    • Tariff protection
    • Fairtrade certification
    • Export subsidisation
    • Free market trading
  5. What term describes the transition towards technology-driven, interconnected global economic activities?

    • Economic downturn
    • Industrial stagnation
    • Analogue transition
    • Digital revolution
  6. What is the main advantage of automated production for a manufacturing business?

    • Higher error rates
    • Greater labour dependency
    • Higher operational efficiency
    • Increased unit costs
  7. What social trend is driving increased demand for plant-based food products?

    • Healthier lifestyle choices
    • Rising interest rates
    • Increased inflation
    • Higher import tariffs
  8. How does business ethics fundamentally differ from business law?

    • Ethics is optional
    • Ethics carries fines
    • Law is informal
    • Law is optional
  9. A gym chain expands off-peak classes due to flexible working trends. Which factor is this?

    • Political factor
    • Economic factor
    • Social factor
    • Legal factor
  10. A toy maker targets single-parent households due to rising divorce rates. What changed?

    • Household demographic
    • Technological hardware
    • Corporation tax
    • Interest rate
  11. A fashion retailer stops using suppliers using child labour. What is the main driver?

    • Capacity utilisation
    • Financial liquidity
    • Ethical considerations
    • Economies of scale
  12. A high street bookshop launches a transactional mobile app. What trend is it adapting to?

    • Protectionist trade
    • E-commerce growth
    • De-skilling workforce
    • Physical expansion
  13. A supermarket introduces self-service checkouts to reduce staff costs. What type of factor is this?

    • Social factor
    • Technological factor
    • Environmental factor
    • Ethical factor
  14. A coffee shop switches to compostable cups after customer demand shifts. What drove this?

    • Fiscal policy
    • Social values
    • Exchange rates
    • Monetary policy
  15. A business publishes an annual sustainability report voluntarily. What is this practice called?

    • Financial accounting
    • Social auditing
    • Asset stripping
    • Tax avoidance
  16. A taxi firm loses market share to an app-based ride service. What risk caused this?

    • Higher exchange rate
    • Disruptive technology
    • Demographic decline
    • Inflationary pressure
  17. Why might a traditional retailer struggle most to adapt to changing social shopping habits?

    • Low brand loyalty
    • High fixed overheads
    • High price elasticity
    • Excessive liquidity
  18. What is a key financial drawback for a business adopting strict ethical trading methods?

    • Higher production costs
    • Decreased brand value
    • Reduced customer trust
    • Lower product quality
  19. Which group of stakeholders is most directly threatened by rapid technological automation in manufacturing?

    • Company shareholders
    • Executive directors
    • External auditors
    • Unskilled factory workers
  20. Which social trend drives increased demand for single-portion meal packaging?

    • Decreasing life expectancy
    • Falling female employment
    • Increasing birth rates
    • Rising single-person households

All OCR Business quizzes