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
-
Which social factor refers to the age, gender, and ethnic structure of a population?
- Geographics
- Corporate culture
- Macroeconomics
- Demographics
-
What is a likely impact on businesses of an ageing UK population?
- Reduced care demand
- Increased healthcare demand
- Higher youth sales
- Lower pension costs
-
What term describes moral guidelines that influence a firm's decision-making process?
- Business ethics
- Market strategy
- Financial audit
- Legal compliance
-
Which practice ensures producers in developing countries receive a guaranteed fair price?
- Tariff protection
- Fairtrade certification
- Export subsidisation
- Free market trading
-
What term describes the transition towards technology-driven, interconnected global economic activities?
- Economic downturn
- Industrial stagnation
- Analogue transition
- Digital revolution
-
What is the main advantage of automated production for a manufacturing business?
- Higher error rates
- Greater labour dependency
- Higher operational efficiency
- Increased unit costs
-
What social trend is driving increased demand for plant-based food products?
- Healthier lifestyle choices
- Rising interest rates
- Increased inflation
- Higher import tariffs
-
How does business ethics fundamentally differ from business law?
- Ethics is optional
- Ethics carries fines
- Law is informal
- Law is optional
-
A gym chain expands off-peak classes due to flexible working trends. Which factor is this?
- Political factor
- Economic factor
- Social factor
- Legal factor
-
A toy maker targets single-parent households due to rising divorce rates. What changed?
- Household demographic
- Technological hardware
- Corporation tax
- Interest rate
-
A fashion retailer stops using suppliers using child labour. What is the main driver?
- Capacity utilisation
- Financial liquidity
- Ethical considerations
- Economies of scale
-
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
-
A supermarket introduces self-service checkouts to reduce staff costs. What type of factor is this?
- Social factor
- Technological factor
- Environmental factor
- Ethical factor
-
A coffee shop switches to compostable cups after customer demand shifts. What drove this?
- Fiscal policy
- Social values
- Exchange rates
- Monetary policy
-
A business publishes an annual sustainability report voluntarily. What is this practice called?
- Financial accounting
- Social auditing
- Asset stripping
- Tax avoidance
-
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
-
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
-
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
-
Which group of stakeholders is most directly threatened by rapid technological automation in manufacturing?
- Company shareholders
- Executive directors
- External auditors
- Unskilled factory workers
-
Which social trend drives increased demand for single-portion meal packaging?
- Decreasing life expectancy
- Falling female employment
- Increasing birth rates
- Rising single-person households
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