CIPS
L3M1
Q1:
'The costs of business activities which are not reflected in the costing of a product or service and paid for by consumers, but which are borne by the wider community -- such as the costs of pollution and associated ill health, traffic congestion or environmental degradation' are known as:
○
A
Externalities○
B
Overheads○
C
Taxation○
D
Exclusions
CIPS
L3M1
Q2:
Which of the following would not be part of the not-for-profit sector?
○
A
Trade unions○
B
A religious organisation, such as a church or a mosque○
C
Professional bodies such as CIPS○
D
A local independent supermarket
CIPS
L3M1
Q3:
The study of population and population trends is called:
○
A
Demographics○
B
Demagoguery○
C
Hieroglyphics○
D
Topography
CIPS
L3M1
Q4:
Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?
○
A
Economic○
B
Environmental○
C
Political○
D
Ethical
CIPS
L3M1
Q5:
A market situation where there is only one supplier is called:
○
A
Oligopoly○
B
Imperfect competition○
C
Monopsony○
D
Monopoly