Business Evinronemnt & STEEPLE / PEST Analysis | Baamboozle - Baamboozle

ORASCOM'S IPO, which helped the company raise more than LE 50 billion, is a statement showing a corporation's superiority in retaining its profits.

False; in acquiring funds.

Mariam is a finance specialist and Jana majored in marketing. Both decided to team up with Farah, who graduated with a concentration in HR, in order to start their own business. Why would the 3 girls opt to do so?

They can combine their knowledge and skills and each one has limited resources, so they may have trouble expanding.

Nadine was only liable for the LE 500,000 she had invested in the business, therefore, when the business faultered, she didn't have to pay from her personal money. What type of partner is Nadin? a)General Partner b)Limited Partner

Limited Partner

If Microsoft got charged with a cyber infringement suit, who would be held responsible? a)Bill Gates b)Microsoft

Microsoft; because it is a corporation (separate legal entity).

T/F: You should analyze both internal and external business environments because each environmental factor has a different effect on your business.

True.

T/F: Ownership of a corporation can only transferred through the buying and selling of stocks.

True.

Okhtein Sisters decided to open a business where they share everything 50/50. What type of partnership is this? a)General Partnership b)Limited Partnership

a)General Partnership

KFC, McDonald's & Pizza Hut are all examples of a: a)Franchises b)Cooperatives C)Joing Ventures D)Syndicates

Franchises.

The set of values, beliefs, behaviors, customs, and attitudes that helps the members of the organization understand what it stands for is called______.

Culture.

Political and legal are main dimensions in the business internal environment.

False.

Commercial organizations are organizations that operate for other purposes than for profits..

False. Commercial organizations operate for profits.

T/F: Maintaining a healthy business environment is important for a business to achieve profits.

True.

After closing a deal with a huge client, Mariam felt gutted. She only wished she was the sole owner of the business. Why do you think Mariam was gutted?

She must share the profits with her partner.

Because she was afraid the business would close after her death, Nourhan decided not to open the restaurant of her dreams. What type of business form does this example mostly likely represent?

Sole Proprietorship

T/F: When analyzing the "ethical" factor of the STEEPLE Analysis, one could ask: "Are there consumer protection laws?."

True

Jana was teaching in Egypt until recently, when she decided to return to USA after a new law was enforced compelling all famale teachers to wear headscarfs. Which Environmental factor is that ?

Legal

For which of the following types of business do you think a sole proprietorship firm of organization would be more suitable, and why? Grocery store Medical store Legal consultancy Craft center Internet café

Internet Cafe (small scale, limited risks)

If the country is borrowing money, the value of its currency is low and the unemployment rate is low, this analysis involves _________________ environmental factors? Political, social, economic

Economic

T/F: STEEPLE Analysis identifies factors that occur within the organization.

False; external.

Would you say that the depreciation of the Egyptian currency was caused by changes in the Political, Economic or Legal Environments?

Economic