6. PEST

Question 1

Explain PEST acronym. What is it ?

Answer 1

Analysis of Political Economic Social Technological factors that influence business.

Question 2

What is political system ?

Answer 2

Groups, relations between them and rules they follow.
3 Ls- Global, national & regional.

Question 3

Sources of legal authorities (3). Give examples

Answer 3

Supranational- UN
National- government
Local-council

Question 4

How gov affects organisations?

What are 4 main areas of legislation?

Answer 4

Direct legislation and policy

Employee protection, data protection, consumer rights, H&S

Question 5

Reasons to dismiss employee

Answer 5

Not capable for job
Legal
Misconduct
Redundancy

Question 6

Employee rights when redundant

Answer 6

To consult
Notice period
Payment
Fairness

Question 7

Explain data protection (GDPR) 2018

Answer 7

Consent to use data must be given.
Right to access,update, erase.

Question 8

Data security - what are the risks, give example and way to prevent

Answer 8

Physical risk (flood) - staff training, back-ups, fire procedure

Human risk (fraud) -CCTV, passwords.

Question 9

Give examples of H&S measures from employee and employer.

Answer 9

Employers- provide safe environment, emergency plans

Employee- take care of own and others, cooperate.

Question 10

What are consumer rights regarding to goods (3) and service (3) ?

Answer 10

Goods must be:
Legally owned
Fit description
Not faulty

Services:
Completed at reasonable price, time & with care.

Question 11

What is simple contract? Whate are features of simple contract ? (4)

Answer 11

Legal agreement between 2 parties.

-Both parties agree
-Value for both
-capacity/legality