Business and the Political Environment (AQA A-Level Business): Quizzes

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Business and the Political Environment
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What does the Enterprise Investment Scheme offer to encourage investment in small businesses?

Tax incentives

How much does the Employment Allowance reduce a business's National Insurance bill annually?

£2,000

What were the primary aims of privatising state-owned firms in the 1980s?

Improve efficiency & enable profit

Why must the government regulate privatised natural monopolies like railways?

To prevent exploitation by owners

What is Ofwat's key function in regulating the water industry?

Setting limits on customer charges

What does the UK's infrastructure consist of?

Transport networks, pipes & wires

What does the UK Guarantees scheme do for infrastructure projects?

Reduces risk for private investors

How does the EU Emissions Trading System encourage greener processes?

Companies can sell unused allowances

What effect do tariffs have on international trade?

Discourage trade

What trade benefit has the UK gained from EU membership since 1973?

No quotas or tariffs within EU

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