UNIVERSITY OF BOLTON
REGENT COLLEGE LONDON
BSc (HONS) BUSINESS MANAGEMENT
SEMESTER 2, EXAMINATION 2022/2023
BUSINESS ENVIRONMENT
MODULE NO: BMP4003
Exam Paper Release Date & Time: Saturday 18 March 2023 at 10:00am
Submission Cut-off Date & Time: Sunday 19 March 2023 at 10:00am
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INSTRUCTIONS TO CANDIDATES: There are TWO sections on this
paper.
Answer both sections.
This examination is 24 hours.
Please submit answer booklet
through Turnitin.
This is a Take-Home examination.
You must submit your MS Words
electronic answer booklet via
Turnitin.
Page 2 of 3
BSc (Hons) Business
Semester 2 Examination 2022-2023
Business Environment
Module No. BMP4003
Section A
There are 8 ‘short answer’ questions, you need to answer only 5 of them. You can
choose any 5 questions out of these 10 questions. All questions are worth equal marks
(10×5=50 marks)
1) Explain how an efficient fiscal policy can affect the economy.
2) Explain methods and routes in which a government may use to promote economic
growth
3) Identify and briefly explain the main effects of increasing interest rate on the
economy?
4) What are the main effects of increasing interest rates on the economy?
5) How changes in income tax affect the demand and supply in the economy? Use
examples to illustrate your answer.
6) Discuss the main policies that the government can use to control unemployment?
7) What is meant by the term ‘Economic Cycle’? please explains illustrate different
stages of this cycle.
8) Draw and explain what happens in a circular flow of income?
Section B
Answer any two questions from the following, all questions are worth equal marks
(25×2=50 marks)
1) Discuss and explain the macroeconomic effects ‘Brexit’ has had on the UK
economy.
(25 Marks)
2) What is meant by ‘Sustainability’ in economy? Explain how an economy can
achieve sustainable growth? What are the challenges to achieve this target?
(25 Marks)
3) Compare and analyse the main differences between Monopoly and Perfect
Competition. Please explain the limitations and merits of each method and provide
industry examples for both structures.
(25 Marks)
Page 3 of 3
BSc (Hons) Business
Semester 2 Examination 2022-2023
Business Environment
Module No. BMP4003
The End