Key terms and things for the Exam

Question 1

What is a supply chain?

Answer 1

A network between a company and its suppliers to produce and distribute a specific product to the final buyer; it includes different activities, people, entities, information and resources.

Question 2

What does BOLTSS stand for?

Answer 2

Border
Orientation
Legend
Title
Scale
Source

Question 3

What is internet used for?

Answer 3

Information and communication technologies are used to connect people to information, services and people in other places.

Question 4

Why are there limitations of internet in Rural Australia?

Answer 4

Lack of Infrastructure
Lack of Demand
Lack of Service

Question 5

Is there any internet out in Rural Australia?

Answer 5

Yes, there is but it is limited, in Mimbi there is only one certain spot which is out on the road.

Question 6

What are some daily activity examples that would be impacted with no internet?

Answer 6

No social media, No online games/entertainment, No online shopping, can’t call anyone-risk of injury, no ‘work from home’, No news, affects schooling, No goggle, No google maps-can’t go anywhere

Question 7

What are the three things that are impacted when increasing and decreasing things?

Answer 7

Social, Environmental and Economic

Question 8

What happens when a supply chain is interrupted?

Answer 8

The process of goods and services being delivered is interrupted; therefore companies and customers won’t get the product they are after.

Question 9

What do you use for graphing?

Answer 9

SALTS

Question 10

What is SALTS?

Answer 10

Source, Axis, Legend, Title, Scale

Question 11

What is GDP?

Answer 11

The Gross Domestic Product is the total of all value created in an economy. The value added means = value of goods and services produced - value of goods and services needed to produce them.

Question 12

What is High GDP?

Answer 12

More economically developed country.

Question 13

What is Low GDP?

Answer 13

Less economically developed country.

Question 14

What does IPQE stand for?

Answer 14

Identify
Pattern
Quantify
Exception

Question 15

What was a short-term impact of the Suez canal being blocked?

Answer 15

No other boats could get through the river, passengers would get inpatient, angry and stressed.

Question 16

What was a long-term impact of the Suez canal being blocked?

Answer 16

Packages weren’t being delivered, which makes customers angry and companies not receiving money.

Question 17

What is trade?

Answer 17

Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money.

Question 18

What are goods and services?

Answer 18

Goods are items that are usually tangible such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include architects doctors, teachers, dentists, etc.

Question 19

What is a TNC?

Answer 19

A Transnational Corporation

Question 20

What does a TNC do?

Answer 20

It’s an enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country. It sets up factories in LEDCS countries as land and Labor are cheaper there.

Question 21

What is an example of a TNC?

Answer 21

Apple, Nike, Microsoft, Amazon

Question 22

What is an import?

Answer 22

Goods coming IN to the country, that were produced or manufactured in another country.

Question 23

What is an export?

Answer 23

Goods that are going OUT of the country, that were produced or manufactured there.

Question 24

What is an example of Australia’s exports?

Answer 24

Mineral Fuels, Cereals, Meat, Salt, Oil seeds

Question 25

What is an example of Australia's imports?

Answer 25

Mineral Fuels, Machinery, Vehicles, Furniture

Question 26

Where and why are clothes manufactured in certain places around the world?

Answer 26

They are made here as they have more resources and factories to produce these items, E.g. China, Vietnam, Bangladesh

Question 27

What are the social, effects of the apparel industry and fast fashion?

Answer 27

Poor working conditions, health risks, disposable culture, social pressure and trends

Question 27

What are economical effects of the apparel industry and fast fashion?

Answer 27

Employment opportunities, boost to retail and economy, displacement of small businesses

Question 28

What are environmental effects of the apparel industry and fast fashion?

Answer 28

Waste, chemical pollution, high emissions, resource depletion, overuse of water resources

Question 29

What does REEF stand for?

Answer 29

Relationship Explanation Evidence Freak

Question 30

Who are the Inuit people?

Answer 30

The Inuit are Indigenous people, and majority of whom inhabit the northern regions of Canada.

Question 31

Where are the Inuit people?

Answer 31

There are more than 125,000 Inuit belonging to about 40 different ethnic groups living in an enormous area that includes parts of Alaska (United States), Canada, Greenland (Denmark) and Russia.

Question 32

What languages do the Inuit people speak?

Answer 32

While the primary language of communication for Inuit people in Greenland is Greenlandic, tourists will find that Danish and English are also commonly used to bridge language gaps, particularly in tourist-focused regions.

Question 33

What are positive impacts of tourism, locally?

Answer 33

Economic benefits, Cultural exchange, Infrastructure development, Environmental conservation

Question 34

What are negative impacts of tourism, locally?

Answer 34

Environmental damage, Cultural erosion, Social issues, Over crowding

Question 35

What are positive impacts of tourism globally?

Answer 35

Global economic growth, Cultural exchange and global understanding,

Question 36

What is the saying that is used for the X and Y axis for the GDP and minimum wage?

Answer 36

You can crawl before you can walk.