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CIPS L3M4 Exam - Topic 1 Question 1 Discussion

Thinking about PEST, or PESTEL, or STEEPLE; under which two headings would taxation most comfortably sit?
A) Economic and B) Political
C) Environmental
D) Legal
E) Demographic
F) Technical / tehnological
G) Social / socio-cultural
H) Ethical

CIPS L3M4 Exam - Topic 1 Question 1 Discussion

Actual exam question for CIPS's L3M4 exam
Question #: 1
Topic #: 1
[All L3M4 Questions]

Thinking about PEST, or PESTEL, or STEEPLE; under which two headings would taxation most comfortably sit?

Show Suggested Answer Hide Answer
Suggested Answer: A, B

The answer is political and economic.

The words used in the possible answers spell out STEEPLED which a later version of PEST, etc


by Glenna at Mar 16, 2024, 08:44 AM

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Juan
9 months ago
Totally agree with Economic and Political!
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Ahmed
9 months ago
Really? I thought it was more about Legal aspects.
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Carlton
10 months ago
Wait, isn't taxation also a social issue?
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Deonna
10 months ago
I think it fits best in Political and Legal.
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Rosalyn
10 months ago
Definitely under Economic and Political.
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Jeannetta
10 months ago
I keep mixing up the categories, but I guess it could also relate to Legal since tax laws are part of the legal framework, right?
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Tamekia
11 months ago
I remember a practice question where we discussed how taxation impacts businesses, so Economic seems like the right choice.
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Cheryl
11 months ago
I'm not entirely sure, but I feel like it could also be Political since tax policies are often influenced by government decisions.
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Barney
11 months ago
I think taxation fits best under Economic because it directly affects financial performance and consumer spending.
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Rory
11 months ago
Hmm, taxation is a tricky one. I think it could fit under both economic and political factors, as it's influenced by both the financial environment and government policies. I'll need to weigh the options carefully before answering.
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Kristeen
11 months ago
Easy peasy! Taxation is clearly an economic factor, as it directly impacts the financial landscape. And it's also a political factor, since tax policies are determined by the government. I'm feeling confident about this one.
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Jestine
11 months ago
Okay, let's see. Taxation is definitely an economic factor, as it impacts the financial environment. But it's also a political decision, so I'm going to go with both economic and political.
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Carolynn
11 months ago
Hmm, this is a tricky one. Taxation seems like it could fit under both economic and political factors, so I'll need to think this through carefully.
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Yan
11 months ago
I'm a bit confused on this one. Taxation seems like it could fit in a few different categories, but I'm not totally sure which two would be the best fit. I'll have to review my notes on PEST/PESTEL to make sure I get this right.
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Jennie
11 months ago
I'm a bit confused by the wording of the statements. I'll need to carefully read through each one and consider the implications.
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Una
2 years ago
Taxation has implications on both government decisions and economic conditions, making it a crucial element under Political and Economic categories in PEST analysis.
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Merissa
2 years ago
I can definitely see the connection to Social/socio-cultural factors, but I believe Economic and Legal headings are the most fitting for taxation.
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Herschel
2 years ago
I would argue that taxation is a key aspect under Political and Social/socio-cultural headings, as it involves government policies and societal impacts.
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Tish
2 years ago
I see where you're coming from with Legal, but I believe taxation is more closely related to Political and Economic factors.
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Silva
2 years ago
I agree with the Economic heading, but I also think it could fall under Legal.
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Stephen
2 years ago
I think taxation would most comfortably sit under Economic and Political headings.
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Lina
2 years ago
I think taxation could also be considered under social or socio-cultural factors, as it affects different segments of society differently.
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Sherell
2 years ago
That's a good point, Mitsue. Taxation could also be impacted by legal regulations.
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Mitsue
2 years ago
I see your point, but wouldn't taxation also be influenced by legal factors?
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Lourdes
2 years ago
I agree with Sherell. Taxation is definitely influenced by the economic conditions and political decisions.
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Sherell
2 years ago
I think taxation would most comfortably sit under the economic and political headings.
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