Business Environment Quiz-3

Business Environment Quiz-3

Quiz

 

1. Which element of business environment is shaped by beliefs and customs of people?
   1.   Legal Environment
   2.   Economic Environment
   3.   Political Environment
   4.   Social Environment
2. Gross Domestic Product is concerned with
   1.   Political environment
   2.   Economic environment
   3.   Legal environment
   4.   Social environment
3. Assertion [A]: Different elements of the business environment are closely interrelated.
   Reason [R]: Business environment is a relative concept since it differs from country to country and even region to region.
   1.   Both Assertion [A] and reason [R] are true and Reason [R] is correct explanation of Assertion [A].
   2.   Both Assertion [A] and Reason [R] are true and Reason [R] is not the correct explanation of Assertion [A].
   3.   Assertion [A] is true but Reason [R] is false.
   4.   Assertion [A] is false but Reason [R] is true.
4. Introduction of mobile phone have negatively affected the business of watches and cameras" Which factor of business environment is related with the sentence.
   1.   Technological environment
   2.   Social environment.
   3.   Political environment
   4.   Legal environment
5. Which of the following has got the First Mover Advantage?
   1.   Asian Paints
   2.   Nerolac
   3.   Maruti Udyog
   4.   Maruti Udyog
6. The business environment can be divided into two types:
   1.   Internal and external
   2.   Micro and macro
   3.   Positive and negative
   4.   Static and dynamic
7. The business environment is important because it:
   1.   Can affect the company's ability to survive and succeed
   2.   Can provide opportunities for the company to grow and expand
   3.   Can pose threats to the company's success
   4.   All of the above
8. Increasing trend towards E-Commerce is an example of
   1.   Economic Environment
   2.   Legal Environment
   3.   Social Environment
   4.   Technological Environment
9. External factors in the business environment are those that:
   1.   Are within the control of the company
   2.   Can have a positive or negative impact on the company
   3.   Are outside the control of the company
   4.   Are always changing
10. ‘The increase in the demand for many Ayurvedic medicines, Health products and services in the past few months, is related to the need for building immunity and an increased awareness for heath care due to the spread of Corona virus’. Identify the feature of business environment being discussed above.
    1.   Specific and general forces
    2.   Interrelatedness
    3.   Relativity
    4.   None of the above.
11. Which of the following is a component of economic environment?
    1.   Concern with quality life
    2.   Rates of saving and investment.
    3.   Extent of government intervention in business.
    4.   Birth and Death rates.
12. ‘Infosys decides to open schools for lesser privileged children’ is an example of ________.
    1.   Economic
    2.   Political
    3.   Legal
    4.   Social
13. Which of the following is not an element component of social environment?
    1.   Birth and Death rates.
    2.   Constitution of the country.
    3.   Population shifts.
    4.   Life expectancy.
14. Scanning of the business environment helps to identify
    1.   Opportunities
    2.   Threats
    3.   Both of the above
    4.   None of the above.
15. When did the government of India made an announcement regarding demonetisation of 500 and 1,000 currency notes?
    1.   November 8, 2016
    2.   November 9, 2016
    3.   November 7, 2016
    4.   November 5, 2016
16. In order to solve economic problem of our country, the government took several steps including control by the state of certain industries, central planning and reduced importance of the private sector. Which dimension of business environment is discussed here?
    1.   Economic environment.
    2.   Political environment
    3.   Both of the above
    4.   Legal environment
17. Which of the following is not a benefit of demonetization in India?
    1.   Control over corruption
    2.   counterfeiting the use of high denomination notes for illegal activities
    3.   Control on black money
    4.   More demanding customers
18. ‘Beti Bacho Beti Padho Yojana’ started by the government of India is a part of _________.
    1.   Economic Environment
    2.   Political Environment.
    3.   Social Environment
    4.   Technological Environment
19. Assertion [A]: Totality of external forces is an important feature of the business environment.
    Reason [R]: Business environment is the sum total of all things external to business organizations and ,as such, is aggregative in nature.
    1.   Both Assertion [A] and reason [R] are true and Reason [R] is correct explanation of Assertion [A].
    2.   Both Assertion [A] and Reason [R] are true and Reason [R] is not the correct explanation of Assertion [A].
    3.   Assertion [A] is true but Reason [R] is false.
    4.   Assertion [A] is false but Reason [R] is true.
20. Statutory warning of Cigarette smoking is injurious to health on the cigarette packet is an example of :
    1.   Legal Environment
    2.   Economic Environment
    3.   Social Environment
    4.   Political Environment