Business Environment Test

Result

Business Environment Test - 23

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

Which one of the following is not a feature of business environment?

A
Dynamic nature

B
Image building

C
Uncertainty

D
Totality of external forces

Solution

The business environment is the environment in which a business functions and the factors of the environment that affect the operations of a business. Image building is not a part of the business environment as it is a process to build the image and not an environmental factor.
Question 2
1 / -0

Which of the following affects an individual enterprise?

A
General forces

B
Specific forces

C
Both (a) and (b)

D
None of these

Solution

Specific forces affects an individual enterprise. Specific forces affect a particular business. Specific forces of business environment includes investors, customers, competitors and suppliers.
Question 3
1 / -0

Who started the process of Liberalisation?

A
Yashwant Singh

B
Jashwant Singh

C
Manmohan Singh

D
Mahatma Gandhi

Solution

Liberalization refers to the removal of the restrictions typically an economic or political system. Liberalization was started by Manmohan Singh in the year 1991.
The reform of liberalization so put forth, removed the Licence Raj, reduced tariffs and interest rates and ceased various public monopolies, allowing foreign direct investment to flow in, in many sectors of Indian economy.
Question 4
1 / -0

Recruitment of public relations consultants are a part of _______.

A
operating environment

B
general environment

C
macro-environment

D
competitive environment
Question 5
1 / -0

The term "threat of entrants" as per Porters approach to industry analysis is ___________.

A
the possibility of an existing competitor capturing the entire market

B
the possibility of an existing competitor withdrawing from the market

C
the framework is a means of identifying the forces, which affect the level of competition in an industry or sector

D
none of the above

Solution

The term " threat of entrants" as per Porters approach to industry analysis is the framework is a means of identifying the forces, which affect the level of competition in an industry or sector. Porter classifies 5 competitive force in the business environment. Porter's five forces can be defined as a simple but powerful tool which help to understand the competitiveness. It also helps to formulate business strategy.
Question 6
1 / -0

The process of privatisation is where _______.

A
services that were previously supplied internally are outsourced

B
a company is transferred from public limited by closure of an enterprise

C
a state-owned or nationalised corporation is sold to the private sector through sale of equity

D
all of the above

Solution

The process of privatization is where:a) services that were previously supplied internally are outsourced
b) a company is transferred from public limited by closure of an enterprise
c) a state-owned or nationalized corporation is sold to the private sector through the sale of equity
Privatization can be defined as a process of transferring ownership or management of an enterprise from the public sector to the private sector. It helps to increase the size and dynamism of the private sector. It also helps to reduce administrative burdens on the public sector. Hence, option D is correct.
Question 7
1 / -0

Macro-environment is concerned with _____________.

A
socio-cultural and demographers

B
political and legal

C
technological

D
all of the above

Solution

Macro-environment refers to the general environment that can affect all the working conditions of the business. The main elements involved in this environment are PESTLE i.e. political, economic, social, technological, legal and environmental. Hence, it is concerned with all of the mentioned elements.
Question 8
1 / -0

'Age distribution' is a term related to _________.

A
culture factors

B
rsources factors

C
structure factors

D
social factors

Solution

Social factors of PESTLE Analysis
-culture of the society that an organization operates within
-dempgraphic
- age distribution
- population growth rates
- level of education
- distribution of wealth
- social classes, living conditions and lifestyle
Question 9
1 / -0

The careful monitoring of an organisation's internal and external environments for detecting early signs of opportunities and threats that my influence its current and future plans means _________.

A
Environment Scanning

B
Market Analysis

C
SWOT Analysis

D
PESTLE Analysus

Solution

Careful monitoring of an organization's internal and external environments for detecting early signs of opportunities and threats may influence its current and future plans.
Question 10
1 / -0

Analyzing processes of change in the business environment involves conceptualizing it as __________.

A
complex

B
static

C
dynamic

D
diverse

Solution

Dynamic conceptualizing is the analysis of the dynamic nature of the business environment and the trend in the environment to which a business can act on and gain business profits.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Business Environment Test - 23

Result

Business Environment Test - 23

Score

-

Rank

-

SHARING IS CARING

Question 1

Dynamic nature

Image building

Uncertainty

Totality of external forces

Solution

Question 2

General forces

Specific forces

Both (a) and (b)

None of these

Solution

Question 3

Yashwant Singh

Jashwant Singh

Manmohan Singh

Mahatma Gandhi

Solution

Question 4

operating environment

general environment

macro-environment

competitive environment

Question 5

the possibility of an existing competitor capturing the entire market

the possibility of an existing competitor withdrawing from the market

the framework is a means of identifying the forces, which affect the level of competition in an industry or sector

none of the above

Solution

Question 6

services that were previously supplied internally are outsourced

a company is transferred from public limited by closure of an enterprise

a state-owned or nationalised corporation is sold to the private sector through sale of equity

all of the above

Solution

Question 7

socio-cultural and demographers

political and legal

technological

all of the above

Solution

Question 8

culture factors

rsources factors

structure factors

social factors

Solution

Question 9

Environment Scanning

Market Analysis

SWOT Analysis

PESTLE Analysus

Solution

Question 10

complex

static

dynamic

diverse

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.