Business Environment Test

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Business Environment Test - 25

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Weekly Quiz Competition

Question 1
1 / -0

External environmental scanning includes scanning of _______.

A
technical strength of organisation

B
legal Environment

C
manpower

D
resources

Solution

External environmental scanning includes scanning of legal environment since legal environment does not depend on the internal activities of the business organization. Legal environment deals with the laws which the government make for the business organizations functioning in an economy.
Question 2
1 / -0

The Global Competitiveness Report (GCR) $$2016-2017$$ was released in September $$2016$$. Consider the following statements in context to the project
I.The report assessed the competitiveness landscape of $$140$$ economies
II. It was released by World Bank
III. Switzwerland topped the list

A
Only III

B
Only I and II

C
Only I and III

D
Only I, II and III
Question 3
1 / -0

Scanning at unconscious level is ________.

A
active

B
passive

C
directed

D
relative

Solution

Scanning at the unconscious level is passive. Passive scanning can be defined as a kind of spontaneous scanning at an unconscious level. In this type of scanning, no such effort is made to get the particular information.
Hence, option D is correct.
Question 4
1 / -0

In which of the following ways proper understanding of various aspects of business environment helps the business?

A
It enables the business to identify the areas for growth and expansion of their activities.

B
It helps the firms to analyze the competitor's strategies and formulate their own strategies accordingly in order to cope with the rapidly increasing competition.

C
Environmental understanding helps the business organizations in improving their image by showing their sensitivity to the environment within which they are working.

D
All of above

Solution

Business environment can be defined as the forces and institutions with which the businessman has to deal with to achieve its objectives. In general words, business environment is the surroundings in which the business exists. Following ways can help in proper understanding of various aspects of business environment which help in business:a) It enables the business to identify the areas for growth and expansion of their activities.
b) It helps the firms to analyze the competitor's strategies and formulate their own strategies accordingly in order to cope with the rapidly increasing competition.
c) Environmental understanding helps the business organizations in improving their image by showing their sensitivity to the environment within which they are working.
Question 5
1 / -0

Which of the following statement is TRUE?
(1)Environment refers to all forces, which have a bearing on the functioning of business.
(2)Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.

A
(1) only

B
(2) only

C
Both (1) and (2)

D
Neither (1) nor (2)

Solution

The framework within which the organizations exist is known as business environment All the elements of the business environment affects the organization directly or indirectly. Following statements are true:
(1)Environment refers to all forces, which have a bearing on the functioning of business.
(2)Success of every business depends on adapting itself to the environment within which it functions.
Question 6
1 / -0

Which of the following contains the owner of the business, the shareholders, the managing director,the non-managers, employees, the customers,the infrastructure of the business organization, and the culture of the organization?

A
Internal environment

B
External environment

C
Outside environment

D
All of above

Solution

The internal environment contains the owner of the business, the shareholders, the managing director, the non-managers, employees, the customers, the infrastructure of the business organization, and the culture of the organization. The internal environment of an organization contains those elements which get affected by the organization.
Hence, option (A) is the correct answer.
Question 7
1 / -0

Which e-commerce company launched its global startup program "Launch pad" in India?

A
Flipkart

B
Amazon

C
Alibaba

D
eBay
Question 8
1 / -0

Environmental factors may be
A. Internal
B. External
Select the correct answer from the options given below.

A
Neither A nor B

B
B only

C
Both A and B

D
A only

Solution

Business environment can be defined as the forces and institutions with which the businessman has to deal with to achieve its objectives. In general words, business environment is the surroundings in which the business exists. Environmental factors may be both:
A. Internal
B. External.
Question 9
1 / -0

The internal factors that contribute to the business environment is/are:
1.Research and Development
2.Company Image
3.Brand Equity
4.Value System
Select the correct answer from the options given below.

A
1, 2 & 3 only

B
2, 3 & 4 only

C
2 & 4 only

D
4, 3 ,2 , 1

Solution

The internal factors that contribute to the business environment are:
1.Research and Development
2.Company Image
3.Brand Equity
4.Value System
Internal factors affect the business organization directly. All the decisions regarding the internal factors are taken by the organization itself.
Question 10
1 / -0

Which of the following is nature of the business environment?
(i) Multifaceted
(ii) Uncertain
(iii) Dynamic
Select the correct answer from the options given below.

A
(i) & (ii)

B
(ii) & (iii)

C
(i) & (iii)

D
(i), (ii) & (iii)

Solution

Business environment can be defined as the forces and institutions with which the businessman has to deal with to achieve its objectives. In general words, business environment is the surroundings in which the business exists. Nature of the business environment are: (i) Multifaceted
(ii) Uncertain
(iii) Dynamic.

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 25

Result

Business Environment Test - 25

Score

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Rank

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SHARING IS CARING

Question 1

technical strength of organisation

legal Environment

manpower

resources

Solution

Question 2

Only III

Only I and II

Only I and III

Only I, II and III

Question 3

active

passive

directed

relative

Solution

Question 4

It enables the business to identify the areas for growth and expansion of their activities.

It helps the firms to analyze the competitor's strategies and formulate their own strategies accordingly in order to cope with the rapidly increasing competition.

Environmental understanding helps the business organizations in improving their image by showing their sensitivity to the environment within which they are working.

All of above

Solution

Question 5

(1) only

(2) only

Both (1) and (2)

Neither (1) nor (2)

Solution

Question 6

Internal environment

External environment

Outside environment

All of above

Solution

Question 7

Flipkart

Amazon

Alibaba

eBay

Question 8

Neither A nor B

B only

Both A and B

A only

Solution

Question 9

1, 2 & 3 only

2, 3 & 4 only

2 & 4 only

4, 3 ,2 , 1

Solution

Question 10

(i) & (ii)

(ii) & (iii)

(i) & (iii)

(i), (ii) & (iii)

Solution

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