Business Environment Test

Result

Business Environment Test - 31

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Weekly Quiz Competition

Question 1
1 / -0

The important routes of privatization are _______.

A
Privatization of management, using leases and management contracts

B
Privatization of ownership, through the sales of equality

C
Franchising-authorizing the delivery of certain services in designated geographical areas

D
All of the above

Solution

Privatization refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The important routes of privatization are:a) privatization of management, using leases and management contracts
b) privatization of ownership, through the sales of equalityc) franchising-authorizing the delivery of certain services in designated geographical areas
Question 2
1 / -0

In which type of environmental scanning, ad hoc decisions are made?

A
Passive Scanning

B
Active Scanning

C
Directed Scanning

D
None of the above

Solution

Passive scanning helps to take the ad hoc decisions. Ad hoc decisions refer to those decisions which are taken in case of emergencies. Passive scanning is also known as ongoing scanning which takens place unconsciously in the organization.
Question 3
1 / -0

What does 'L' signify in environment scanning tool - PESTLE?

A
Legal

B
Logical

C
Legitimate

D
Language

Solution

PESTLE analysis is a useful tool for understanding the big picture of the environment in which an entrepreneur is planning to operate.PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental.
Question 4
1 / -0

The process of eliminating unnecessary controls and restrictions on the smooth functioning of a business enterprise is known as ________.

A
Liberalisation

B
Globalisation

C
Privatisation

D
None of the above

Solution

Liberalization has resulted in easy entry of foreign business organization. Liberalization refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.
Question 5
1 / -0

Liberalisation has resulted in ____________ of foreign business organization.

A
easy exit

B
easy entry

C
difficult entry

D
none of the above

Solution

Liberalization has resulted in easy entry of foreign business organization. Liberalization refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.
Question 6
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

Image building is not a feature of business environment. It is one of the importance of the business environment.. Environmental understanding helps the business organization in improving their image by showing their sensitivity to the environment.
Question 7
1 / -0

___________ was set up to channel foreign capital investment in India.

A
SEBI

B
WTO

C
NAFTA

D
FIPB

Solution

FIPB was set up to channel foreign capital investment in India. FIPB stands for Foreign Investment Promotion Board. It is an agency of the Government of India.
Question 8
1 / -0

Which of the following is an environmental scanning tool?

A
PENTLE

B
PINTLE

C
PESTLE

D
PANTLE

Solution

PESTLE analysis is a useful tool for understanding the big picture of the environment in which an entrepreneur is planning to operate.PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental.
Question 9
1 / -0

PESTLE analysis is a useful tool for understanding the 'big picture' of the ________ in which an entrepreneur is planning to operate.

A
Environment

B
Strategy

C
Position

D
Marketing proposition.

Solution

PESTLE analysis is a useful tool for understanding the big picture of the environment in which an entrepreneur is planning to operate.PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental.
Question 10
1 / -0

Environment scanning involves monitoring of _______.

A
Monitoring Govt. regulations

B
Monitoring Competitors

C
Monitoring supplier & client

D
Monitoring internal & external environment

Solution

Environment scanning involves monitoring of the internal and external environment. The careful monitoring of an organization's internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans means environment scanning.
Hence option (D) is the correct answer.

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Business Environment Test - 31

Result

Business Environment Test - 31

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SHARING IS CARING

Question 1

Privatization of management, using leases and management contracts

Privatization of ownership, through the sales of equality

Franchising-authorizing the delivery of certain services in designated geographical areas

All of the above

Solution

Question 2

Passive Scanning

Active Scanning

Directed Scanning

None of the above

Solution

Question 3

Legal

Logical

Legitimate

Language

Solution

Question 4

Liberalisation

Globalisation

Privatisation

None of the above

Solution

Question 5

easy exit

easy entry

difficult entry

none of the above

Solution

Question 6

Dynamic nature

Image building

Uncertainty

Totality of external forces.

Solution

Question 7

SEBI

WTO

NAFTA

FIPB

Solution

Question 8

PENTLE

PINTLE

PESTLE

PANTLE

Solution

Question 9

Environment

Strategy

Position

Marketing proposition.

Solution

Question 10

Monitoring Govt. regulations

Monitoring Competitors

Monitoring supplier & client

Monitoring internal & external environment

Solution

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