Business Environment Test

Result

Business Environment Test - 32

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

What is a financial and/or quantitative statement called which is prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective?

A
Statement of purpose

B
Mission statement

C
Operational allowance

D
Budget

Solution

Budget is a financial and/or quantitative statement called which is prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It is a statement which states the record of receipts and payments which are to be encurred or paid for the future happenings.
Question 2
1 / -0

Which of the following is not a part of Environmental factor?

A
Emphasis on safety

B
Energy available and costs,

C
Waste disposal,

D
Environmental legislation

Solution

Emphasis on safety is not a part of Environmental factor since it is not related directly to the environment. Emphasis on safety falls under the social factor since it includes values and practices.
Question 3
1 / -0

Which of the following does not characterize the business environment?

A
Uncertainty

B
Relativity

C
Employers

D
Complexity

Solution

Employer does not characterize the business environment. Employers fall under micro environmental factors. Employers help to recruit employee who perform the activities of the business organization.
Question 4
1 / -0

When we analyse the processes of change in the business environment, it, conceptualizing it as_________.

A
Complex

B
Static

C
Dynamic

D
Diverse

Solution

When we analyse the processes of change in the business environment it conceptualizing it as: Dynamic. Business environment keeps on changing weather in terms of technological improvement, shifts in consumer preferences or entry of new competition in the market.
Question 5
1 / -0

Environment scanning involves _________________.

A
Monitoring Govt. regulations

B
Monitoring Competitors

C
Monitoring supplier & client

D
Monitoring internal & external environment.

Solution

Environment scanning involves monitoring of monitoring 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.
Question 6
1 / -0

Buyers cannot exercise high bargaining power over their suppliers if ___________.

A
The volume they buy accounts for a large percentage of their supplier's sales

B
There are few buyers in the market

C
They have many suppliers to choose from

D
There is a high concentration of suppliers

Solution

Buyers cannot exercise high bargaining power over their suppliers if there is a high concentration of suppliers. Bargaining power of the buyer refers to the relative power of the buyer which he uses to influence sellers. In this situation, buyer have very less relative power to exercise on sellers.
Question 7
1 / -0

Which of the following is not a type of Environmental Scanning?

A
Passive Scanning

B
Active Scanning

C
Directed Scanning

D
Indirect Scanning

Solution

Indirect scanning is not a type of Environmental Scanning.
Environment Scanning is 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. It helps to improve the business organization's condition in the market. It helps to analyse threats and grab the opportunities at the earliest.
Question 8
1 / -0

Out of the following, the main sets of forces mostly affecting organizations are_____________________.

A
External stakeholders, management and staff.

B
Existing and potential competitors, suppliers, customers and substitute products or service.

C
General environmental factors, competitive forces, factors internal to the organisation and the interests of stakeholders

D
Government, competitors and consumers

Solution

The main sets of forces mostly affecting organizations are :-General environmental factors, competitive forces, factors internal to the organization and the interests of stakeholders.
These forces affect the business organization and the decisions taken by the organization greatly. Hence, one should consider all the forces while making the business' strategic plan to grab the opportunity and identify threats at the earliest.
Question 9
1 / -0

Industry analysis should include information on ________.

A
Market size of competitor's product

B
Growth rate of suppliers

C
New product entry

D
Economic conditions

Solution

Industry analysis should include information on economic conditions. All the activities of the industry gets directly or indirectly by the condition of the economy. Thus the analysis of the industrial activities is based on the economy related information.
Question 10
1 / -0

Which of the following is not a political factor that impacts external macro-environment?

A
Population growth rate,

B
Tax policy,

C
Government type and stability

D
Regulation and de-regulation trends

Solution

Population growth rate is not a political factor that impacts external macro-environment. It is a demographic feature. Population growth rate specifies the rate at which the population is increasing or decreasing.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Business Environment Test - 32

Result

Business Environment Test - 32

Score

-

Rank

-

SHARING IS CARING

Question 1

Statement of purpose

Mission statement

Operational allowance

Budget

Solution

Question 2

Emphasis on safety

Energy available and costs,

Waste disposal,

Environmental legislation

Solution

Question 3

Uncertainty

Relativity

Employers

Complexity

Solution

Question 4

Complex

Static

Dynamic

Diverse

Solution

Question 5

Monitoring Govt. regulations

Monitoring Competitors

Monitoring supplier & client

Monitoring internal & external environment.

Solution

Question 6

The volume they buy accounts for a large percentage of their supplier's sales

There are few buyers in the market

They have many suppliers to choose from

There is a high concentration of suppliers

Solution

Question 7

Passive Scanning

Active Scanning

Directed Scanning

Indirect Scanning

Solution

Question 8

External stakeholders, management and staff.

Existing and potential competitors, suppliers, customers and substitute products or service.

General environmental factors, competitive forces, factors internal to the organisation and the interests of stakeholders

Government, competitors and consumers

Solution

Question 9

Market size of competitor's product

Growth rate of suppliers

New product entry

Economic conditions

Solution

Question 10

Population growth rate,

Tax policy,

Government type and stability

Regulation and de-regulation trends

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.