Business Environment Test

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Business Environment Test - 36

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Weekly Quiz Competition

Question 1
1 / -0

Wages are paid to __________.

A
blue collar worker

B
white collar worker

C
both (a) and (b)

D
none of these

Solution

b'Wages are paid to blue collar worker. A blue collar worker is a working class of a person who performs manual labor which may or may not involve skills in manufacturing like mining, sanitation etc. The regular payment made to these workers are known as wages. '
Question 2
1 / -0

Which among the followings is not a technique of conflict resolution?

A
Problem solving

B
Smoothing

C
Personnel counselor

D
Compromise

Solution

Conflict resolution refers to the method of solving conflict between two or more individual, group of association or organisation that was aroused as a consequences of some action through some specified measures. Personal counselling refers to solving the problem of oneself with the help of an individual having expertise in such a profession. Therefore, personal counselling is not a technique of conflict resolution.
Question 3
1 / -0

Who has written the book "Emotional Intelligence"?

A
Daniel Goleman

B
Howard Gardener

C
Robert Thomdike

D
Salovey

Solution

"Emotional Intelligence" is a book written by Daniel Goleman in 1995 where he compared Emotional Intelligence with IQ of a person and stated that emotional intelligence is as important as a person's IQ for achieving success in academic, professional, and interpersonal aspects of life,
Question 4
1 / -0

Piecemeal sale of the assets of a division of the company is called ___________.

A
Modernization

B
Diversification

C
Both a and b

D
None of these

Solution

b'Piecemeal sale of the assets of a division of the company is called modernization. Modernization of a company refers to the sale of the assets of the company from a division on a piecemeal basis where the assets are sold in an unsystematic manner through partial means over a period of time to modernize the conduct of business by upgrading it through purchase of new assets. '
Question 5
1 / -0

Sale of public enterprises to private sector is called __________.

A
Globalisation

B
Privatization

C
Liberalization

D
None of the above

Solution

Privatization refers to giving a greater role to the private sector and reducing the role of the public sector through disinvestment of the public sector and dilution of a stake of the government. Privatization results in better economic development due to more resources from the private sector, better management due to high competition in the private sector, and encouragement of entrepreneurial skills into the individual.
Hence, option (B) is the correct answer.
Question 6
1 / -0

Which type of structure of organisation will be preferred in stable, abundant and simple environment?

A
Boundary less organisation

B
Organic model

C
Mechanistic model

D
Virtual organisation

Solution

b'Organic model of structure of organization will be preferred in stable, abundant and simple environment. Organic model of structure refers to extremely flat reporting structure where the span of control of the typical managers encompasses a large number of employees and communication line is horizontal between the employees rather than vertical which denotes decentralization in the organization which is well suited for firms in stable, abundant and simple environment. '
Question 7
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

Environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. There are two types of environment according to its origin :-

1. Internal Environment: These are the forces that originates inside the organisation and affects the business operations directly and the businessman has partial control over these forces. It includes shareholders, customers, employees of the company etc.

2. External Environment: These are the forces that originates outside the organisation and affects the business operations indirectly and the businessman has no control over these forces. It includes social environment, political environment etc.
Question 8
1 / -0

Environment can be forces of _______apart from internal forces of the organization.

A
Economic factors

B
Social factors

C
Political factors

D
Economic, social, political and technological factors

Solution

b'Environment can be forces of economic, social, political and technological factors apart from internal forces of the organization.Environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. It includes economic, social, political and technological factors that indirectly affects the conduct of a business apart from the internal forces of the organization. '
Question 9
1 / -0

Which of the following are among the 14 principles of management in the class management work of Henri Fayol?
1. Personnel tenure
2. Unity of command
3. Core competence
4. Scalar chain
Select the correct answer using the code given below:

A
only 1, 2 and 3

B
only 2 and 4

C
only 1 and 3

D
1, 2, 3 and 4

Solution

Unity of command and scalar chain are the two principles among the 14 principles given by Henri Fayol. These principle means:
1. Unity of command: The principle states that a subordinate should be directed and guided by a single superior and should take order from him only because if subordinate takes order from two or more superiors at a time then he is tend to get confused in the process and his working efficiency would decrease.
2. Principle of scalar chain: This principle states that an organisation should follow a strict chain of communication to pass messages from one department to the other or from one level of management to the other so that no message in overhead or missed by any manager in the organisation.
Question 10
1 / -0

Which of the following statement is TRUE?
(1) Environmental 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

Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. The success of every business depends on the adapting itself to the relevant business environment within the range of its function so that it can achieve its organisational objectives.

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 36

Result

Business Environment Test - 36

Score

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Rank

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SHARING IS CARING

Question 1

blue collar worker

white collar worker

both (a) and (b)

none of these

Solution

Question 2

Problem solving

Smoothing

Personnel counselor

Compromise

Solution

Question 3

Daniel Goleman

Howard Gardener

Robert Thomdike

Salovey

Solution

Question 4

Modernization

Diversification

Both a and b

None of these

Solution

Question 5

Globalisation

Privatization

Liberalization

None of the above

Solution

Question 6

Boundary less organisation

Organic model

Mechanistic model

Virtual organisation

Solution

Question 7

Neither A nor B

B only

Both A and B

A only

Solution

Question 8

Economic factors

Social factors

Political factors

Economic, social, political and technological factors

Solution

Question 9

only 1, 2 and 3

only 2 and 4

only 1 and 3

1, 2, 3 and 4

Solution

Question 10

(1) only

(2) only

Both (1) and (2)

Neither (1) nor (2)

Solution

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