Business Environment Test

Result

Business Environment Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

Besides money what are the other developmental goals?

A
Power, Oil, Food, etc.

B
Respect, Security, Pollution free environment, etc.

C
Luxuries, Shelters, Water, etc.

D
None of these

Solution

Generally, people desire to have regular work, better wages and good price for the crops they produce. Apart from earning more income, one may expect to have a better quality of life. The quality of life depends on non-material things such as equal treatment, security, respect for others and freedom in society.
Hence, option (B) is the correct answer.
Question 2
1 / -0

Which of the following is the reason for improvement or change in technology?

A
Nationalisation

B
Privatisation

C
Globalisation

D
None

Solution

The reason for improvement or change in technology is globalisation. Process of integrating domestic economy with world economy is called globalisation. Globalisation enables exchange of social, cultural, technological ideas across the borders. Its effects include access to technology, growth of international trade, increased employment opportunities, free flow of foreign capital etc.
Question 3
1 / -0

In the past two decades, globalisation has seen rapid movements in ______________.

A
Goods, Services and People between Countries

B
Goods, Services and Investments between countries

C
Goods, Investments and People between countries

D
None of the above

Solution

Globalisation is the process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries.
Question 4
1 / -0

Integrating domestic economy with world economy is called ________.

A
Privatisation

B
Globalisation

C
Nationalisation

D
All the above

Solution

Process of integrating domestic economy with world economy is called globalisation. Globalisation enables exchange of social, cultural, technological ideas across the borders. Its effects include access to technology, growth of international trade, increased employment opportunities, free flow of foreign capital etc.
Question 5
1 / -0

The most important elements in the micro environment of the business are _______.

A
Customers

B
Labour

C
Marketing Intermediaries

D
Competition

Solution

The micro environment is the environment in which the business operates. Customers are the most important elements in the micro environment, as the business entity operates to satisfy customer expectations and retention of the customers to gain sales and profits.
Question 6
1 / -0

Business environment refers to ___________.

A
something internal to an individual or an organisation

B
all external factors which have a direct or indirect bearing in the activities of business

C
all internal factors which have only a direct bearing on the activities of business

D
all internal factors which have only an indirect bearing on the activities of business

Solution

Business environment refers to all the factors that have a direct or indirect bearing on the activities of the business. The business environment can be internal or external. The internal environment consists of factors within the organisation. The external environment refer to external environmental factors.
Question 7
1 / -0

All those economic and non-economic factors which exercise their influence on the business activity in general and thus determine opportunities that a company may have to promote its business, will fall under which of the following categories?

A
Macro environment

B
Micro environment

C
Economic environment

D
None of the above

Solution

All those economic and non-economic factors which exercise their influence on the business activity in general and thus determine opportunities that a company may have to promote its business, will fall under macro environment.
Question 8
1 / -0

External environment of business can be divided into __________.

A
micro environment and macro environment

B
economic environment and non-economic environment

C
general environment and partial environment

D
none of the above

Solution

The External business environment is broadly classified into two categories, i.e. micro environment, and macro environment. The former affects the working of a particular business only to which they relate, while the latter affects the functioning of all the business entities, operating in the economy.
Question 9
1 / -0

Which of the following is a set of examples of external environment of a business?

A
Institutions, organisations and forces operating outside the company

B
Institutions, organisations and forces operating inside the company

C
Commitment, attitude and morale of he employers

D
Economic and non-economic environment

Solution

The external environment of a business are the external factors in the environment that affects the business. Example of external environment are Institutions, organizations, forces operating outside the company.
Question 10
1 / -0

The final step in deliberations before acting is termed as ____________.

A
Planning

B
Controlling

C
Decision making

D
Supervising

Solution

Decision-making is regarded as the cognitive process resulting in the selection. Every decision-making process produces a final choice, which may or may not that are elicited during the deliberation of future consequences and that mark. This stage takes place prior to and during a moral dilemma.

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 8

Result

Business Environment Test - 8

Score

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SHARING IS CARING

Question 1

Power, Oil, Food, etc.

Respect, Security, Pollution free environment, etc.

Luxuries, Shelters, Water, etc.

None of these

Solution

Question 2

Nationalisation

Privatisation

Globalisation

None

Solution

Question 3

Goods, Services and People between Countries

Goods, Services and Investments between countries

Goods, Investments and People between countries

None of the above

Solution

Question 4

Privatisation

Globalisation

Nationalisation

All the above

Solution

Question 5

Customers

Labour

Marketing Intermediaries

Competition

Solution

Question 6

something internal to an individual or an organisation

all external factors which have a direct or indirect bearing in the activities of business

all internal factors which have only a direct bearing on the activities of business

all internal factors which have only an indirect bearing on the activities of business

Solution

Question 7

Macro environment

Micro environment

Economic environment

None of the above

Solution

Question 8

micro environment and macro environment

economic environment and non-economic environment

general environment and partial environment

none of the above

Solution

Question 9

Institutions, organisations and forces operating outside the company

Institutions, organisations and forces operating inside the company

Commitment, attitude and morale of he employers

Economic and non-economic environment

Solution

Question 10

Planning

Controlling

Decision making

Supervising

Solution

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