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Class 12 Business Studies Chapter 3 Business Environment Quiz 17 (60 MCQs)

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1. If you encounter an unconscious coworker, what is the first thing you should do?
2. The Government of India launched "Make in India" initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI now in India increased by 48% since the launch of "Make in India" initiative. Identify the concept being described in the above lines, with regard to inflow of FDI.
3. How many forces are there in porter's forces?
4. Which factor is MOST likely to influence digital decisions in a public sector organisation?
5. What are the key factors influencing the business environment in India?
6. During a class discussion, Lakshi mentioned a key topic that is often discussed at G7 summits. What is it?
7. Describe the different economic systems.
8. How do socio-cultural factors influence business operations?
9. Forming a joint venture reduces risk by
10. What is the purpose of a Material Safety Data Sheet (MSDS)?
11. What is one of the main challenges businesses face in a dynamic environment?
12. Which of the following is not a necessary feature to convert a proposal into a promise:
13. Following is not the feature of business environment:
14. The main way that economic factors influence the external business environment is by
15. For how many industries, licensing is still necessary?
16. It involves the preparation and interpretation of financial statements primarily intended for external users.
17. The term "Uncertain Future" in the context of the business environment
18. It uses "Fund Accounting" which deals with the administration or use of public community funds to bring about service to the people.
19. The political organization influnce the political environment such as
20. Goods and services purchased by local consumers from overseas businesses
21. What are the main components of the micro environment in a business?
22. Which is an example of external users?
23. The Goods and Services Tax (GST) in India was implemented in which year?
24. Privatization means
25. What technological advancements can pose challenges to businesses?
26. Which factors of Business Environment regards as controllable?
27. In 2011 A financial inclusionplan was launched. What is the name of that plan?
28. Which of the following phenomenon doesn't form the part of NEP, 1991?
29. Can a company with a highly skilled workforce fail to respond to increasing competition in the industry?
30. A business which operates globally has an increased risk of its data being compromised.
31. Which of the following feature is not essential for a contract?
32. Which type of elasticity measures the responsiveness of demand to changes in consumer income?
33. What is the role of corporate culture in the internal environment of a business?
34. The Global Business Environment does not involve multiple sovereign nations outside of the organization's home environment.
35. Giving freedom to Indian business and industries from all unnecessary government controls and restrictions is an example of
36. Can shifts in cultural trends affect the way businesses market their products?
37. The environment that the business has the most control over is the .....
38. Macro Environment focus on political-legal, financial, technological and economic.
39. How does the increase of global business operations affect employment?
40. Which of the following actions must a business take as a result of political factors in the external environment:
41. All businesses should be socially responsible to whom?
42. Do changing consumer lifestyles have no impact on a company's product offerings?
43. Which of the following SWOT elements are internal factors for a business?
44. What do political factors influence?
45. Which sector is responsible for delivering essential services like healthcare and education?
46. Economic resources that help people be more productive are:
47. What strategies can businesses use to analyze their competition?
48. What is the role of competition in the business environment?
49. In some places, a company can have exclusive control of the supply of a good or service such as the trash service. This is an example of:
50. Accounting is the systematic process recording of business transactions to its respective journals and ledgers in a prescribed manner.
51. Globalisation does not involve:
52. Which of the following elements is NOT found in the internal business environment?
53. Apex body of legislation in India
54. The macro-environment includes all EXCEPT:
55. For the acts of a person appointed as a sub-agent by the agent without having an authority to do so:
56. The two main divisions of the trade industry are:
57. India has adopted the ..... economy system which implies coexistence of public sector and private sector.
58. What is an example of a necessity that typically has inelastic demand?
59. What is the impact of political instability on business?
60. During a class discussion on globalization, Charlotte asked which technology has had the most influence on globalization.
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