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Class 12 Business Studies Chapter 3 Business Environment Quiz 18 (60 MCQs)

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1. Banks of bank is
2. Which among the following is not a reason for economic reforms
3. Is the following statement true or false? Predictive projects are plan driven, while adaptive projects focus on team collaboration with stakeholders or customers to determine the project need by writing user stories and hybrid projects can combine or switch predictive or adaptive approaches as necessary.
4. Customers are part of ..... environment.
5. ..... inspires people and sets goals
6. What does the business environment consist of?
7. Which part of the business cycle is consumer spending and business investment at their lowest levels?
8. A new business is entering a highly competitive market. What strategies should it prioritize to succeed?
9. The Indian Partnership Act was earlier contained in .....
10. If people start using eco-friendly products, what should a business do?
11. A company's mission statement is part of its:
12. An employee notices an unfilled customer need, this is an example of a(n)
13. 2) 'Demand for Bhujia is high in India, whereas it is almost nil in Greenland.' Which feature of business environment is stated here?
14. What business environment involves multiple sovereign nations?
15. Which of the following is a key characteristic of the internal business environment?
16. Govt. sector enjoys full autonomy
17. Contracts are agreement between two parties
18. Why is understanding the business environment important for companies?
19. Which international organization focuses on providing financial and technical assistance to developing countries to address balance of payments problems?
20. Where is the WTO Headquarters?
21. How many modes/ routes are there for entry of foreign investment in India?
22. Disinvestment is an example of
23. Which term means totality of external forces outside business?
24. The doctrine of 'judicial precedent' states that:
25. What is the nature of the business environment?
26. Which of the following BEST describes the importance of understanding the business environment?
27. A business owned and controlled by a single person, such as a local kiryana (grocery) store owner in Karachi, with no legal separation between the owner and the business is called a:
28. When the government chooses to use resources to build tourist centres, the chosen resources are no longer available to build highways. This BEST illustrates the concept of:
29. Which of the following scenarios illustrates a favorable opportunity in the external environment?
30. Which of the following best shows the effect of technology on businesses?
31. Which feature indicates that environmental elements affect each other?
32. Which macro environmental factors are constantly changing businesses:Both what they offer, and how they operate? It can be used to:Develop products, deliver products, automate processes.
33. Which of the following terms is defined as "conduct based on or authorized by law which is established by society to maintain order and protect people and property from harm?"
34. What role does the political environment play in business operations?
35. The Macro Environment is the wider environment in which the business operates and does therefore not have any control over.
36. Which of the following author has given the definition, "Business environment is the climate or set of conditions-economic, social, political or institutional in which business operations are conducted"
37. The business model "bricks and mortar" is best described as .....
38. BE enables the firm to identify ..... and getting the first mover advantage
39. What should businesses do before investing in a new market?
40. What does the Systems Approach to Business emphasize?
41. Which factor is considered an internal environment factor?
42. Climatic/weather conditions are part of:-
43. The acronym QUEST in strategic management refers to:
44. Identify the business environment:'The export of rice has been affected on account of bitterness created in the relations with one of the rice exporting countries.
45. Julie's window cleaner is what?
46. What is vertical mobility?
47. Generally speaking, the more socialist a country is the higher the taxes will be.
48. What role does innovation play in the technological environment?
49. The dimension of business environment which has led to incorporation of values as part of business objectives
50. What does a social environment refer to?
51. Business Environment helps in:
52. According to the Australian Consumer Law (ACL), customers have the right to:
53. As part of regulations to be followed by advertisers, the advertisement for a new brand of baby food for infants provides important information for potential buyers that it is "Not recommended for infants under the age of four months" . Which dimension of the business environment is highlighted in the above statement?
54. What are the assessments for the GBE module?
55. What economy is based on public or governmental ownership of the production and distribution of goods?
56. In Malaysia, the supreme head of state is the:
57. How does government policy impact the growth of small scale industries in India?
58. Monetary & Fiscal Policy are part of which environment-
59. What percentage of the money in circulation became invalid after demonetisation?
60. A magazine article is an example of?
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