This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Business Studies > Class 12 Business Studies Chapter 3 Business Environment – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 6 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which dimension includes legislations and administrative orders? A) Social. B) Economic. C) Legal. D) Technological. Show Answer Correct Answer: C) Legal. 2. Why is it important to have clear walkways in the office? A) To make the office look organized. B) To allow cleaning staff to work efficiently. C) To prevent tripping hazards and ensure quick evacuation in emergencies. D) To impress visitors. Show Answer Correct Answer: C) To prevent tripping hazards and ensure quick evacuation in emergencies. 3. Economic reforms have ..... the role of the public sector. A) Increased. B) Reduced. C) All the above. D) None of the above. Show Answer Correct Answer: B) Reduced. 4. Swachh Bharat Abhiyan started by BJP government is part of A) Legal Environment. B) Economic Environment. C) Political Environment. D) Social Environmentc. Show Answer Correct Answer: C) Political Environment. 5. Apa proses untuk melakukan analisis lingkungan eksternal? A) Mengidentifikasi, menganalisis, dan mengimplementasikan. B) Pemindaian, pemantauan, peramalan, dan penilaian. C) Perencanaan, pelaksanaan, dan peninjauan. D) Peramalan, penilaian, dan evaluasi. Show Answer Correct Answer: B) Pemindaian, pemantauan, peramalan, dan penilaian. 6. ..... is an example of social environment A) Composition of Family. B) Innovation. C) Legislation. D) Inflation. Show Answer Correct Answer: A) Composition of Family. 7. What are the effects of trade liberalization on the Indian economy? A) Reduced unemployment. B) Increased competition. C) Stagnant growth. D) Isolation from global markets. Show Answer Correct Answer: B) Increased competition. 8. Which of the following is false regarding why a SWOT Analysis is used? A) To minimize the weaknesses of a business. B) To reduce opportunities available to a business. C) To counteract threats to a business. D) To build on the strengths of a business. Show Answer Correct Answer: B) To reduce opportunities available to a business. 9. Trade Unions fall under the ..... Environment A) Micro. B) Market. C) Macro. D) None of the above. Show Answer Correct Answer: B) Market. 10. What do we call a business owned by one individual who isself-employed? A) An unlimited personal liability company. B) A sole trader. C) A limited liability company. D) A partnership. Show Answer Correct Answer: B) A sole trader. 11. It is not the responsibility of the company to provide the resources for their employees: A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. Which of the following is part of the economic environment? A) Inflation. B) Festivals. C) Technology. D) Religion. Show Answer Correct Answer: A) Inflation. 13. Business environment is dynamic in nature. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 14. Positive and controllable factors that contribute to the success of parks A) Threat. B) Weaknesses. C) Strength. D) Opportunities. Show Answer Correct Answer: C) Strength. 15. An example of an internal environmental factor is ..... A) Suppliers. B) Employees. C) Legal issues eg consumer law. D) Competitors. Show Answer Correct Answer: B) Employees. 16. The establishment of a wholly new operation in a foreign country is called: A) A greenfield investment. B) An acquisition. C) A merger. D) A multinational venture. Show Answer Correct Answer: A) A greenfield investment. 17. What is a virtual organisation? A) An organisation that uses information and communications technologies to coordinate activities without physical boundaries between different functions. B) An organisation that uses internet technologies to sell products to customers. C) An organisation that manages the supply chain using digital technologies. D) An organisation that coordinates the workforce via video conferencing. Show Answer Correct Answer: A) An organisation that uses information and communications technologies to coordinate activities without physical boundaries between different functions. 18. There are 5 main macro factors that will impact the success of a business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. It means all the internal and external factors of that affect how the company functions including employees, customers, management, supply and demand, and business regulations. A) Business Environment. B) Business Firm. C) Local Environment. D) International Firm. Show Answer Correct Answer: A) Business Environment. 20. Which statement BEST explains why understanding the business environment is important for developers? A) It replaces coding skills. B) It helps developers align systems with organisational needs and constraints. C) It is only relevant for managers. D) It has no impact on system design. Show Answer Correct Answer: B) It helps developers align systems with organisational needs and constraints. 21. Another term for Micro Environment is ..... A) Macro environment. B) Endogenous factor. C) Exogenous factor. D) Macro environment. Show Answer Correct Answer: B) Endogenous factor. 22. Severe weather events such as hurricanes or droughts disrupt agricultural production, leading to supply chain disruptions and increased commodity price A) Natural. B) Economic. C) All the above. D) None of the above. Show Answer Correct Answer: A) Natural. 23. The four factors contributing to the External (Operating) Business Environment include: A) Owners/Management, Employees, Organisational Culture, Organisational Structure. B) Employees, Employers, Customers, Clients. C) Customers, Clients, Suppliers, Distributors. D) Customers, Competitors, Suppliers, Interest Groups. Show Answer Correct Answer: D) Customers, Competitors, Suppliers, Interest Groups. 24. Which of the following is the feature of business environment? A) It is a relative concept, as it differs from country to country and even region to region. B) It enables the firm to identify the opportunities and get the first mover advantage. C) It helps in tapping the useful resources. D) All of the above. Show Answer Correct Answer: A) It is a relative concept, as it differs from country to country and even region to region. 25. What is the relationship between business environment and business strategy? A) The business environment influences the formulation and adaptation of business strategy. B) Business strategy is solely based on internal company policies. C) The business environment has no impact on business strategy. D) Business strategy dictates the business environment entirely. Show Answer Correct Answer: A) The business environment influences the formulation and adaptation of business strategy. 26. A substitute product or service is: A) A less attractive way of meeting the same need. B) An alternative way of meeting the same need. C) A competitor's product or service. D) A new entrant into the industry. Show Answer Correct Answer: B) An alternative way of meeting the same need. 27. Amie talks to customers and suppliers from all over the world on a daily basis. Her company's involvement with people in so many different countries is due to the trend of A) Demographics. B) Social responsibility. C) Globalization. D) Environmental scanning. Show Answer Correct Answer: C) Globalization. 28. Can changes in government policies impact the stability of a business's operations? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 29. These are organisations that share common interests in the industry and can include:Professional associations, trade unions and public interest groups A) Suppliers. B) Interest Groups. C) Customers. D) Competitors. Show Answer Correct Answer: B) Interest Groups. 30. What is the term for the extent of competition a business faces from other countries? A) Global competition. B) International trade. C) Global economics. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 31. 5) Entry of foreign firms in India is an example of ..... A) Specific force. B) General force. C) Opportunity. D) Threat. Show Answer Correct Answer: D) Threat. 32. What do economic factors include? A) Household purchasing power. B) Only government policies. C) Only consumer behavior. D) Only inflation. Show Answer Correct Answer: A) Household purchasing power. 33. What is the equilibrium price? A) The price set by the government. B) The price at which demand exceeds supply. C) The price at which supply exceeds demand. D) The price at which quantity supplied equals quantity demanded. Show Answer Correct Answer: D) The price at which quantity supplied equals quantity demanded. 34. A company that has been established and successful for 10 years doesn't need to conduct a SWOT A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 35. The process by which the forces of supply and demand interact is known as A) The price mechanism. B) Equilibrium. C) Supply. D) Demand. Show Answer Correct Answer: A) The price mechanism. 36. Liberalisation means: A) More government control. B) Less government rules on business. C) No business allowed. D) Only one business allowed. Show Answer Correct Answer: B) Less government rules on business. 37. A difficult employee will present a challenge in which environment? A) Micro environment. B) Market environment. C) Macro environment. D) None of the above. Show Answer Correct Answer: A) Micro environment. 38. Apabila suatu barang impor dikenakan tarif, maka ..... A) Harga barang dalam negeri menjadi murah. B) Barang impor mudah masuk ke Indonesia. C) Persaingan barang asing semakin tinggi. D) Harga jual barang impor menjadi murah. Show Answer Correct Answer: A) Harga barang dalam negeri menjadi murah. 39. The aim of ..... is to integrate the indian economy with the world economy. A) Liberalisation. B) Globalisation. C) Privatization. D) None of the above. Show Answer Correct Answer: B) Globalisation. 40. Understanding Business Environment will enable an organisation A) To identify threats only. B) To identify opportunities only. C) To identify threats & opportunities, tap resources and get the first mover advantage. D) To identify threats & opportunities only. Show Answer Correct Answer: C) To identify threats & opportunities, tap resources and get the first mover advantage. 41. Which of the following would be considered under the 'S' in PESTLE analysis? A) Stock market trends. B) Scientific research advancements. C) Societal attitudes and beliefs. D) Seasonal business fluctuations. Show Answer Correct Answer: C) Societal attitudes and beliefs. 42. Which of the following is an example of a factor in the Global Business Environment? A) Technological advancements. B) Employee motivation. C) Local suppliers. D) Office culture. Show Answer Correct Answer: A) Technological advancements. 43. Henri Fayol's 'unity of command' states that: A) The organisation should have a single plan of action to guide managers and workers. B) Every employee should receive orders or instructions from only one superior/manager. C) Workers must be paid a fair wage for their services. D) People and materials should be available in the right place at the right time. Show Answer Correct Answer: B) Every employee should receive orders or instructions from only one superior/manager. 44. Headquarters of WTO is at ..... A) Auckland. B) Switzerland. C) UK. D) USA. Show Answer Correct Answer: B) Switzerland. 45. What is one of the challenges of operating in a Global Business Environment? A) In-house staff training. B) Employee motivation. C) Language barriers. D) Product differentiation. Show Answer Correct Answer: C) Language barriers. 46. These days companies cannot avoid investing in ..... A) Research. B) Development. C) Research and Development. D) Employees. Show Answer Correct Answer: C) Research and Development. 47. What do producers typically do when prices increase? A) A increase supply. B) B. decrease supply. C) C. increase demand. D) D. decrease demand. Show Answer Correct Answer: B) B. decrease supply. 48. The public sector is the part of the economy owned and controlled by A) Non for profit organisations. B) The state. C) All the above. D) None of the above. Show Answer Correct Answer: B) The state. 49. Any object designed to do a specific kind of work is called a tool A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 50. Which of the following is an objective of studying the business environment? A) To ignore external factors. B) To focus solely on internal policies. C) To understand changes and respond proactively. D) To avoid adapting to new technologies. Show Answer Correct Answer: C) To understand changes and respond proactively. 51. Government control of industry. A) Capitalism. B) Socialism. C) All the above. D) None of the above. Show Answer Correct Answer: B) Socialism. 52. Which function does the following?Promoting the services offered by the business A) Information technology. B) Marketing. C) Finance. D) Operations and production. Show Answer Correct Answer: B) Marketing. 53. What is the significance of consumer behavior in the business environment? A) It only affects pricing decisions. B) It is only important for online businesses. C) It is irrelevant to business success. D) It helps businesses tailor their products and marketing strategies. Show Answer Correct Answer: D) It helps businesses tailor their products and marketing strategies. 54. The trade policy reforms aimed at A) Dismantling of quantitative restrictions on imports and Exports. B) Reduction of tariff rates. C) Removal of licensing procedures procedures for imports. D) All of the above. Show Answer Correct Answer: D) All of the above. 55. What role does globalization play in the tourism industry? A) Globalization decreases cultural diversity. B) Globalization leads to higher tourism taxes. C) Globalization restricts travel opportunities. D) Globalization enhances accessibility, promotes cultural exchange, and boosts investment in the tourism industry. Show Answer Correct Answer: D) Globalization enhances accessibility, promotes cultural exchange, and boosts investment in the tourism industry. 56. Carbon credits related to A) Business responding to climate change. B) Crediting carbon in ledger. C) Carbon accumulation in a company. D) None of these. Show Answer Correct Answer: A) Business responding to climate change. 57. Can leveraging a company's strong brand reputation help it enter a new market successfully? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 58. What does the legal environment consist of? A) Laws and regulations governing business. B) Economic indicators. C) Cultural practices and beliefs. D) Political stability. Show Answer Correct Answer: A) Laws and regulations governing business. 59. What is the significance of market research for businesses? A) Market research is significant for businesses as it informs decision-making and helps identify opportunities and risks. B) Market research is primarily focused on employee satisfaction. C) Market research eliminates all business risks. D) Market research is only useful for large corporations. Show Answer Correct Answer: A) Market research is significant for businesses as it informs decision-making and helps identify opportunities and risks. 60. Apa fokus utama dari menganalisis klaster bisnis? A) Untuk memahami dampak kebijakan pemerintah. B) Untuk mempelajari konsentrasi geografis perusahaan-perusahaan terkait. C) Untuk mengidentifikasi mitra bisnis potensial. D) Untuk menganalisis kinerja keuangan perusahaan-perusahaan individu. Show Answer Correct Answer: B) Untuk mempelajari konsentrasi geografis perusahaan-perusahaan terkait. ← PreviousNext →Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Business Studies Chapter 3 Business Environment Quiz 1Class 12 Business Studies Chapter 3 Business Environment Quiz 2Class 12 Business Studies Chapter 3 Business Environment Quiz 3Class 12 Business Studies Chapter 3 Business Environment Quiz 4Class 12 Business Studies Chapter 3 Business Environment Quiz 5Class 12 Business Studies Chapter 3 Business Environment Quiz 7Class 12 Business Studies Chapter 3 Business Environment Quiz 8Class 12 Business Studies Chapter 3 Business Environment Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books