This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 1) Nature of relationships of a country with foreign countries influences the business. A) Political environment. B) Social environment. C) Economic environment. D) Legal environment. Show Answer Correct Answer: A) Political environment. 2. Formal Sector + Informal Sector=? A) A good Government. B) The Private Sector. C) Legal persona. D) Business. Show Answer Correct Answer: B) The Private Sector. 3. What is the first step in the process of environmental analysis? A) Implementing strategies. B) Forecasting future trends. C) Environmental scanning. D) Decision-making. Show Answer Correct Answer: C) Environmental scanning. 4. What does cross elasticity of demand measure? A) Change in demand due to price changes of related goods. B) Change in demand due to price changes of the same good. C) Change in income affecting demand. D) Change in supply due to price changes. Show Answer Correct Answer: A) Change in demand due to price changes of related goods. 5. Jonathan has some extra money to spend this month, so he purchases an iPad. He doesn't need this product, but he wants it, making it a A) Discretionary item. B) Technological product. C) Poor buying decision. D) Consumer staple. Show Answer Correct Answer: A) Discretionary item. 6. Which of the following is NOT an external factor? A) Technology. B) Demographical. C) Workplace relationships. D) Political. Show Answer Correct Answer: C) Workplace relationships. 7. Business and its environment is ..... A) Independent. B) Interdependent. C) Not dependent. D) Over dependent. Show Answer Correct Answer: B) Interdependent. 8. What is a Giffen good? A) A necessity with elastic demand. B) A good that has no substitutes. C) A good that is demanded more as its price rises. D) A luxury good with high demand. Show Answer Correct Answer: C) A good that is demanded more as its price rises. 9. In all the countries there is a free-flow of goods and services under which of the following does it come? A) Liberalisation. B) Privatisation. C) Liberalisation and Privatisation. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 10. What is the macro environment? A) The external factors affecting a business. B) The competition within a business. C) The internal factors of a business. D) The employees of a business. Show Answer Correct Answer: A) The external factors affecting a business. 11. The shift of demand from soft drink to juice is an opportunity for juice companies and threat for soft drink companies. Identify the feature of business environment A) Relative. B) Complex. C) Dynamic. D) Uncertain. Show Answer Correct Answer: D) Uncertain. 12. What does the term value system refer to in a business environment? A) Set of taxes imposed on the company. B) Relationship between company and customers. C) Ethical beliefs and norms guiding the company. D) Number of stakeholders in a business. Show Answer Correct Answer: C) Ethical beliefs and norms guiding the company. 13. Which dimension includes legislations and administrative orders? A) Technological. B) Social. C) Legal. D) Economic. Show Answer Correct Answer: C) Legal. 14. 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. 15. 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. 16. 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. 17. Apa proses untuk melakukan analisis lingkungan eksternal? A) Perencanaan, pelaksanaan, dan peninjauan. B) Mengidentifikasi, menganalisis, dan mengimplementasikan. C) Pemindaian, pemantauan, peramalan, dan penilaian. D) Peramalan, penilaian, dan evaluasi. Show Answer Correct Answer: C) Pemindaian, pemantauan, peramalan, dan penilaian. 18. ..... is an example of social environment A) Inflation. B) Legislation. C) Innovation. D) Composition of Family. Show Answer Correct Answer: D) Composition of Family. 19. What are the effects of trade liberalization on the Indian economy? A) Increased competition. B) Reduced unemployment. C) Stagnant growth. D) Isolation from global markets. Show Answer Correct Answer: A) Increased competition. 20. Which of the following is false regarding why a SWOT Analysis is used? A) To build on the strengths of a business. B) To minimize the weaknesses of a business. C) To reduce opportunities available to a business. D) To counteract threats to a business. Show Answer Correct Answer: C) To reduce opportunities available to a business. 21. Trade Unions fall under the ..... Environment A) Micro. B) Market. C) Macro. D) None of the above. Show Answer Correct Answer: B) Market. 22. What do we call a business owned by one individual who isself-employed? A) A sole trader. B) An unlimited personal liability company. C) A partnership. D) A limited liability company. Show Answer Correct Answer: A) A sole trader. 23. 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. 24. Which of the following is part of the economic environment? A) Religion. B) Inflation. C) Festivals. D) Technology. Show Answer Correct Answer: B) Inflation. 25. 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. ← PreviousNext →Related 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 6Class 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 9Class 12 Business Studies Chapter 3 Business Environment Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books