This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Positive and controllable factors that contribute to the success of parks A) Strength. B) Weaknesses. C) Opportunities. D) Threat. Show Answer Correct Answer: A) Strength. 2. An example of an internal environmental factor is ..... A) Legal issues eg consumer law. B) Suppliers. C) Employees. D) Competitors. Show Answer Correct Answer: C) Employees. 3. The establishment of a wholly new operation in a foreign country is called: A) An acquisition. B) A merger. C) A greenfield investment. D) A multinational venture. Show Answer Correct Answer: C) A greenfield investment. 4. 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. 5. 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. 6. 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. 7. 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. 8. Another term for Micro Environment is ..... A) Endogenous factor. B) Macro environment. C) Exogenous factor. D) Macro environment. Show Answer Correct Answer: A) Endogenous factor. 9. 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. 10. The four factors contributing to the External (Operating) Business Environment include: A) Owners/Management, Employees, Organisational Culture, Organisational Structure. B) Customers, Clients, Suppliers, Distributors. C) Employees, Employers, Customers, Clients. D) Customers, Competitors, Suppliers, Interest Groups. Show Answer Correct Answer: D) Customers, Competitors, Suppliers, Interest Groups. 11. 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. 12. 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. 13. A substitute product or service is: A) A competitor's product or service. B) An alternative way of meeting the same need. C) A new entrant into the industry. D) A less attractive way of meeting the same need. Show Answer Correct Answer: B) An alternative way of meeting the same need. 14. 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) Environmental scanning. B) Demographics. C) Social responsibility. D) Globalization. Show Answer Correct Answer: D) Globalization. 15. 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. 16. These are organisations that share common interests in the industry and can include:Professional associations, trade unions and public interest groups A) Customers. B) Competitors. C) Suppliers. D) Interest Groups. Show Answer Correct Answer: D) Interest Groups. 17. What is the term for the extent of competition a business faces from other countries? A) International trade. B) Global economics. C) Global competition. D) Globalisation. Show Answer Correct Answer: D) Globalisation. 18. 5) Entry of foreign firms in India is an example of ..... A) Opportunity. B) Threat. C) Specific force. D) General force. Show Answer Correct Answer: B) Threat. 19. What do economic factors include? A) Only inflation. B) Household purchasing power. C) Only consumer behavior. D) Only government policies. Show Answer Correct Answer: B) Household purchasing power. 20. Expand EODB A) Ease of Doing Business. B) Ease of Doing Banking. C) Easy Office Database. D) None of these. Show Answer Correct Answer: A) Ease of Doing Business. 21. 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. 22. 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. 23. 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. 24. 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. 25. Apabila suatu barang impor dikenakan tarif, maka ..... A) Harga jual barang impor menjadi murah. B) Barang impor mudah masuk ke Indonesia. C) Persaingan barang asing semakin tinggi. D) Harga barang dalam negeri menjadi murah. Show Answer Correct Answer: D) Harga barang dalam negeri menjadi murah. ← 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