This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 17 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How do demographic changes affect business strategies? A) Businesses should ignore demographic trends in their planning. B) Demographic shifts only affect marketing, not overall strategy. C) Demographic changes require businesses to adapt their strategies to meet new consumer needs and preferences. D) Demographic changes have no impact on business strategies. Show Answer Correct Answer: C) Demographic changes require businesses to adapt their strategies to meet new consumer needs and preferences. 2. Shared beliefs, values, expectations, attitudes and behaviours are all examples of which Internal Environmental factor? A) Owner/s/Management. B) Employees. C) Organisational Structure. D) Organisational Culture. Show Answer Correct Answer: D) Organisational Culture. 3. Non-Human resources are physical item A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 4. Ethan noticed that the local river was becoming increasingly polluted and the air quality was deteriorating. He wondered if this environmental degradation was occurring because of A) Decreased competition. B) Nationalism. C) Offshoring. D) Increased production. Show Answer Correct Answer: D) Increased production. 5. What are the only two ways to finance a firm? A) By the owner's funds or funds from relatives. B) By government grants or tax subsidies. C) By selling assets or taking on a bank loan. D) By raising equity or taking on debt. Show Answer Correct Answer: D) By raising equity or taking on debt. 6. A go-slow is when ..... , A) Workers still do their work but at a much slower pace affecting the productivity of the business. B) Workers stop working like they do in a strike. C) The internet is not working and affects the productivity of the staff. D) None of the above. Show Answer Correct Answer: A) Workers still do their work but at a much slower pace affecting the productivity of the business. 7. How do economic cycles influence business planning? A) Economic cycles only affect employee morale. B) Economic cycles are irrelevant to resource allocation. C) Economic cycles influence business planning by affecting demand, investment, and resource allocation. D) Economic cycles have no impact on business planning. Show Answer Correct Answer: C) Economic cycles influence business planning by affecting demand, investment, and resource allocation. 8. Planning commission was dissolved in the year A) 2007. B) 2017. C) 1997. D) None of the above. Show Answer Correct Answer: B) 2017. 9. How can businesses reduce their carbon footprint through transportation? A) Encouraging carpooling and public transportation. B) Increasing the number of company cars. C) Building more parking spaces. D) Offering free gasoline. Show Answer Correct Answer: A) Encouraging carpooling and public transportation. 10. The price of one currency in terms of another is called: A) The tax rate. B) Inflation. C) The exchange rate. D) The interest rate. Show Answer Correct Answer: C) The exchange rate. 11. The environment scanning helps to identify A) Opportunities. B) Threats. C) Both a) and b). D) None of the above. Show Answer Correct Answer: C) Both a) and b). 12. What are the implications of demographic changes for businesses? A) Demographic changes only affect government policies, not businesses. B) Businesses should ignore demographic trends and focus on traditional methods. C) Demographic changes require businesses to adapt their strategies to meet evolving consumer needs and labor market dynamics. D) Demographic changes have no impact on business strategies. Show Answer Correct Answer: C) Demographic changes require businesses to adapt their strategies to meet evolving consumer needs and labor market dynamics. 13. 4) The finance minister reduced the repo rate to overcome recession. Which dimension of business is highlighted here? A) Economic environment. B) Social environment. C) Political environment. D) Legal environment. Show Answer Correct Answer: A) Economic environment. 14. What are the four factors contributing to the Internal Business Environment? A) Customers, Competitors, Suppliers, Interest Groups. B) Customers, Clients, Suppliers, Distributors. C) Employees, Employers, Customers, Clients. D) Owners/Management, Employees, Organisational Culture, Organisational Structure. Show Answer Correct Answer: D) Owners/Management, Employees, Organisational Culture, Organisational Structure. 15. Internal components of environment provide ..... and Strength A) Weaknesses. B) Opportunities. C) Threats. D) Challenges. Show Answer Correct Answer: A) Weaknesses. 16. Apa yang dimaksud dengan 'biaya beralih'? A) Biaya pemasaran. B) Biaya untuk mendapatkan pelanggan baru. C) Biaya yang dikeluarkan oleh pelanggan saat mengganti merek. D) Biaya produksi. Show Answer Correct Answer: C) Biaya yang dikeluarkan oleh pelanggan saat mengganti merek. 17. Which of the following reflect a person's values and beliefs? A) Their behaviour. B) The way in which they treat others. C) The way in which they prioritise things. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. The tea industry in Sri Lanka has competitors such as: A) Electricity suppliers. B) International tea brands like Lipton. C) Central Bank. D) The Tea Board. Show Answer Correct Answer: B) International tea brands like Lipton. 19. Liberalization implies: A) Greater role of public sector. B) Free economy with no control. C) Reduction in government control over the private sector. D) None of these. Show Answer Correct Answer: C) Reduction in government control over the private sector. 20. You conduct a SWOT analysis and find out that a new competitor is opening within 5 miles of your store. This would be considered a ..... A) Strength. B) Weakness. C) Opportunity. D) Threat. Show Answer Correct Answer: D) Threat. 21. Primary reference group refer to the following EXCEPT A) Family. B) Best friend. C) Class lecturer. D) Favourite artist. Show Answer Correct Answer: D) Favourite artist. 22. What is the primary importance of understanding the business environment? A) To enhance product quality. B) To identify opportunities and threats. C) To increase competition. D) To reduce costs. Show Answer Correct Answer: B) To identify opportunities and threats. 23. Which of the following is a financial tool that calculates the present value of all cash outflows minus the present value of all cash inflows? A) Internal rate of return. B) Net present value. C) Benefit cost value. D) Return on investment. Show Answer Correct Answer: B) Net present value. 24. Economic environment include ..... A) Economic indices. B) Economic structure. C) Economic Planning. D) All of these. Show Answer Correct Answer: D) All of these. 25. Is rivalry less intense when the market is growing rapidly? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. ← 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