This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 19 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an example of a governmental regulatory agency: A) Sporting Goods Manufacturers Association. B) Better Business Bureau (BBB). C) Federal Aviation Administration (FAA). D) Air Conditioning Contractors of America. Show Answer Correct Answer: C) Federal Aviation Administration (FAA). 2. A firm should make efforts that it has ..... type of customers? A) 1. B) 2. C) 3. D) Many. Show Answer Correct Answer: D) Many. 3. It is important to have positive and open relationships with this group as they provide inputs to a business to create goods and services A) Customers. B) Competitors. C) Suppliers. D) Interest Groups. Show Answer Correct Answer: C) Suppliers. 4. How does the increase of global business operations affect the environment? A) It can lead to increased pollution and environmental degradation. B) It can encourage businesses to adopt more sustainable practices. C) It has no significant impact on the environment. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. South Africa's political environment is A) Stable. B) Unstable. C) Relatable. D) Responsive to citizens. Show Answer Correct Answer: B) Unstable. 6. What kind of mindset will help you learn despite the changing environments? A) Growth mindset. B) Fixed Mindset. C) All the above. D) None of the above. Show Answer Correct Answer: A) Growth mindset. 7. Which is an example of a Technological factor? A) Inflation rate. B) QR code payments. C) Tax increase. D) Consumer protection laws. Show Answer Correct Answer: B) QR code payments. 8. What is one factor of the external operating environment of a business? A) Customers. B) Competitors. C) Suppliers. D) Interest Groups. E) All of the above. Show Answer Correct Answer: E) All of the above. 9. Condition affecting business vary from region to region A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Quantity demanded refers to: A) The willingness of buyer and his affordability to pay the price for the economic good or service. B) An exact quantity (how much) of a good or service is demanded by consumers at a particular price. C) The number of goods or services that the provider is making available to the customers at each particular price. D) A particular point in the supply curve at a specific intersection point between a certain price and quantity. Show Answer Correct Answer: B) An exact quantity (how much) of a good or service is demanded by consumers at a particular price. 11. What can environmental factors include? A) Only technological changes. B) Only legal issues. C) Climate change and pollution. D) Only economic trends. Show Answer Correct Answer: C) Climate change and pollution. 12. Organisations use all of the following kinds of resource EXCEPT ..... resources A) Physical. B) Human. C) Financial. D) Political. Show Answer Correct Answer: D) Political. 13. A company facing high competitive rivalry in its industry is likely to do which of the following? A) Increase its market prices significantly. B) Focus on product differentiation. C) Ignore customer service to cut costs. D) Reduce production quality to save cost. Show Answer Correct Answer: B) Focus on product differentiation. 14. Apa pentingnya mendefinisikan sebuah masalah dalam bisnis? A) Ini membantu dalam membuat rencana pemasaran. B) Ini mengarah pada solusi yang lebih baik. C) Ini mengurangi biaya operasional. D) Ini meningkatkan kepuasan karyawan. Show Answer Correct Answer: B) Ini mengarah pada solusi yang lebih baik. 15. Which of the following is not an environmental factor affecting a business? A) Economic conditions. B) Technological changes. C) Government policies. D) Internal staff promotions. Show Answer Correct Answer: D) Internal staff promotions. 16. One way a business can be international is by producing goods in a different country but selling them domestically. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. Which of the following does not explain the impact of Government policy changes on business and industry? A) More demanding customers. B) Increasing competition. C) Change in agricultural prices. D) Market orientation. Show Answer Correct Answer: C) Change in agricultural prices. 18. 3) Identify out of the LPG, which one is highlighted:NDPL and BSES instead of Delhi Vidyut Board A) Liberalization. B) Privatization. C) Globalization. D) None. Show Answer Correct Answer: B) Privatization. 19. Societal attitudes and behaviours are considered apart of which business environment? A) Macro environment. B) Operating environment. C) Micro environment. D) None of the above. Show Answer Correct Answer: A) Macro environment. 20. Faisal is a manager, he thinks that to incentivise his team it is appropriate to compare them to each other and constantly talk about how some of them are hard-workers while the others are not doing enough. Is Faisal a good manager? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Which part of the five-sector circular flow of income model focuses on imports and exports? A) Government sector. B) Financial sector. C) Overseas sector. D) Business sector. Show Answer Correct Answer: C) Overseas sector. 22. What are the main categories of market segmentation? A) Location, Demographics and Income. B) Where they go to school. C) All the above. D) None of the above. Show Answer Correct Answer: A) Location, Demographics and Income. 23. TRUE OR FALSE:Demonetization is viewed as a tax administration measure. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 24. What does the market environment include? A) Government regulations. B) Global economic conditions. C) Internal business processes. D) External factors affecting the business. Show Answer Correct Answer: D) External factors affecting the business. 25. Which of the following is a component of the macro environment? A) Organizational culture. B) Economic conditions. C) Employee skills. D) Company policies. Show Answer Correct Answer: B) Economic conditions. ← 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