This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 23 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Are press/media coverage of your company always considered a threat instead of an opportunity? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: B) No. 2. Tax administration measure is a feature of: A) Liberalisation. B) Demonetisation. C) Privatisation. D) Globalisation. Show Answer Correct Answer: B) Demonetisation. 3. Technological environment is A) Static. B) Dynamic. C) Rigid. D) None of these. Show Answer Correct Answer: B) Dynamic. 4. Identify the environment factor which requires that advertisement of baby food must inform the potential buyers that mother's milk is best. A) Social. B) Technological. C) Legal. D) Economic. Show Answer Correct Answer: C) Legal. 5. Which factor most strongly connects national economies worldwide? A) Foreign investments. B) Currency fluctuations. C) Technology and transportation. D) Global tourism. Show Answer Correct Answer: C) Technology and transportation. 6. The business environment includes: A) Only internal factors. B) Only external factors. C) Both internal and external factors. D) Only competitors. Show Answer Correct Answer: C) Both internal and external factors. 7. 'Representative democracy' is a political system where: A) Citizens elect members of parliament to vote on issue on their behalf. B) Citizens of a country have certain rights and responsibilities they must fulfil. C) All citizens vote on all issues that have a direct impact on them. D) All citizens of a country share the ruling powers. Show Answer Correct Answer: A) Citizens elect members of parliament to vote on issue on their behalf. 8. What does a company's microenvironment include? A) Only the company's internal environment. B) Only the company's external environment. C) Both the company's internal and external environment. D) Neither the company's internal nor external environment. Show Answer Correct Answer: C) Both the company's internal and external environment. 9. What is a common challenge in the micro environment? A) High employee turnover. B) Competition among businesses. C) Changes in government regulations. D) Technological advancements in production. Show Answer Correct Answer: B) Competition among businesses. 10. Which is an example of a macro factor A) Research and development. B) Interest rate. C) Climate change. D) None of the above. Show Answer Correct Answer: B) Interest rate. 11. Negative factors that are beyond the control of the Parks Management. A) Strength. B) Weaknesses. C) Opportunities. D) Threat. Show Answer Correct Answer: D) Threat. 12. What does the political environment include? A) Stability and peace in the country. B) Cultural values. C) Technological advancements. D) Only economic policies. Show Answer Correct Answer: A) Stability and peace in the country. 13. A business enterprise exists and operates within an environment consisting of ..... A) Social. B) Economical. C) Cultural. D) Political. E) All of the above. Show Answer Correct Answer: E) All of the above. 14. As per the Ratings agency ICRA, what is the estimated real GDP Growth of India in FY 2022? A) 11.5%. B) 12.5%. C) 9%. D) 11%. Show Answer Correct Answer: C) 9%. 15. How does the business environment influence decision-making? A) It shapes managerial decisions regarding various aspects. B) It has no impact on decision-making. C) It only affects marketing decisions. D) It simplifies the decision-making process. Show Answer Correct Answer: A) It shapes managerial decisions regarding various aspects. 16. An example of expansionary fiscal policy would be A) Cutting taxes. B) Cutting government spending. C) Cutting production of consumer goods. D) Cutting prices of consumer goods. Show Answer Correct Answer: A) Cutting taxes. 17. Why should businesses study their environment? A) To improve decision-making and growth. B) To ignore market changes. C) To avoid external factors. D) To copy other businesses. Show Answer Correct Answer: A) To improve decision-making and growth. 18. How can a business reduce the risk of failure? A) By selling less products. B) By keeping the cost of their products low. C) By carrying out market research. D) By staying open late. Show Answer Correct Answer: C) By carrying out market research. 19. The economic resource where people work to produce goods or services are: A) A capital goods. B) B. human resources. C) C. natural resources. D) D. noneconomic goods. Show Answer Correct Answer: B) B. human resources. 20. 6) True or False:After Globalization means integration of Indian economy with the European Economy. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 21. When people who are blacklisted/unable to get credit at the bank, loan small amounts of money at large interest rates from someone willing to take a higher risk A) Microlending. B) Micro loan. C) Demographics. D) Gambling. Show Answer Correct Answer: A) Microlending. 22. Which of the following is a characteristic of the technological environment? A) It includes cultural and social values. B) It focuses on government policies and regulations. C) It involves advancements like automation and artificial intelligence. D) It is influenced by national income and inflation rates. Show Answer Correct Answer: C) It involves advancements like automation and artificial intelligence. 23. A recognised definition of an organisations is ..... A) A sole trader working alone. B) A group of people working to make money. C) A group of people who work together in an organised way for a shared purpose. D) Working individually to achieve a goal. Show Answer Correct Answer: B) A group of people working to make money. 24. Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is- A) Totality of external forces. B) Dynamic nature. C) Interrelatedness. D) Relativity. Show Answer Correct Answer: C) Interrelatedness. 25. Which among the following is not opened for private sector participation A) Power sector. B) Telecommunication sector. C) Education sector. D) Railways. Show Answer Correct Answer: D) Railways. ← 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