This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 24 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the three financial statements? A) Balance sheet, equity statement, and revenue statement. B) Balance sheet, income statement, and cash-flow statement. C) Asset statement, liability statement, and income statement. D) Cash-flow statement, accrual statement, and depreciation statement. Show Answer Correct Answer: B) Balance sheet, income statement, and cash-flow statement. 2. How does political instability affect businesses? A) It increases customer demand for products. B) It creates uncertainty and risks for businesses. C) It improves the efficiency of production processes. D) It reduces the need for government regulations. Show Answer Correct Answer: B) It creates uncertainty and risks for businesses. 3. The Reserve Bank of India reduces CRR (Cash Reserve Ratio) by 0.5% to control recession.This is related to which dimension of Business Environment. A) Political Environment. B) Social Environment. C) Economic Environment. D) Legal Environment. Show Answer Correct Answer: C) Economic Environment. 4. Introduction of mobile phones have negatively effected the business of cameras and watchesit is related to A) Technological Environment. B) Social Environment. C) Economic Environment. D) Politial Environment. Show Answer Correct Answer: A) Technological Environment. 5. A common tool used to evaluate the Macro environment is the ..... analysis. A) SWOT. B) PESTLE. C) Porter's 5 forces. D) Scenario planning. Show Answer Correct Answer: B) PESTLE. 6. Which of the following are responsible for making fiscal policy decision? A) The President and Congress. B) The Federal Reserve System. C) The National Council of Economic Advisors. D) The commerce Department. Show Answer Correct Answer: A) The President and Congress. 7. Subsidies are part of which environment? A) Political. B) Social. C) Economic. D) Legal. Show Answer Correct Answer: A) Political. 8. Apa definisi lingkungan bisnis? A) Faktor-faktor eksternal yang mempengaruhi sebuah organisasi. B) Faktor-faktor internal yang mempengaruhi sebuah organisasi. C) Status keuangan sebuah organisasi. D) Strategi pemasaran sebuah organisasi. Show Answer Correct Answer: A) Faktor-faktor eksternal yang mempengaruhi sebuah organisasi. 9. How does competition impact a business in the market environment? A) Competition encourages innovation, improves quality, lowers prices, and can reduce profit margins. B) Competition leads to higher prices for consumers. C) Competition guarantees higher profit margins for all businesses. D) Competition eliminates the need for innovation. Show Answer Correct Answer: A) Competition encourages innovation, improves quality, lowers prices, and can reduce profit margins. 10. What should you do before using any equipment you're unfamiliar with? A) Test it to see how it works. B) Assume it functions like similar equipment. C) Ask a coworker to demonstrate. D) Read the operating instructions and safety guidelines. Show Answer Correct Answer: D) Read the operating instructions and safety guidelines. 11. 4) It is fascinating to know that the clothing items of the multinational apparel brands are customized to suit the preferences of the local people. Zara, apparel market leader changed its products to suit new market to accommodate their style. Company even reduced the product price by close to 10-20% to suit Indian pockets. Identify the feature of business Environment . A) Totality of external forces. B) Dynamic. C) Inter-related. D) Relativity. Show Answer Correct Answer: D) Relativity. 12. Which sector contributes DIRECTLY to the Gross Domestic Profit (GDP) of South Africa A) Formal. B) Private. C) Public. D) Informal. Show Answer Correct Answer: A) Formal. 13. If a new Government is elected, this would be a ..... ? A) Political change. B) Economic change. C) Legal change. D) Technological change. Show Answer Correct Answer: A) Political change. 14. What is a characteristic of legal factors? A) They are static and unchanging. B) They can be introduced, amended, and changed. C) They are irrelevant to small businesses. D) They are only applicable to international companies. Show Answer Correct Answer: B) They can be introduced, amended, and changed. 15. "The U.S. Federal Reserve is almost certain to hike interest rates Wednesday to the highest level in a decade:1.5 to 1.75 percent. '' A) Fiscal policy. B) Monetary policy. C) All the above. D) None of the above. Show Answer Correct Answer: B) Monetary policy. 16. An increase in interest rates encourages increases in: A) Savings. B) Borrowing. C) Consumer spending. D) None of the above. Show Answer Correct Answer: A) Savings. 17. How does education level impact global trade? A) Higher education leads to a more skilled workforce. B) Higher education leads to increased unemployment rates in global markets. C) Lower education levels decrease workforce efficiency, harming global trade. D) Education has no significant effect on trade dynamics or economic growth. Show Answer Correct Answer: A) Higher education leads to a more skilled workforce. 18. A document that is signed off by all owners when the company is formed is a: A) Memorandum of association. B) Articles of association. C) All the above. D) None of the above. Show Answer Correct Answer: A) Memorandum of association. 19. Which of these is an example of social environment? A) Cell phones have taken over the market from landline phone. B) There has been a movement for improving education facilities for girls. This would lead to increase in the demand for school dress, books, stationery, etc. C) To tackle the problem of recession, RB has allowed the commercial banks to reduce the interest rates on. D) Artificial fibre cloth has killed the pure cotton textiles industries. Show Answer Correct Answer: B) There has been a movement for improving education facilities for girls. This would lead to increase in the demand for school dress, books, stationery, etc. 20. Specific environment of business includes- A) Investors & customers. B) Investors & customers & social environment. C) Competitors. D) Investors, Suppliers, Competitors & Customers. Show Answer Correct Answer: D) Investors, Suppliers, Competitors & Customers. 21. A business which has offices in several countries must perform all financial operations in one country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. What is the external environment in the context of a business? A) An area where a business has full control over factors. B) An area where a business has little or no control over factors. C) An area controlled by competitors. D) An internal part of the business structure. Show Answer Correct Answer: B) An area where a business has little or no control over factors. 23. Metode mana yang digunakan untuk mengumpulkan data tentang kebutuhan pelanggan? A) Menghindari interaksi. B) Terbatasnya penelitian. C) Fokus pada asumsi. D) Menelusuri. Show Answer Correct Answer: D) Menelusuri. 24. Demonetisation has lead to: A) Depletion of public wealth. B) Reduced digitalisation. C) Rise in tax evasion. D) Decreased real estate prices. Show Answer Correct Answer: D) Decreased real estate prices. 25. ..... is referred to as something that has never been made before, or the process of creating something that has never been made before. A) Resource. B) Technology. C) Invention. D) Skill. Show Answer Correct Answer: C) Invention. ← 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