This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 25 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Select the argument against Social Responbility. A) 1. Social responsibility creates a favourable public image. B) 2. Business is not really accountable to society. C) 3. Social responsibility would create excessive costs for business. D) Both 2 and 3. Show Answer Correct Answer: D) Both 2 and 3. 2. Corporate Social Responsibility is a must practice for all organisations as this will encourage the growth of country economic. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 3. What can governments do to support businesses in the global economy? A) Invest in education and training to develop a skilled workforce. B) Create a supportive regulatory environment for businesses. C) Promote trade and investment. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. A characteristic of a seller's market is: A) A lower profits. B) B. higher prices. C) C. larger supply. D) D. smaller demand. Show Answer Correct Answer: B) B. higher prices. 5. Software companies mainly located at some places because of A) Government incentives. B) Abundant supply of man power. C) Easy transport facilities. D) All of these. Show Answer Correct Answer: D) All of these. 6. Apa istilah yang digunakan untuk menggambarkan konsentrasi geografis perusahaan dan lembaga yang saling terhubung dalam bidang tertentu? A) Klaster bisnis. B) Zona ekonomi. C) Distrik industri. D) Pusat korporat. Show Answer Correct Answer: C) Distrik industri. 7. As a result of Economic Reforms, the production-oriented approach has been replaced by ..... A) Market Oriented Approach. B) Seller Oriented Approach. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: A) Market Oriented Approach. 8. How does globalization impact the business environment? A) It reduces competition. B) It simplifies business operations. C) It isolates businesses within their domestic markets. D) It creates new markets and opportunities but also increases competition and complexity. Show Answer Correct Answer: D) It creates new markets and opportunities but also increases competition and complexity. 9. What is the primary objective of a business? A) To engage in social responsibility. B) To create wealth. C) To provide employment. D) To satisfy customer needs. Show Answer Correct Answer: B) To create wealth. 10. McDonald's made significant changes in ingredients of finger chips in India. Identify the dimension of business environment which is responsible for this step of McDonald's? A) Social environment. B) Political environment. C) Economic environment. D) Legal environment. Show Answer Correct Answer: A) Social environment. 11. Even though the political conditions vary from country to country, they impact the sentiment of the investor in the business.If there instability of political condition cause uncertainity and make it difficult for him to predict the future. which feature of the business environment is highlighted in the above statement? A) Specific and general forces. B) Dynamic nature. C) Relativelty. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. What does the 'T' stand for in SMART goals? A) Tough. B) Test. C) True. D) Timely. Show Answer Correct Answer: D) Timely. 13. Which among the following is not a componentbof economic environment? A) Economic environment. B) Political environment. C) Legal environment. D) Technological environment. Show Answer Correct Answer: B) Political environment. 14. What is the role of the judiciary in the political environment? A) Making laws. B) Enforcing laws. C) Determining the method of government working. D) Creating economic policies. Show Answer Correct Answer: C) Determining the method of government working. 15. Organisasi Internasional yang mengatur perdagangan internasional adalah A) United Nation. B) NATO. C) WTO. D) IMF. Show Answer Correct Answer: C) WTO. 16. Olivia and Benjamin are considering forming a joint venture to launch a new product. How does forming a joint venture reduce their risk? A) Allowing costs to be shared. B) Ensuring business success. C) Increasing technology. D) Cutting down on taxes. Show Answer Correct Answer: A) Allowing costs to be shared. 17. SAPS, Johannesburg Hospital, and Randpark High School are part of which business world sector? A) Private. B) Formal. C) Public. D) Informal. Show Answer Correct Answer: C) Public. 18. This characteristic of a mixed economy states that the vast majority of labor, resources, and capital goods are owned by individuals rather than by the government. A) Private Property. B) Freedom of enterprise and choice. C) Motive of Self-Interest. D) Competition. Show Answer Correct Answer: A) Private Property. 19. Buyer power is high if: A) Differentiation is low. B) Switching costs are low. C) They have little information. D) The buyer requires a high quality product for their own production. Show Answer Correct Answer: B) Switching costs are low. 20. Which of the following is a drawback of environmental analysis? A) It simplifies the decision-making process completely. B) It provides absolute certainty about future trends. C) It may lead to information overload, making analysis difficult. D) It eliminates the need for strategic planning. Show Answer Correct Answer: C) It may lead to information overload, making analysis difficult. 21. Photostat machines replaced carbon paper. Which environment is involved? A) Economic. B) Political. C) Technological. D) Social. Show Answer Correct Answer: C) Technological. 22. Population of Malaysian in 2019 A) 32.45 billion. B) 29 million. C) 32.45 million. D) 29 billion. Show Answer Correct Answer: C) 32.45 million. 23. What is a business primarily aimed at? A) Playing games. B) Satisfying human needs. C) Creating art. D) Building houses. Show Answer Correct Answer: B) Satisfying human needs. 24. How a company is situated relative to its competitors is referred to as: A) Competitive advantage. B) Market share. C) Brand leadership. D) Bargaining power. Show Answer Correct Answer: A) Competitive advantage. 25. Which of the following is not an interest group for a business? A) Professional Associations. B) Trade Unions. C) Public Interest Groups. D) Government. Show Answer Correct Answer: D) Government. ← 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