This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 28 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 28 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Why do suppliers want a business to be profitable? A) To receive dividends. B) So they get paid promptly and can develop a long-term relationship. C) To avoid taxes. D) To reduce competition. Show Answer Correct Answer: B) So they get paid promptly and can develop a long-term relationship. 2. When was the WTO set up? A) 1995. B) 1949. C) 1945. D) 1980. Show Answer Correct Answer: A) 1995. 3. What is the European Commission organised into? A) Councils of Ministers. B) Directorates-General. C) Commissioners. D) Individual commissions?. Show Answer Correct Answer: B) Directorates-General. 4. Swachcha bharat abhiyaan started by bjp government is a part of A) Legal environment. B) Social environment. C) Political environment. D) Economic environment. Show Answer Correct Answer: C) Political environment. 5. ..... environment includes policies of the government. A) Demographic. B) Technological. C) Economic. D) Social. Show Answer Correct Answer: C) Economic. 6. If you were using Email to chat on the company intranet, who might you be talking to? A) Your mom. B) Your manager. C) Your roommate. D) Someone in another company. Show Answer Correct Answer: B) Your manager. 7. How have economic reforms impacted the tourism sector in India? A) Economic reforms have primarily focused on agriculture, neglecting tourism. B) Economic reforms have significantly boosted the tourism sector in India by increasing accessibility, attracting foreign investment, and promoting domestic tourism. C) Economic reforms have led to a decline in tourism due to increased costs. D) Tourism in India has remained unchanged despite economic reforms. Show Answer Correct Answer: B) Economic reforms have significantly boosted the tourism sector in India by increasing accessibility, attracting foreign investment, and promoting domestic tourism. 8. How does the increase of global business operations affect the role of governments? A) It requires governments to adapt their policies and regulations to the global economy. B) It reduces the power of governments to regulate businesses. C) It has no significant impact on the role of governments. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. *Innovation*Rate of technology changes*Automation*Research and development etc . are fall under ..... environment . A) Economic. B) Political. C) Social. D) Technical. Show Answer Correct Answer: D) Technical. 10. What is the economic environment of business? A) Overall economic factors that influence a company's operations. B) Only the financial performance of a business. C) The social and cultural aspects of business. D) The legal regulations affecting business. Show Answer Correct Answer: A) Overall economic factors that influence a company's operations. 11. Which of the following internal stakeholders are interested in the day-to-day operations of a business and meeting operational objectives? A) Supervisors and foremen. B) Senior managers. C) Government. D) Shareholders. Show Answer Correct Answer: A) Supervisors and foremen. 12. A threat whether actual or perceived is known as A) Physical threat. B) Intimidation threat. C) Advocacy threat. D) None of the above. Show Answer Correct Answer: B) Intimidation threat. 13. A slogan, logo or jingle must be??? for it to be effective. A) Short. B) Loud. C) Memorable. D) Silly. Show Answer Correct Answer: C) Memorable. 14. Tax on company's profit is known as A) Gift tax. B) Income tax. C) Capital gains tax. D) Corporation tax. Show Answer Correct Answer: D) Corporation tax. 15. Does low industry concentration lead to intense rivalry among competitors? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 16. Which of the following is NOT a component of the business environment? A) Government policies and regulations. B) Nature of the economy. C) Both of the option. D) None of the option. Show Answer Correct Answer: D) None of the option. 17. Which of the following is not a primary objective of trade unions? A) Protecting workers' rights. B) Improving working conditions. C) Securing fair wages and benefits. D) Maximizing employer's profit. Show Answer Correct Answer: D) Maximizing employer's profit. 18. One of the challenges of the market economic system is that it: A) Lacks competition and efficiency. B) Has low levels of inequality and unemployment. C) Emphasises the customs, traditions and beliefs of a country. D) Lacks strong regulatory oversight by the government. Show Answer Correct Answer: D) Lacks strong regulatory oversight by the government. 19. Face book, Twitter and WhatsApp is the result of A) Political environment. B) Legal environment. C) Technological environment. D) Social environment. Show Answer Correct Answer: C) Technological environment. 20. The political environment includes: A) Laws and government stability. B) Festivals. C) Technology. D) Education. Show Answer Correct Answer: A) Laws and government stability. 21. What does a company's ethical environment refer to? A) Only the company's internal ethical policies. B) Only the ethical standards of the country where the company is located. C) Both the company's internal ethical policies and the ethical standards of the country where the company is located. D) Only the ethical standards of the countries where the company's customers are located. Show Answer Correct Answer: C) Both the company's internal ethical policies and the ethical standards of the country where the company is located. 22. Which factor does not fall under the economic environment? A) Interest rates. B) Inflation rate. C) Population growth. D) GDP Growth. Show Answer Correct Answer: C) Population growth. 23. Do high barriers to entry reduce the threat of new competitors in an industry? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 24. Saigon Halal restaurant is an example of ..... restaurant that exist because of multi society in Malaysia. A) Korea. B) Japan. C) Thailand. D) Vietnam. Show Answer Correct Answer: D) Vietnam. 25. What does the term R&D mean? A) Read and Draw. B) Research and Development. C) Run and Duck. D) Revise and Develop. Show Answer Correct Answer: B) Research and Development. ← 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