This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 34 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What must businesses do when there is pressure from the macro environment? A) Ignore the pressure. B) Comply with the pressures. C) Increase prices. D) Reduce employee wages. Show Answer Correct Answer: B) Comply with the pressures. 2. Business and its environment are ..... A) Separable. B) Inseparable. C) Unrelated. D) Not related. Show Answer Correct Answer: B) Inseparable. 3. In a large organization that utilizes a project management office (PMO), who is responsible for managing the governance of projects? A) The project managers of the individual projects within the PMO. B) The PMO. C) The organization's governance committee. D) The organization's change control board. Show Answer Correct Answer: B) The PMO. 4. Which of the following is an example of a threat in the external environment? A) Economic boom. B) New competitors entering the market. C) Favorable demographics. D) Increased consumer demand. Show Answer Correct Answer: B) New competitors entering the market. 5. ..... is a period of above normal general price increases, as reflected in the consumer and wholesale price index. A) Inflation. B) Interest rates. C) Changing of options. D) People's spending habit. Show Answer Correct Answer: A) Inflation. 6. It is the degree to which a society emphasizes individual accomplishments versus collective accomplishments. A) Individualism-Collectivism. B) Masculinity-Femininity. C) Time Orientation. D) Power Distance. Show Answer Correct Answer: A) Individualism-Collectivism. 7. "Baby milk powder should necessarily inform the buyers that mothers milk is the best for the baby." Which component of business environment is highlighted in this case? A) Economic environment. B) Social environment. C) Political environment. D) Legal environment. Show Answer Correct Answer: D) Legal environment. 8. What can happen if a company fails to comply with legal regulations? A) Lower operational costs. B) Enhanced customer loyalty. C) Fines and reputational damage. D) Increased market share. Show Answer Correct Answer: C) Fines and reputational damage. 9. It summarizes the cash receipts and cash disbursements for the accounting period. A) Statement of Financial Position. B) Income Statement. C) Statement of Cash Flows. D) Statement of Changes in Owner's Equity. Show Answer Correct Answer: C) Statement of Cash Flows. 10. In a command economy, economic decisions are made by the A) Consumers. B) Market. C) Government. D) Producers. Show Answer Correct Answer: C) Government. 11. Fiscal Policy is controlled by ..... A) The Government. B) The Federal Reserve System. C) The states. D) The Department of Commerce. Show Answer Correct Answer: A) The Government. 12. Which of the following is a way that businesses can plan proactively for environmental changes: A) Buying advertising time on TV. B) Conducting research on a new market. C) Publishing an annual report. D) Reviewing last year's tax code. Show Answer Correct Answer: B) Conducting research on a new market. 13. According to the European Commission, a business that employs fewer than 250 persons and has an annual turnover not exceeding EUR 50 million is classified as A) Public Limited Company. B) Medium Enterprise. C) Small and medium sized enterprise. D) Sole proprietership. Show Answer Correct Answer: C) Small and medium sized enterprise. 14. Which of the following best defines the term business environment? A) The internal rules and policies of a company. B) The totality of external and internal factors that affect a business. C) Only the economic policies of a government. D) The human resource practices within an organization. Show Answer Correct Answer: B) The totality of external and internal factors that affect a business. 15. Apa peran tren dalam menganalisis lingkungan bisnis? A) Tren hanya mempengaruhi perusahaan besar. B) Tren memperumit pengambilan keputusan. C) Tren memberikan wawasan tentang perubahan pasar. D) Tren tidak relevan. Show Answer Correct Answer: C) Tren memberikan wawasan tentang perubahan pasar. 16. The PESTLE analysis is used to analyse which business environment? A) Micro Environment. B) Market Environment. C) Macro Environment. D) Industry Environment. Show Answer Correct Answer: C) Macro Environment. 17. What role does customer feedback play in a company's marketing environment? A) To help in improving the quality of goods. B) To help in improving the marketing strategies. C) To help in both improving the quality of goods and marketing strategies. D) It does not play any role. Show Answer Correct Answer: C) To help in both improving the quality of goods and marketing strategies. 18. 10) HUL and several other FMCG companies launched small sachets of shampoo and other products according to the needs of the customers. A) Enables firm to identify opportunities and first mover advantage. B) Helps in tapping useful resources. C) Helps in assisting in planning and policy formulation. D) It helps in improving performance. Show Answer Correct Answer: D) It helps in improving performance. 19. What type of business activity does a Vulcanizing shop has? A) Service. B) Merchandising. C) Manufacturing. D) None of the above. Show Answer Correct Answer: A) Service. 20. Which of the following is a secondary stakeholder? A) Employees. B) Competitors. C) Shareholder. D) Management. Show Answer Correct Answer: B) Competitors. 21. Tax on factory workers weekly wage is known as A) Gift tax. B) Income tax. C) Corporation tax. D) VAT. Show Answer Correct Answer: B) Income tax. 22. Business and environment are inseparable from each other. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. Which of the following is the BEST definition of GDP? A) The total value of all goods and services produced by South African companies worldwide. B) The total income earned by all individuals and businesses in South Africa, including international trade. C) The total value of all final goods and services produced within South Africa's borders in a given period. D) The difference between a country's exports and imports. Show Answer Correct Answer: C) The total value of all final goods and services produced within South Africa's borders in a given period. 24. The following are key trends in age structure of the population EXCEPT A) Significant growth of very young people. B) Growing numbers of elderly people. C) Curently rising number young people. D) All og the above. Show Answer Correct Answer: A) Significant growth of very young people. 25. If an economy experiences a dramatic rise in prices, which fiscal policy action could be taken? A) Selling securities on the open market. B) Raising interest rates. C) Reducing government spending. D) Raising reserve requirements. Show Answer Correct Answer: C) Reducing government spending. ← 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