This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 38 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 38 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does the term global business environment refer to? A) The term describes only the economic conditions of a country. B) It refers to the internal dynamics of a single company. C) The global business environment is limited to local market trends. D) The international factors that affect business operations. Show Answer Correct Answer: D) The international factors that affect business operations. 2. An organisation with 60 employees would be categorised as a xxxxxx business A) Micro. B) Small. C) Medium. D) Large. Show Answer Correct Answer: C) Medium. 3. Which of the following term used in business operation is not the element of Micro external business environment? A) Invoice. B) Surchage. C) Customer. D) Contract cleaner. Show Answer Correct Answer: B) Surchage. 4. The Government increase the national minimum wage, how will this affect businesses? A) Negative effect due to employment cost increases. B) Positive effect as staff will be more motivated. C) Neutral effect, it won't make any difference. D) None of the above. Show Answer Correct Answer: A) Negative effect due to employment cost increases. 5. A public school is a tenant of which economic system? A) Socialism. B) Capitalism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Socialism. 6. What can businesses do to mitigate the challenges of global business operations? A) Carefully research the regulatory and legal environments of the countries in which they operate. B) Develop training programs to help employees understand and adapt to cultural differences. C) Invest in measures to protect their intellectual property rights. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. 6) Attractive rate of interest on home loans have increased the demand for homes and has given a boost to the business to the business builders and property dealers. Which dimension of business environment is highlighted by the statement? A) Political environment. B) Social environment. C) Economic environment. D) Legal environment. Show Answer Correct Answer: C) Economic environment. 8. Acting after watching paid review by Aiman Tino is example of influenced by ..... A) Primary reference group. B) Secondary reference group. C) Families. D) Favourite artist. Show Answer Correct Answer: B) Secondary reference group. 9. Question 10:What encompasses the economic environment of a business? A) Laws and regulations. B) Inflation, unemployment, and economic growth. C) Corporate governance policies. D) Social responsibilities of businesses. Show Answer Correct Answer: B) Inflation, unemployment, and economic growth. 10. What is digital waste (e-waste)? A) Any type of digital/electronical equipment that is no longer used and is discarded. B) The amount of data stored on a computer. C) The number of emails sent by a company. D) The total number of digital devices owned by a household. Show Answer Correct Answer: A) Any type of digital/electronical equipment that is no longer used and is discarded. 11. Which stakeholder relationship is crucial for the internal environment? A) Government and citizens. B) Shareholders, employees, and board of directors. C) NGOs and community. D) Foreign investors and public. Show Answer Correct Answer: B) Shareholders, employees, and board of directors. 12. Which type of emergency plan is most useful for a workplace prone to flooding? A) Fire evacuation plan. B) Shelter-in-place plan. C) Chemical spill response plan. D) Flood response and evacuation plan. Show Answer Correct Answer: D) Flood response and evacuation plan. 13. Equality A) Communism. B) Capitalism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Communism. 14. ..... is an approach that ignores Ethical Considerations. A) Household Model. B) Moral management. C) Vendor Model. D) Amoral Management. Show Answer Correct Answer: D) Amoral Management. 15. Which is NOT part of non-economic environment? A) Customs. B) Technology. C) Population. D) Income level. Show Answer Correct Answer: D) Income level. 16. What do suppliers provide to a company? A) Raw materials, services, and goods. B) Only goods. C) Only services. D) Only raw materials. Show Answer Correct Answer: A) Raw materials, services, and goods. 17. Question 8:What role do suppliers play in the task environment? A) They are competitors for the business. B) They provide the resources needed for production. C) They create consumer demand. D) They regulate market practices. Show Answer Correct Answer: B) They provide the resources needed for production. 18. Question 10:Which of the following is NOT typically considered a component of the general business environment? A) Economic factors. B) Technological factors. C) Competitor dynamics. D) Cultural factors. Show Answer Correct Answer: C) Competitor dynamics. 19. Customer, competitors, supplier and special interest groups are all part of the which environment A) Internal. B) Macro. C) Operating. D) External. Show Answer Correct Answer: C) Operating. 20. Is the following statement true or false? Enterprise environmental factors (EEFs) are conditions either internal or external to the organization that are not under the control of the project team, which can influence, constrain, or direct the project at the organizational, portfolio, program, or project level. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. Global expansion in a company is an example of a(n) A) Strength. B) Weakness. C) Opportunity. D) Threat. Show Answer Correct Answer: C) Opportunity. 22. Which of these is an example of a social environment factor? A) Changes in government. B) Customer preferences. C) Rate of inflation. D) Import-export policies. Show Answer Correct Answer: B) Customer preferences. 23. What is the role of suppliers in the micro environment? A) They manage human resources. B) They set government policies. C) They provide raw materials. D) They create competition. Show Answer Correct Answer: C) They provide raw materials. 24. An examination of the organization's Strengths, Weaknesses, Opportunity & Threats A) Business Plan of Action. B) SWOT Analysis. C) PEST Analysis. D) Mission Statement. Show Answer Correct Answer: B) SWOT Analysis. 25. A country with advanced technology and strong infrastructure is most likely to: A) Experience high unemployment and poverty rates. B) Struggle with outdated infrastructure and services. C) Face technological stagnation and decline. D) Compete successfully in international markets. Show Answer Correct Answer: D) Compete successfully in international markets. ← 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