This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 46 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 46 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one belongs to the task environment? A) Managers. B) Competitors. C) Board of Directors. D) Office Building. Show Answer Correct Answer: B) Competitors. 2. What are the power suppliers and the target market? A) Equal balanced competitors. B) High fixed cost. C) Reducing availability product. D) Storage cost. Show Answer Correct Answer: C) Reducing availability product. 3. Does high switching cost reduce the threat of substitute products for consumers? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 4. A system in which property is privately owned and economic decisions are privately made is called ..... A) Capitalism. B) Socialism. C) Both of the above. D) None of the above. Show Answer Correct Answer: A) Capitalism. 5. Which of the following is a source of pressure that is NOT part of the macro environment? A) Economy. B) Government. C) Customers. D) Global crisis. Show Answer Correct Answer: C) Customers. 6. Internalization advantages refer ..... A) To justify the choice of investment location. B) To the advantages that MNCs can gain by directly controlling their value-creation activities. C) To move production to low-cost countries. D) None of the above. Show Answer Correct Answer: B) To the advantages that MNCs can gain by directly controlling their value-creation activities. 7. Question 2:Which of the following is NOT a factor of the macro-environment? A) Economic conditions. B) Political stability. C) Supplier relationships. D) Technological advancements. Show Answer Correct Answer: C) Supplier relationships. 8. Apa hasil potensial dari empati yang efektif dalam bisnis? A) Peningkatan loyalitas pelanggan. B) Biaya operasional yang lebih tinggi. C) Kurang riset pasar. D) Kualitas produk yang menurun. Show Answer Correct Answer: A) Peningkatan loyalitas pelanggan. 9. What incentives are provided to support small scale tourism enterprises in India? A) Free accommodation for all tourists. B) Mandatory government employment for all tourism workers. C) Unlimited access to national parks without permits. D) Financial assistance, skill development programs, tax exemptions, and marketing support. Show Answer Correct Answer: D) Financial assistance, skill development programs, tax exemptions, and marketing support. 10. Iberalization means A) Reducing number of reserved industries from 17 to 8. B) Liberating the industry, trade and economy from unwanted restrictions. C) Free determination of interest rates. D) None of the above. Show Answer Correct Answer: B) Liberating the industry, trade and economy from unwanted restrictions. 11. Which type of business is usually focussed on selling services rather than goods and does not have conventional employees but rather "gig" workers? A) Online business. B) Offshore business. C) On-demand business. D) Not-for-profit business. Show Answer Correct Answer: C) On-demand business. 12. 6) Now the paint companies use computers to mix the colours to come out with consumers desired shades for whitewash purpose. Which dimension? A) Social dimension. B) Technological dimension. C) Economic dimension. D) Legal dimension. Show Answer Correct Answer: B) Technological dimension. 13. The organization's ..... provide the company with the financial support it needs. A) Customers. B) Employees. C) Investors or owners. D) Pressure groups. Show Answer Correct Answer: C) Investors or owners. 14. Ms. Payal ventured into her business of making different types of pickles. She got a good response in the nothern part of India but the product was not accepted in the southern states, as they have yet not developed the taste of pickle in mustard oil.Identify the feature of business environment. A) Inter-relatedness. B) Uncertainity. C) Dynamic. D) Relativity. Show Answer Correct Answer: D) Relativity. 15. Workers can improve their lives by starting a violent revolution against the capitalist system A) Communism. B) Capitalism. C) All the above. D) None of the above. Show Answer Correct Answer: A) Communism. 16. Contract is a legally binding agreement which is enforceable in a court of law A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. Environmental scanning only focuses on the external environments (macro and market) A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 18. What is meant by political stability in the context of business environment? A) Political stability means a predictable political climate that fosters confidence for investment and operations. B) Political stability refers to the absence of any government regulations. C) Political stability is characterized by high levels of corruption and instability. D) Political stability means frequent changes in leadership and policies. Show Answer Correct Answer: A) Political stability means a predictable political climate that fosters confidence for investment and operations. 19. The term business environment means the sum total of A) All individuals. B) Institutions. C) Other forces that are outside. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Theory X is type of management that often felt that all workers are lazy and need to be monitor all the time. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. What is the definition of business environment? A) The business environment is the sum of all external and internal factors that affect a business's operations. B) The business environment refers to the physical location of a business. C) The business environment only includes internal company policies. D) The business environment is solely determined by government regulations. Show Answer Correct Answer: A) The business environment is the sum of all external and internal factors that affect a business's operations. 22. Which of the following is a key aspect of the social environment? A) Technological changes. B) Legal regulations. C) Class structure of society. D) Economic policies. Show Answer Correct Answer: C) Class structure of society. 23. What are the factors that affect Business Environment? A) Market trends and consumer preferences. B) Employee satisfaction and morale. C) Environmental sustainability practices. D) Economic conditions, political factors, legal regulations, technological changes, social and cultural influences, and competition. Show Answer Correct Answer: D) Economic conditions, political factors, legal regulations, technological changes, social and cultural influences, and competition. 24. The macro environment includes all of the following EXCEPT: A) Political factors. B) Economic conditions. C) Company policies. D) Technological developments. Show Answer Correct Answer: C) Company policies. 25. The policy that deals with revenues and expenditures of A) Monetary policy. B) Fiscal policy. C) Tax policy. D) Revenue policy. Show Answer Correct Answer: B) Fiscal policy. ← 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