This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 48 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The macro-environment includes all of the following EXCEPT: A) Legal framework. B) Political environment. C) Employees. D) Technological environment. Show Answer Correct Answer: C) Employees. 2. 9) ITC planned for new hotels in India after knowing that increase in India's share of world tourism. Identify the importance of Business environment. A) It helps in tapping useful resources. B) It helps in coping rapid changes. C) It helps in assisting in planning and policy formulation. D) It helps in improving performance. Show Answer Correct Answer: C) It helps in assisting in planning and policy formulation. 3. TRUE OR FALSE:A retailer of gold jewelry is not affected by changes in the prices of gold. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 4. Which of the following is a reason a company might organize itself under the laws of a different country than its home country: A) To save on taxes. B) To remain competitive. C) To build brand value. D) To take advantage of technology. Show Answer Correct Answer: A) To save on taxes. 5. The forces in business environment that effect all the business houses are known as A) General. B) Specific. C) Particular. D) Influencial. Show Answer Correct Answer: A) General. 6. Which part of the internal environment are the most important asset? A) Owners/Managers. B) Employees. C) Organisational structure. D) Organisational culture. Show Answer Correct Answer: B) Employees. 7. High GDP with low population will result into A) Higher expenditure. B) High per capita income. C) High taxes. D) High levels of service. Show Answer Correct Answer: B) High per capita income. 8. A crisis is ..... A) A slow and anticipated change. B) Something a business will likely have a contingency plan for. C) Part of your mission and vision. D) None of the above. Show Answer Correct Answer: D) None of the above. 9. What is an example of a noneconomic want? A) A a haircut. B) B. sport ticket. C) C. a concert ticket. D) D. rain for the crops. Show Answer Correct Answer: D) D. rain for the crops. 10. The increase in demand for many ayurvedic medicines, health products and health services in the past few months, is related to the need for building immunity and increase awareness for health care due to the spread of corona virus. identify the feature of the business highlighted above. A) Specific and general forces. B) Interrelated. C) Relativeity. D) None of the above. Show Answer Correct Answer: B) Interrelated. 11. What is a company's marketing environment? A) Includes only existing customers. B) Includes every element that may affect its ability to connect with its customers. C) Only includes external components. D) Only includes internal elements. Show Answer Correct Answer: B) Includes every element that may affect its ability to connect with its customers. 12. The large number of Korean restaurants in Malaysia, is an example of ..... in cultural environment. A) Cultural convergence. B) Multi cultural. C) Social class. D) Family composition. Show Answer Correct Answer: B) Multi cultural. 13. Freedom in fixing prices of goods and services A) Liberalisation. B) Privatisation. C) Globalisation. D) None of the above. Show Answer Correct Answer: A) Liberalisation. 14. The various components of External Business Environment are ..... Choose the option that is not correct. A) Competitors. B) Customers. C) Regulators. D) Employees. Show Answer Correct Answer: D) Employees. 15. In the EU, money to support rural development and to encourage rural restructuring may be obtained chiefly from? A) The European Regional Development Fund. B) The European Social Fund. C) The Financial Instrument for Fisheries Guidance. D) The European Agricultural Fund. Show Answer Correct Answer: D) The European Agricultural Fund. 16. Which of the following is an example of an internal factor affecting a company's performance? A) Changes in government policies. B) Shifts in consumer preferences. C) Quality of leadership. D) Technological advancements. Show Answer Correct Answer: C) Quality of leadership. 17. Globalization can be an advantage for businesses because it A) Can contribute to a phenomenon called brain drain. B) Increases direct competition. C) Can help them cut costs for certain resources. D) Inhibits the ideas of other businesses. Show Answer Correct Answer: C) Can help them cut costs for certain resources. 18. In which year FERA is replaced with FEMA? A) 1999. B) 2000. C) 2001. D) 1973. Show Answer Correct Answer: A) 1999. 19. Which of the following is not an internal stakeholder group? A) Customers. B) Middle managers. C) Employees. D) Shareholders. Show Answer Correct Answer: A) Customers. 20. Which macro environmental factors influences the values the business operates under and guides the way they act? This could include Fair Trade choices and Sustainability practices. A) Ethical Factors. B) Environmental Factors. C) Economic Factors. D) Legal Factors. Show Answer Correct Answer: A) Ethical Factors. 21. Which analysis tool helps identify opportunities and challenges? A) PEST analysis. B) Market segmentation. C) Financial forecasting. D) SWOT analysis. Show Answer Correct Answer: D) SWOT analysis. 22. As per the Sale of Goods Act, property in the Good means A) Possession. B) Ownership and Title. C) Usage right. D) None of the above. Show Answer Correct Answer: B) Ownership and Title. 23. The presence of one or more competitors can reduce the prices of goods and services as the companies attempt to gain a larger market share. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. Which of these is an example of a business environment factor? A) The manager's decision. B) New government rules. C) The color of a company's logo. D) The size of the office. Show Answer Correct Answer: B) New government rules. 25. What does the complexity of the business environment involve? A) Multiple interconnected factors that can influence each other. B) A single factor that determines business success. C) Only external factors affecting business. D) A straightforward analysis of business conditions. Show Answer Correct Answer: A) Multiple interconnected factors that can influence each other. ← 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