This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 49 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a consequence of demonetisation? A) Decrease in bank deposits. B) Stability in real estate prices. C) Rise in digital transactions. D) Increase in cash transactions. Show Answer Correct Answer: C) Rise in digital transactions. 2. Which of the following is the most likely outcome when there is a fall in consumer confidence? A) A decrease in sales as consumers spend less. B) An increase in sales as consumers spend more. C) A decrease in investment as businesses spend more. D) An increase in investment as businesses spend more. Show Answer Correct Answer: A) A decrease in sales as consumers spend less. 3. During a class discussion, Priya asked about the principle of sovereign immunity. What does this principle entail? A) States can be sued in any court. B) State representatives cannot be sued without the state's consent. C) States have no legal protection. D) States must always comply with international law. Show Answer Correct Answer: B) State representatives cannot be sued without the state's consent. 4. Business has ..... control over the MARKET Environment A) Complete. B) Some Control/influence. C) No. D) None of the above. Show Answer Correct Answer: B) Some Control/influence. 5. Which of the following is a sign of poor ergonomics at a workstation? A) Adjustable monitor height. B) Persistent neck or back pain. C) Use of an anti-fatigue mat. D) Adequate lighting. Show Answer Correct Answer: B) Persistent neck or back pain. 6. Which is a responsibility of a business A) Setting guidelines for the economy. B) Earning money at the cost of others. C) Utilising natural resources rapidly. D) Giving fair treatment to suppliers and consumers. Show Answer Correct Answer: D) Giving fair treatment to suppliers and consumers. 7. The way a Business divides, organises and coordinates its activities is an example of which Internal Environmental factor? A) Owner/s/Management. B) Employees. C) Organisational Structure. D) Organisational Culture. Show Answer Correct Answer: C) Organisational Structure. 8. What does the competitive environment refer to in a business context? A) The internal policies of a company. B) The level and type of competition a business faces in the market. C) The financial performance of a business. D) The marketing strategies of a business. Show Answer Correct Answer: B) The level and type of competition a business faces in the market. 9. What is a substitute product? A) A product that is more expensive. B) A product that meets the same needs. C) A product that is not available. D) A product that is cheaper. Show Answer Correct Answer: B) A product that meets the same needs. 10. A characteristic of an economic service is that it is: A) Useful. B) Tangible. C) Nontransferable. D) Free to everyone. Show Answer Correct Answer: A) Useful. 11. A software developer is designing a system for multiple stakeholders. What is the biggest risk if stakeholder needs conflict? A) Faster development. B) Reduced system quality or adoption. C) Better user experience. D) Lower costs. Show Answer Correct Answer: B) Reduced system quality or adoption. 12. Business environment is a ..... concept since it differs from country to country and even region to region A) Complex. B) Relevant. C) Relative. D) Uncertain. Show Answer Correct Answer: C) Relative. 13. What are some factors that can lead to changes in consumer behavior? A) Economic conditions, cultural influences, social trends, technological advancements, and psychological factors. B) Seasonal weather changes. C) Celebrity endorsements. D) Brand loyalty programs. Show Answer Correct Answer: A) Economic conditions, cultural influences, social trends, technological advancements, and psychological factors. 14. Which emergency number should you call in the United States for immediate assistance? A) 311. B) 211. C) 911. D) 811. Show Answer Correct Answer: C) 911. 15. Acceptance must be conditional A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. Laura is part of a group that is traveling to the state capitol to convince legislators to pass laws that are favorable for small businesses. This is a practice known as A) Globalization. B) Lobbying. C) Outsourcing. D) Environmental scanning. Show Answer Correct Answer: B) Lobbying. 17. When the company organises sport meet for the general public for a particular locality A) Responsibility towards employees. B) Responsibility towards Community. C) Responsibility towards government. D) Responsibility towards Shareholders/investors. Show Answer Correct Answer: B) Responsibility towards Community. 18. A market structure that features no barriers to entry and has anunlimited number of businesses selling the same products is a/an: A) Oligopoly. B) Perfect competition. C) Regulated monopoly. D) Monopolistic competition. Show Answer Correct Answer: B) Perfect competition. 19. Apa tujuan utama dari melakukan analisis pesaing? A) Untuk mengidentifikasi calon pelanggan. B) Untuk mengembangkan strategi pemasaran baru. C) Untuk mengumpulkan informasi tentang perusahaan pesaing. D) Untuk memahami permintaan pasar. Show Answer Correct Answer: C) Untuk mengumpulkan informasi tentang perusahaan pesaing. 20. ..... influence the quality level of the products A) Dealers. B) Suppliers. C) Marketing Intermediaries. D) Public. Show Answer Correct Answer: B) Suppliers. 21. Amy is worried about adjusting in her new company. She is especially concerned about her ability to cope with the 'deeper culture'. What aspects of culture should Amy look out for so that she is better able to understand the deeper culture of the new company? A) Workplace ambiance and dress codes. B) Shared values and beliefs as well as traditions. C) Organisational structures and formal reporting relationships. D) Company systems, policies and processes. Show Answer Correct Answer: B) Shared values and beliefs as well as traditions. 22. Environmental degradation occurs because of A) Increased production. B) Offshoring. C) Nationalism. D) Decreased competition. Show Answer Correct Answer: A) Increased production. 23. In a SWOT analysis, which factors are considered internal to the organization? A) Opportunities and Threats. B) Strengths and Weaknesses. C) Strengths and Opportunities. D) Weaknesses and Threats. Show Answer Correct Answer: B) Strengths and Weaknesses. 24. There has been a drought in South Africa. Which of the PESTLE factors would this fall under? A) Environmental. B) Economic. C) Social. D) Technological. Show Answer Correct Answer: A) Environmental. 25. Which of the following factors is NOT part of the micro environment? A) The Functions of the Business. B) The Competitors of the Business. C) The Policy of the Business. D) The Culture of the Business. Show Answer Correct Answer: B) The Competitors of the Business. ← 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