This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 56 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 56 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The internal environment of a business includes: A) Technological advancements in the industry. B) Legal regulations imposed by the government. C) Company's management structure and policies. D) Social trends affecting consumer behavior. Show Answer Correct Answer: C) Company's management structure and policies. 2. What does a company's competitive environment include? A) The company's internal competition. B) The competition in the market where the company operates. C) The competition in the market where the company operates and the company's internal competition. D) The competition in the markets where the company's customers are located. Show Answer Correct Answer: B) The competition in the market where the company operates. 3. Which of the following best defines a multinational corporation? A) A company that exports to many countries. B) A large company that imports from many countries. C) A company that operates in many different countries. D) A company that produces goods and services for a large market. Show Answer Correct Answer: C) A company that operates in many different countries. 4. Which is not a quantitative credit control technique? A) SLR. B) CRR. C) Repo rate and Reverse Repo Rate. D) Ceiling of loans. Show Answer Correct Answer: D) Ceiling of loans. 5. Which of the following are effective guidelines for measuring project compliance? A) Tracking work completed in a Gantt chart. B) Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions. C) Prioritizing effort using a Moscow analysis. D) Reporting progress by conducting a sprint review and demonstration. Show Answer Correct Answer: B) Using quality assurance outputs to confirm deliverable and process compliance and identify the needs for corrective actions. 6. Explain the importance of market research in tourism. A) Market research is primarily focused on employee satisfaction in tourism. B) Market research is crucial in tourism as it informs businesses about consumer needs, enhances service offerings, and drives strategic decision-making. C) Market research has no impact on customer satisfaction in tourism. D) Market research is only useful for large corporations in tourism. Show Answer Correct Answer: B) Market research is crucial in tourism as it informs businesses about consumer needs, enhances service offerings, and drives strategic decision-making. 7. 8) ..... means the external environment trends and changes that will hinder a firm's performance. A) Opportunities. B) Threats. C) Weakness. D) Strengths. Show Answer Correct Answer: B) Threats. 8. Environment is a ..... phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality A) Complex. B) Easy. C) Simple. D) None of the above. Show Answer Correct Answer: A) Complex. 9. Which is not an example of internal users? A) Employees. B) Government. C) Investors. D) Owner. Show Answer Correct Answer: B) Government. 10. The removal of entry and growth restrictions on business and industry is: A) Liberalisation. B) Globalization. C) Privatization. D) Disinvestment. Show Answer Correct Answer: A) Liberalisation. 11. What is a typical goal of a social enterprise? A) To increase government revenue. B) To address social or environmental issues. C) To eliminate competition. D) To provide public services. Show Answer Correct Answer: B) To address social or environmental issues. 12. Physical resources are critical for an organisation's operations. What does this involve? A) Capital data used for financing the operations of the organization. B) Usable data needed to make effective decisions in the organisation. C) Technological data, hardware and software used in the organisation's operations. D) Land, warehouses, machinery and equipment used in the organisation's operations. Show Answer Correct Answer: D) Land, warehouses, machinery and equipment used in the organisation's operations. 13. Expenditure of creating infrastructure is A) Revenue expenditure. B) Development expenditure. C) Capital expenditure. D) Government expenditure. Show Answer Correct Answer: C) Capital expenditure. 14. In NITI Aayog NITI stands for ..... A) National Institute of Transforming India. B) National Institute for Transforming India. C) National Institute Transforming India. D) All of the above. Show Answer Correct Answer: B) National Institute for Transforming India. 15. What is the latest investment limit in small scale industries? A) 75Lakhs. B) 1CRORE. C) 25 Lakhs. D) 60 Lakhs. Show Answer Correct Answer: B) 1CRORE. 16. Demographic dividend is A) High population of working age. B) Low population. C) High level of skills in youth. D) High level of experience in youth. Show Answer Correct Answer: A) High population of working age. 17. Installation of new computer software for your company is an example of a A) Political Factor. B) Economical Factor. C) Social Factor. D) Technological Factor. Show Answer Correct Answer: D) Technological Factor. 18. In a socialist society, every person would be unequal, regardless of race, gender, religion, or nationality. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. A business owned and managed by two or more persons who have an agreement of contribution. A) Sole proprietorship. B) Partnership. C) Corporation. D) Cooperative. Show Answer Correct Answer: B) Partnership. 20. What role do regulators play in the market environment? A) They provide financial support to businesses. B) They create rules and regulations for businesses. C) They directly manage business operations. D) They influence consumer preferences. Show Answer Correct Answer: B) They create rules and regulations for businesses. 21. What does demographic factors in the socio-cultural environment refer to? A) Political preferences. B) Economic stability. C) Population characteristics. D) Technological advancements. Show Answer Correct Answer: C) Population characteristics. 22. What does a company's financial environment include? A) Only the company's internal financial policies. B) Only the financial regulations of the country where the company is located. C) Both the company's internal financial policies and the financial regulations of the country where the company is located. D) Only the financial regulations of the countries where the company's customers are located. Show Answer Correct Answer: C) Both the company's internal financial policies and the financial regulations of the country where the company is located. 23. Question 5:The task environment includes: A) Economic, political, and social trends. B) Competitors, suppliers, and customers. C) Company culture and internal structure. D) Regulatory agencies and international treaties. Show Answer Correct Answer: B) Competitors, suppliers, and customers. 24. When did economic reforms take place in India? A) 2001. B) 1991. C) 1981. D) 1971. Show Answer Correct Answer: C) 1981. 25. Which of the following is a key component of the macro environment? A) Market competition. B) Supplier relationships. C) Customer behavior. D) Technological advancements. Show Answer Correct Answer: D) Technological advancements. ← 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