This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 57 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In a classroom discussion, Daniel and Abigail noticed that the free exchange of ideas among students led to A) Greater business innovation. B) More instances of outsourcing. C) Fewer choices for consumers. D) Decreased competition. Show Answer Correct Answer: A) Greater business innovation. 2. Which function does the following?Planning control and performance improvement A) Marketing. B) Human resource. C) Operations. D) Information technology. Show Answer Correct Answer: C) Operations. 3. Which of the following are all examples of injections from the circular flow of income model? A) Expenditure, savings, taxation. B) Exports, taxation, investment. C) Savings, taxation, imports. D) Investment, expenditure, export. Show Answer Correct Answer: D) Investment, expenditure, export. 4. What are the factors facilitating globalization in India? A) Isolationist approach. B) Protectionist policies. C) Cultural barriers. D) Trade liberalization. Show Answer Correct Answer: D) Trade liberalization. 5. Regional imbalances in India are largely due to A) Concentration of raw material sources. B) Lack of education and knowledge at local level. C) Lack of local entrepreneurship. D) All of these. Show Answer Correct Answer: D) All of these. 6. What is included in the demographic environment? A) Weather. B) Income tax. C) Age and population. D) GST policy. Show Answer Correct Answer: C) Age and population. 7. With a financial perspective, one can say that a firm is a pool of ..... in order to ..... A) Personal wealth safe taxes. B) Resources invest. C) Contracts control employees. D) People make the world a better place. Show Answer Correct Answer: B) Resources invest. 8. A major infrastructure project in India is delayed due to land acquisition issues. Which aspect of the business environment is most directly responsible? A) Technological. B) Political and Legal. C) Economic. D) Competitive. Show Answer Correct Answer: B) Political and Legal. 9. What type of business does Centro Mall has? A) Service. B) Merchandising. C) Manufacturing. D) None of the above. Show Answer Correct Answer: B) Merchandising. 10. What are competitors interested in regarding their business? A) Receiving dividends. B) Gaining a competitive advantage, differentiating their goods and services, and comparing performance. C) Implementing government policies. D) Increasing taxes. Show Answer Correct Answer: B) Gaining a competitive advantage, differentiating their goods and services, and comparing performance. 11. 7) People can purchase better quality of goods and services which will improve their quality because their incomes are rising. Which characteristic of Business environment? A) Totality of externa forces. B) Specific and general forces. C) Inter-relatedness. D) Dynamic nature. Show Answer Correct Answer: C) Inter-relatedness. 12. What is an example of a social factor in the business environment? A) Changes in tax rates. B) Technological innovations. C) Demographic shifts in the population. D) Regulatory requirements. Show Answer Correct Answer: C) Demographic shifts in the population. 13. It is an example of general forces of business environment A) Investors. B) Suppliers. C) Government. D) Competitors. Show Answer Correct Answer: C) Government. 14. Negative press/media coverage. A) Strength. B) Weakness. C) Opportunity. D) Threat. Show Answer Correct Answer: D) Threat. 15. What is perfectly elastic demand? A) Demand changes significantly with small price changes. B) Demand is constant regardless of price. C) Demand does not change with price changes. D) Demand changes proportionately with price changes. Show Answer Correct Answer: A) Demand changes significantly with small price changes. 16. In SWOT analysis, which section would declining customer interest in a product fall under? A) Strength. B) Opportunity. C) Weakness. D) Threat. Show Answer Correct Answer: D) Threat. 17. 'The most common of these are Diet Coke, since more number of people has become fitness and health conscious.'Identify the related feature of Business Environment: A) Totality of external forces. B) Dynamic nature. C) Inter-relatedness. D) Relativity. Show Answer Correct Answer: C) Inter-relatedness. 18. Which sector is funded and controlled by the government? A) Private. B) Voluntary. C) Public. D) SME. Show Answer Correct Answer: C) Public. 19. Discuss the economic benefits of tourism for a country's economy. A) Tourism benefits a country's economy by bringing in foreign exchange, creating job opportunities, stimulating infrastructure development, boosting local businesses, and diversifying the economy. B) Tourism leads to increased unemployment rates. C) Tourism only benefits large corporations, not local businesses. D) Tourism has no impact on a country's economy. Show Answer Correct Answer: A) Tourism benefits a country's economy by bringing in foreign exchange, creating job opportunities, stimulating infrastructure development, boosting local businesses, and diversifying the economy. 20. What is a key factor in the microenvironment? A) Customers. B) Government policies. C) Global economy. D) Natural disasters. Show Answer Correct Answer: A) Customers. 21. Which macro environmental factors are influenced by the regulations imposed by Australia's three levels of Government such as taxes and trade regulations? A) Political Factors. B) Environmental Factors. C) Economic Factors. D) Legal Factors. Show Answer Correct Answer: A) Political Factors. 22. What are the key components of the economic environment? A) Key components of the economic environment include economic indicators, market conditions, government policies, inflation rates, interest rates, and employment levels. B) Corporate governance structures. C) Consumer behavior analysis. D) Supply chain management. Show Answer Correct Answer: A) Key components of the economic environment include economic indicators, market conditions, government policies, inflation rates, interest rates, and employment levels. 23. An example of Opportunities or Threats from the external environment A) Competitors. B) GDP per capita. C) Sales. D) Strengths. Show Answer Correct Answer: A) Competitors. 24. The demographic environment is part of the ..... environment. A) Internal. B) Micro. C) Macro. D) Extent. Show Answer Correct Answer: C) Macro. 25. An egotistic manager is a manager: A) Who is authoritarian and likes to gives orders and want everyone to follow his demands. B) Who is an empathetic manager. C) Who is very good at teamwork. D) None of the above. Show Answer Correct Answer: A) Who is authoritarian and likes to gives orders and want everyone to follow his demands. ← 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