This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. DI Stands for. A) Disposable income. B) Direct investment. C) Both. D) None. Show Answer Correct Answer: A) Disposable income. 2. Which of the following is an internal factor of the business environment? A) Government policies. B) Competitors' strategies. C) Company's management and culture. D) Technological changes in the industry?. Show Answer Correct Answer: C) Company's management and culture. 3. Which stakeholder would MOST likely be concerned about system downtime? A) Cleaner. B) Customer / user. C) Competitor. D) General public. Show Answer Correct Answer: B) Customer / user. 4. What does the business environment refer to? A) The total of all external and internal factors that influence a business's operations. B) Only the external factors affecting a business. C) Only the internal factors affecting a business. D) The financial performance of a business. Show Answer Correct Answer: A) The total of all external and internal factors that influence a business's operations. 5. Apa istilah yang digunakan untuk menggambarkan intensitas persaingan dalam suatu industri? A) Intensitas persaingan yang kompetitif. B) Jenuh pasar. C) Kompetitivitas pasar. D) Faktor persaingan. Show Answer Correct Answer: A) Intensitas persaingan yang kompetitif. 6. What is the significance of the business environment? A) It standardizes business practices. B) It eliminates competition. C) It restricts market entry. D) It helps in identifying business opportunities. Show Answer Correct Answer: D) It helps in identifying business opportunities. 7. Which of the following is NOT a type of social mobility? A) Horizontal. B) Vertical. C) Circular. D) Upward. Show Answer Correct Answer: C) Circular. 8. Liberalisation means ..... A) End of license & reduction of government control. B) Policy of planned disinvestment. C) Integrating among economies. D) None of these. Show Answer Correct Answer: A) End of license & reduction of government control. 9. Which of the following is a likely effect on a business, of increasing tax rates for both individuals and businesses? A) Increase in sales and increase in expenses. B) Decrease in sales and increase in expenses. C) Decrease in sales and decrease in expenses. D) Increase in sales and decrease in expenses. Show Answer Correct Answer: B) Decrease in sales and increase in expenses. 10. Bond paper, envelopes, folders are examples of ..... A) Materials. B) Equipment. C) Technology. D) Tools. Show Answer Correct Answer: A) Materials. 11. This is an example of economic environment A) Changes in technology. B) Expectations of society. C) Change in exchange rate. D) Change in government's rules and regulations. Show Answer Correct Answer: C) Change in exchange rate. 12. Which one of the following is NOT an external influence A) Minimum wage laws. B) The size of the workforce. C) Health and Safety regulations. D) Bank interest rates. Show Answer Correct Answer: B) The size of the workforce. 13. What does the 'S' in SMART goals stand for? A) Smart. B) Safe. C) Specific. D) Special. Show Answer Correct Answer: C) Specific. 14. ..... is an economic system based on the principal of free enterprise A) Capitalism. B) Socialism. C) Mixed economy. D) None of the above. Show Answer Correct Answer: A) Capitalism. 15. How do demographic changes influence tourism trends? A) Demographic changes only affect local tourism, not international travel. B) Demographic changes influence tourism trends by altering travel preferences, destinations, and spending patterns. C) Demographic changes have no impact on tourism trends. D) Tourism trends are solely determined by economic factors. Show Answer Correct Answer: B) Demographic changes influence tourism trends by altering travel preferences, destinations, and spending patterns. 16. What is considered the most crucial component of the internal environment? A) Marketing resources. B) Technological assets. C) Human resources. D) Shareholder dividends. Show Answer Correct Answer: C) Human resources. 17. In Porter's Five Forces, the 'threat of new entrants' relates to: A) Barriers to entry. B) Substitutes. C) Switching costs. D) Buyer power. Show Answer Correct Answer: A) Barriers to entry. 18. A company's strong brand name is considered a: A) Opportunity. B) Weakness. C) Strength. D) Threat. Show Answer Correct Answer: C) Strength. 19. Name three components of the external business environment. A) Environmental factors. B) Political factors. C) Economic factors, social factors, technological factors. D) Cultural factors. Show Answer Correct Answer: C) Economic factors, social factors, technological factors. 20. What can legal factors include? A) Laws and regulations such as taxation, employment, contracts, immigration. B) Marketing strategies and consumer behavior. C) Technological advancements and innovations. D) Environmental policies and sustainability. Show Answer Correct Answer: A) Laws and regulations such as taxation, employment, contracts, immigration. 21. A Manager who knows how to perform the specific kind of work being performed in an organisation has ..... skills. A) Decision Making. B) Planning. C) Technical. D) Diagnostic. Show Answer Correct Answer: D) Diagnostic. 22. Which market involves buying and selling shares in public companies A) Financial market. B) Retail market. C) Stock market. D) Labour market. Show Answer Correct Answer: C) Stock market. 23. What is an example of a political risk that businesses might face? A) Fluctuating exchange rates. B) Technological innovation. C) Government instability. D) Social media trends. Show Answer Correct Answer: C) Government instability. 24. Fundamental right of education for 6 to 14 year olds is A) Article 31 A. B) Article 41 A. C) Article 51 A. D) Article 21 A. Show Answer Correct Answer: D) Article 21 A. 25. In today's world, the flow of goods and services is not only cheap and fast, but reliable and secure. You can order anything you wish from any part of the world. Internet has been connecting people without any limitations or boundaries in the way of doing business. Identify the concept being described in the above lines. A) Liberalization. B) Globalization. C) Demonetization. D) Privatization. Show Answer Correct Answer: B) Globalization. ← 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 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 10Class 12 Business Studies Chapter 3 Business Environment Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books