This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 62 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 62 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 8) In August 1993, the Supreme court passed an order to close the iron foundries around the famous Taj Mahal to avoid an adverse impact of air pollution caused by them on the beauty of Taj Mahal. Which dimension is discussed here? A) Social. B) Economic. C) Political. D) Legal. Show Answer Correct Answer: D) Legal. 2. SWOT analysis is an acronym for ..... , ..... , ..... and ..... Ans. A) Strong, weak, oppo, treat. B) Strengths, threats, weaknesses, opportunities,. C) Weaknesses, opportunities, Strengths, threats. D) Strengths, weaknesses, opportunities, threats. Show Answer Correct Answer: D) Strengths, weaknesses, opportunities, threats. 3. External Environment includes ..... A) Managers. B) Share Holders. C) Unions. D) Judiciary. Show Answer Correct Answer: D) Judiciary. 4. Which of the following is an example of a legal factor in the business environment? A) Government regulations. B) Consumer preferences. C) Economic conditions. D) Technological advancements. Show Answer Correct Answer: A) Government regulations. 5. What does the term 'feedback' refer to? A) Sales reports. B) Customer complaints. C) Only negative comments. D) Information that helps improve decisions. Show Answer Correct Answer: D) Information that helps improve decisions. 6. As a result of social change, we have seen many goods and services become more redundant. what does it means by "redundant" here? A) More alike. B) Not more needed. C) Clash needs. D) More wanted. Show Answer Correct Answer: B) Not more needed. 7. A business has 75 employees. What would it be classified as? A) Micro. B) Small. C) Medium. D) Large. Show Answer Correct Answer: C) Medium. 8. How does the business environment affect a business? A) Businesses can work the same way forever. B) Businesses must adapt to changes in the environment. C) The environment does not impact businesses. D) Businesses only focus on what happens inside their company. Show Answer Correct Answer: B) Businesses must adapt to changes in the environment. 9. The condition in business environment keep changing as it is A) External environment. B) Complex. C) Dynamic. D) None of the above. Show Answer Correct Answer: C) Dynamic. 10. Which of the following is a key element in assessing the external business environment? A) Employee satisfaction. B) Market competition. C) Internal policies. D) Organizational structure. Show Answer Correct Answer: B) Market competition. 11. Which of the following is NOT one of the basic questions that all economic systems must answer: A) What to produce. B) How to produce. C) How much to produce. D) For whom to produce. Show Answer Correct Answer: C) How much to produce. 12. Crime is on the rise and South Africa is rated one of the most dangerous countries in the world. Under which of the the PESTLE factors will this fall? A) Social. B) Political. C) Environmental. D) Economic. Show Answer Correct Answer: A) Social. 13. Swachh Bharat Abhiyan started by BJP Govt. is part of A) Legal Environment. B) Political Environment. C) Social Environment. D) Economic Environment. Show Answer Correct Answer: B) Political Environment. 14. An inherent capacity of an organization which helps it gain a strategic advantage over its' competitors. A) Strength. B) Weakness. C) Opportunity. D) Threat. Show Answer Correct Answer: A) Strength. 15. 'Beti Bachao Beti Padhao Yojana' started by the government of India is a part of: A) Legal Environment. B) Economic Environment. C) Social Environment. D) Political Environment. Show Answer Correct Answer: D) Political Environment. 16. How can businesses respond to external environmental factors? A) By controlling and manipulating them to their advantage. B) By ignoring them and focusing solely on internal factors. C) By adapting their strategies and operations to mitigate risks and seize opportunities. D) By outsourcing all operations to external entities. Show Answer Correct Answer: C) By adapting their strategies and operations to mitigate risks and seize opportunities. 17. The term "Overarching Factors" in the context of Business Environment means A) Factors affecting only certain firms. B) Factors impacting all firms regardless of size or industry. C) Factors that can be ignored by businesses. D) Factors that only affect multinational firms. Show Answer Correct Answer: B) Factors impacting all firms regardless of size or industry. 18. What role does contemporary legislation play in business operations? A) Contemporary legislation only applies to government entities. B) Contemporary legislation has no impact on business operations. C) Contemporary legislation ensures compliance, influences business practices, and establishes standards for operations. D) Contemporary legislation eliminates all business risks. Show Answer Correct Answer: C) Contemporary legislation ensures compliance, influences business practices, and establishes standards for operations. 19. What is the impact of technological advancements on a business? A) It increases efficiency and reduces costs. B) It has no effect on the business. C) It increases costs and reduces efficiency. D) It depends on the type of business. Show Answer Correct Answer: A) It increases efficiency and reduces costs. 20. Which of the following is an external environmental factor for a business? A) Interrelationships. B) Business objectives. C) Technology. D) Internal policies. Show Answer Correct Answer: C) Technology. 21. What is the first step in the business environment assessment process? A) Monitoring. B) Making an assessment. C) Forecasting. D) Scanning. Show Answer Correct Answer: D) Scanning. 22. Which of these are more representative of Price Elastic A) Fresh fruit and vegetables. B) Milk, Eggs and Bread. C) All the above. D) None of the above. Show Answer Correct Answer: A) Fresh fruit and vegetables. 23. A businesses ability to be profitable for this generation and the next, without damaging natural resources is known as: A) Sustainability. B) Flexibility. C) Organisational design. D) Hierarchy. Show Answer Correct Answer: A) Sustainability. 24. Why is it important to avoid using elevators during a fire evacuation? A) Elevators may stop working or trap occupants. B) Elevators are slower than stairs. C) Elevators cannot hold many people at once. D) None of the above. Show Answer Correct Answer: A) Elevators may stop working or trap occupants. 25. What is one of the impacts of the New Economic Policy on business? A) Decreased competition. B) Increased government regulations. C) More demanding customers. D) Less technological change. Show Answer Correct Answer: C) More demanding customers. ← 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