This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 64 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 64 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. PESTLE analysis includes the following factors EXCEPT: A) Political. B) Economic. C) Technological. D) Production. Show Answer Correct Answer: D) Production. 2. Which sector is primarily driven by profit and owned by individuals or shareholders? A) Public. B) Private. C) Not-for-profit/voluntary. D) Governmental. Show Answer Correct Answer: B) Private. 3. How does the increase of global business operations affect the demand for goods and services? A) It increases demand for goods and services that are produced in low-cost countries. B) It increases demand for goods and services that are produced in high-income countries. C) It increases demand for goods and services that are unique to different cultures. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. The taking over of PSU's by private parties happened under ..... A) Liberalization. B) Privatization. C) Globalization. D) None of these. Show Answer Correct Answer: B) Privatization. 5. Identify one major problem faced by small scale tourism enterprises. A) Limited access to funding. B) Excessive government regulations. C) Lack of interest from tourists. D) High competition from large resorts. Show Answer Correct Answer: A) Limited access to funding. 6. Identify which of the following is not a general force environment: A) Political envt. B) Social envt. C) Competitors envt. D) Economic envt. Show Answer Correct Answer: C) Competitors envt. 7. In which market structure do firms sell differentiated products? A) Oligopoly. B) Monopoly. C) Monopolistic competition. D) Perfect competition. Show Answer Correct Answer: C) Monopolistic competition. 8. The following are effects in cultural environment EXCEPT A) Cultural convergence. B) Multi cultural. C) Social class. D) Set of beliefs. Show Answer Correct Answer: D) Set of beliefs. 9. Businesses can use globalization to their advantage by A) Creating trade barriers to other countries. B) Reducing exports to other countries. C) Finding customers in other countries. D) Insourcing jobs in other countries. Show Answer Correct Answer: C) Finding customers in other countries. 10. When should you attempt to move an injured person at the workplace? A) Only if the area poses an immediate danger. B) To make them more comfortable. C) To clear space for others. D) Immediately, regardless of the situation. Show Answer Correct Answer: A) Only if the area poses an immediate danger. 11. What is the primary focus of a micro environment analysis? A) Understanding external market forces. B) Evaluating internal company dynamics. C) Assessing global competition. D) Identifying technological innovations. Show Answer Correct Answer: B) Evaluating internal company dynamics. 12. What role do regulators play in influencing change in a business? A) They provide funding for new projects. B) They set rules and standards that businesses must follow. C) They manage day-to-day operations. D) They develop marketing strategies. Show Answer Correct Answer: B) They set rules and standards that businesses must follow. 13. Corporate governance is concerned with ..... A) Governing corporates. B) Values and ethical norms. C) Increasing profits. D) All of these. Show Answer Correct Answer: B) Values and ethical norms. 14. ..... is an external environment factor affecting business. A) Political environment. B) Vision. C) Employees. D) Customers. Show Answer Correct Answer: A) Political environment. 15. The 'Make in India' initiative was launched to: A) Promote foreign companies to invest in India's education sector. B) Encourage companies to manufacture their products in India. C) Focus solely on increasing agricultural production. D) Reduce the number of startups in the country. Show Answer Correct Answer: B) Encourage companies to manufacture their products in India. 16. What is the external environment of a business? A) The elements that impact on the business which are outside its direct control. B) The elements that impact on the business which are within its direct control. C) The elements that impact on the business which are both within and outside its direct control. D) The elements that have no impact on the business. Show Answer Correct Answer: A) The elements that impact on the business which are outside its direct control. 17. The importance of business environment which helps to know in advance forthcoming threats of business A) Helps in getting first mover advantage. B) Early warning signals. C) Tapping useful resources. D) None. Show Answer Correct Answer: B) Early warning signals. 18. Which one is a key tax principle? A) Objectivity. B) Integrity. C) Equity. D) Confidentiality. Show Answer Correct Answer: C) Equity. 19. Business Environment is a group of ..... powers. A) Special. B) General. C) Internal. D) Special and General. Show Answer Correct Answer: D) Special and General. 20. A back up plan made in advance I saw known as A) An ad hoc plan. B) A contingency plan. C) A back up plan. D) A floor plan. Show Answer Correct Answer: B) A contingency plan. 21. Outsourcing is one of the important outcome of A) Globalisation. B) Privatisation. C) Liberalisation. D) Liberalisation all of these. Show Answer Correct Answer: A) Globalisation. 22. Manakah di antara berikut ini yang BUKAN merupakan jenis segmentasi pasar yang disebutkan? A) Teknografis. B) Psikografis. C) Demosgrafis. D) Geografis. Show Answer Correct Answer: A) Teknografis. 23. What does the term "competitive environment" refer to in the business context? A) The organization's internal structure and operations. B) The level of competition among firms in the same industry. C) The company's relationships with its suppliers and customers. D) The impact of government regulations on the organization's operations. Show Answer Correct Answer: B) The level of competition among firms in the same industry. 24. Which of the following is not an impact of economic policy changes? A) Enhanced competition. B) Static technology. C) Market orientation. D) Necessity for change. Show Answer Correct Answer: B) Static technology. 25. Which of the following is a factor of the social environment of business? A) Customs. B) Rate of Interest. C) Level of education. D) All of the above. Show Answer Correct Answer: A) Customs. ← 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