This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 66 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 66 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does a company's cultural environment include? A) Only the company's internal culture. B) Only the culture of the country where the company is located. C) Both the culture of the country where the company is located and the company's internal culture. D) Only the culture of the countries where the company's customers are located. Show Answer Correct Answer: C) Both the culture of the country where the company is located and the company's internal culture. 2. In Malaysia, the Superior Courts are made up of the: A) High Court of Malaya and the High Court of Sabah and Sarawak. B) High Court of Sabah and Sarawak. C) Sessions Courts and the Magistrates' Courts. D) High Court of Malaya and the Sessions Courts. Show Answer Correct Answer: A) High Court of Malaya and the High Court of Sabah and Sarawak. 3. Given the variety of management perspectives, how should managers determine their approach to managing an organisation? A) Select the simplest perspective to implement and stay focused for effectiveness. B) Allow employees to determine the appropriate perspective, and delegate as many tasks as possible. C) Rely on recent management perspectives and avoid those that are obsolete. D) Recognise the situational context and draw from any or all perspectives. Show Answer Correct Answer: D) Recognise the situational context and draw from any or all perspectives. 4. What is the difference between a shareholder and a debtholder? A) Shareholders are the owners of a company whereas debtholders own debt issued by a company. B) Shareholders are not different from debtholders as both hold stakes in a company. C) Shareholders provide money when starting a company whereas debtholders supply funds during its course of business. D) Shareholders have less rights than debtholders who have the actual control over a company. Show Answer Correct Answer: A) Shareholders are the owners of a company whereas debtholders own debt issued by a company. 5. An agreement to sale is related to ..... A) Executed contract. B) Executory Contract. C) Voidable Contract. D) Valid Contract. Show Answer Correct Answer: B) Executory Contract. 6. The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product) A) Monopoly. B) Oligopoly. C) Perfect competition. D) Monopolistic competition. Show Answer Correct Answer: D) Monopolistic competition. 7. The emphasis of the Classical School of management theories is on: A) Understanding human behaviour in the organisation. B) Understanding organization as a system that transforms inputs into outputs. C) Managing workers and organisations efficiently. D) Managing people within the context of the internal and external environments. Show Answer Correct Answer: C) Managing workers and organisations efficiently. 8. What is a strength in a SWOT analysis? A) An external threat. B) A negative point. C) A positive force. D) A market opportunity. Show Answer Correct Answer: C) A positive force. 9. Which of the following is not ethical practice? A) Prompt payment of taxes by business. B) Sell products with correct measurement. C) Black marketing. D) Providing fair wages to workers. Show Answer Correct Answer: C) Black marketing. 10. The new industrial policy was formulated in, A) 1947. B) 1951. C) 1991. D) Jab Modiji paida hue they. Show Answer Correct Answer: C) 1991. 11. Avery's company is considering expanding its operations internationally. Globalization can be an advantage for businesses like Avery's because it A) Can help them to cut costs for certain resources. B) Increases direct competition. C) Can contribute to a phenomenon called brain drain. D) Inhibits the ideas of other businesses. Show Answer Correct Answer: A) Can help them to cut costs for certain resources. 12. Can political instability in a region discourage foreign investments? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 13. Which of the following are External factors in the Business Environment of an organisation:- A) Employees,. B) Labour unions. C) Value systems. D) None of the above. Show Answer Correct Answer: D) None of the above. 14. What are the main components of the business environment? A) Employee satisfaction and retention. B) Market trends and consumer preferences. C) The main components of the business environment are internal factors (like organizational culture and resources) and external factors (such as economic, social, technological, legal, and political influences). D) Branding and advertising strategies. Show Answer Correct Answer: C) The main components of the business environment are internal factors (like organizational culture and resources) and external factors (such as economic, social, technological, legal, and political influences). 15. Which area of sustainability is being referred to?Use refillable ink cartridge's in the office printer A) Social. B) Environmental. C) Economic. D) None of the above. Show Answer Correct Answer: B) Environmental. 16. Which of the following is NOT a government objective A) Increasing GDP. B) Controlling inflation. C) Increasing unemployment rate. D) Controlling balance of payments. Show Answer Correct Answer: C) Increasing unemployment rate. 17. Determining organisation short term objectives and long term objectives are part of management ..... duties A) Planning. B) Forecasting. C) Leading. D) Staffing. Show Answer Correct Answer: B) Forecasting. 18. Which part of the internal environment refers to the shared values, beliefs, expectations, attitudes and behaviours of the people in a business? A) Owners/Managers. B) Employees. C) Organisational structure. D) Organisational culture. Show Answer Correct Answer: D) Organisational culture. 19. Nowadays the market is flooded with better quality of home appliances of foreign origin. The result in fall in the revenue of local companies as their products are much inferior and are also costlier so they are in less demand in the market.Which dimension of business environment can be seen here affecting the local companies' revenue? A) Economic. B) Political. C) Social. D) Technological. Show Answer Correct Answer: D) Technological. 20. How do political factors impact the tourism industry? A) Diplomatic relations do not play a role in tourism. B) Political factors can impact the tourism industry through changes in government policies, regulations, stability, and diplomatic relations. C) Tourism industry is not affected by changes in government policies. D) Political factors have no impact on the tourism industry. Show Answer Correct Answer: B) Political factors can impact the tourism industry through changes in government policies, regulations, stability, and diplomatic relations. 21. Manakah di antara berikut ini yang merupakan tren yang dapat mempengaruhi model bisnis? A) Peristiwa acak. B) Preferensi pribadi. C) Perkembangan teknologi. D) Data historis. Show Answer Correct Answer: C) Perkembangan teknologi. 22. Which element is related to government affairs and laws or regulations? A) Economic. B) Sociocultural. C) Legal. D) Political. Show Answer Correct Answer: D) Political. 23. The Corona Virus pandemic has led to many people earning less money than before. This challenge takes place in the ..... A) Macro environment. B) Market environment. C) Micro environment. D) None of the above. Show Answer Correct Answer: A) Macro environment. 24. What do service businesses sell? A) A raw goods and services. B) B. retail goods and services. C) C. intangible goods and services. D) D. wholesale goods and services. Show Answer Correct Answer: C) C. intangible goods and services. 25. True or FalseTaking someone else's work and rephrasing it then submitting it as your own work would be considered plagiarism. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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