This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 7 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. List the main components of the business environment. A) Economic, social and cultural, political and legal, technological, competitive. B) Cultural, technological and legal, economic, operational, managerial. C) Geographical, social and ethical, regulatory, digital, market. D) Environmental, historical and cultural, financial, operational, strategic. Show Answer Correct Answer: A) Economic, social and cultural, political and legal, technological, competitive. 2. What impact does corporate social responsibility have on a company's reputation? A) Corporate social responsibility can enhance a company's reputation by demonstrating commitment to ethical practices and community engagement. B) Corporate social responsibility is primarily a marketing tool with no real impact. C) Corporate social responsibility only benefits the company's employees. D) Corporate social responsibility has no effect on a company's reputation. Show Answer Correct Answer: A) Corporate social responsibility can enhance a company's reputation by demonstrating commitment to ethical practices and community engagement. 3. What is a weakness in a business? A) A strong market position. B) An opportunity for growth. C) A negative point. D) A positive attribute. Show Answer Correct Answer: C) A negative point. 4. What is the main objective of the EXIM policy in India? A) To promote small scale industries. B) To regulate labor laws. C) To encourage foreign trade. D) To control inflation. Show Answer Correct Answer: C) To encourage foreign trade. 5. What are the factors contributing to the growth of Indian industries in the global market? A) Availability of skilled labor. B) Low production costs. C) Language barriers. D) Trade restrictions. Show Answer Correct Answer: A) Availability of skilled labor. 6. One of the biggest barriers that separates countries/regions is A) Methods of travel. B) Brain drain. C) Language differences. D) Technology. Show Answer Correct Answer: C) Language differences. 7. A project manager has discovered that a key supplier may not be able to meet their contractual obligations due to new trade restrictions. What is the best course of action for the project manager? A) Immediately terminate the contract with the supplier. B) Seek legal advice on how to proceed with the supplier. C) Develop a contingency plan and explore alternative suppliers. D) Wait for the supplier to resolve the issue on their own. Show Answer Correct Answer: C) Develop a contingency plan and explore alternative suppliers. 8. These are not parts of the macro environment: A) Costumers. B) Competitors. C) Economy, demography. D) Vision. Show Answer Correct Answer: C) Economy, demography. 9. The process of measuring or comparing one's own products, services, and practices with those of the recognized industry leaders in order to identify areas for improvement. A) A. SWOT Analysis. B) B. PESTEL Analysis. C) C. Benchmarking. D) D Porter's Analysis. Show Answer Correct Answer: C) C. Benchmarking. 10. How can tourism businesses adapt to changing consumer preferences? A) By reducing prices significantly. B) By conducting market research, offering personalized experiences, embracing technology, promoting sustainability, and enhancing customer engagement. C) By ignoring customer feedback. D) By limiting marketing efforts. Show Answer Correct Answer: B) By conducting market research, offering personalized experiences, embracing technology, promoting sustainability, and enhancing customer engagement. 11. Can brand loyalty create significant barriers for new entrants in an industry? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 12. Apa faktor kunci dalam memahami lingkungan bisnis? A) Evaluasi kompetisi. B) Meminimalkan umpan balik pelanggan. C) Mengabaikan tren. D) Fokus hanya pada proses internal. Show Answer Correct Answer: A) Evaluasi kompetisi. 13. During a Model United Nations conference, Zajeeba and Rupesh are discussing which organizations play an important role in the enforcement of international law alongside states. What is their conclusion? A) Private corporations. B) Non-governmental organizations. C) Local governments. D) Individual citizens. Show Answer Correct Answer: B) Non-governmental organizations. 14. Which of the following is an internal factor influencing change in a business? A) Government regulations. B) Technological advancements. C) Organisational culture. D) Economic conditions. Show Answer Correct Answer: C) Organisational culture. 15. The economic system that adopts the fewest new ideas or improvements is: A) A communist. B) B. market. C) C. socialist. D) D. traditional. Show Answer Correct Answer: D) D. traditional. 16. Which economic sector would manufacturing of Cream Soda and Sprite be part of? A) Quinary. B) Tertiary. C) Secondary. D) Primary. Show Answer Correct Answer: C) Secondary. 17. The Hawthorne Effect argues that: A) The more attention given to someone, the more likely that their behaviour will change. B) Every person has a strong desire to realise their fullest potential. C) Managers must use a more authoritarian management style to deal with employees who dislike work. D) Organisations are complex entities made up of people, task and technologies that interact with the larger environment. Show Answer Correct Answer: A) The more attention given to someone, the more likely that their behaviour will change. 18. Demonetization was launched on 1st November 2016 A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. When the prices of iPhones increase, the quantity of iPhones offered for sale will increase. This is an example of the law of: A) A equilibrium. B) B. production. C) C. shortage. D) D. supply. Show Answer Correct Answer: D) D. supply. 20. Reduction in custom duties A) Liberalisation. B) Privatisation. C) Globalisation. D) None of the above. Show Answer Correct Answer: C) Globalisation. 21. An invitation to treat is a kind of offer A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. Pertumbuhan yangsaling berkaitan dengan ekonomi, budaya, dan populasi dunia, yang disebabkan olehperdagangan lintas batas antar barang dan jasa, teknologi, arus investasi, manusia, dan informasi. A) Peluang. B) Retreats. C) Rencana Jangka Panjang. D) Globalisasi. E) Perdagangan. Show Answer Correct Answer: D) Globalisasi. 23. What is a common interest of employees as stakeholders? A) A) High-quality products. B) B) Return on investment. C) C) Job security. D) None of the above. Show Answer Correct Answer: C) C) Job security. 24. Which of the following best describes the purpose of an organisation? A) To use digital systems. B) To make profit only. C) To provide products, services, or both. D) To employ staff. Show Answer Correct Answer: C) To provide products, services, or both. 25. A challenge related to a natural disaster is a factor in the ..... business environment. A) Micro. B) Market. C) Macro. D) None of the above. Show Answer Correct Answer: C) Macro. ← 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 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