This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... is not a branch of New Economic Policy. A) Legislation. B) Liberalisation. C) Privatisation. D) Globalisation. Show Answer Correct Answer: A) Legislation. 2. Which of the following is not a part of the business environment of business? A) Suppliers. B) Competitors. C) Legal. D) None. Show Answer Correct Answer: D) None. 3. Which of the following is a non-economic factor influencing the macro-environment? A) Inflation rate. B) Income distribution. C) Demographic trends. D) Banking system. Show Answer Correct Answer: C) Demographic trends. 4. What can be a consequence of poor working conditions? A) Improved communication among team members. B) Increased employee satisfaction and engagement. C) Higher rates of employee retention. D) Decreased employee morale and productivity. Show Answer Correct Answer: D) Decreased employee morale and productivity. 5. ..... are comprised of those who work for another or for an employer in exchange of salaries/wages or other considerations. A) Customers. B) Employees. C) Stakeholders. D) Suppliers. Show Answer Correct Answer: B) Employees. 6. What are the implications of intellectual property laws for companies? A) Intellectual property laws limit companies' ability to innovate. B) Intellectual property laws have no impact on a company's market position. C) Companies must pay fines for holding patents under intellectual property laws. D) Intellectual property laws provide companies with exclusive rights to their innovations, fostering innovation and competitive advantage. Show Answer Correct Answer: D) Intellectual property laws provide companies with exclusive rights to their innovations, fostering innovation and competitive advantage. 7. In a school project about international organizations, Ali and Priya are discussing who is responsible for the overall management of the World Bank. Who would they identify as the key person in charge? A) The president. B) The board of directors. C) The finance minister. D) The general assembly. Show Answer Correct Answer: A) The president. 8. What are the factors that facilitate globalization in India? A) Increased agricultural subsidies. B) Limited access to the internet. C) Strict trade regulations. D) Economic liberalization, technology advancements, foreign investment, improved infrastructure, and digital communication. Show Answer Correct Answer: D) Economic liberalization, technology advancements, foreign investment, improved infrastructure, and digital communication. 9. What does the 'M' stand for in SMART goals? A) Mine. B) Money. C) More. D) Measurable. Show Answer Correct Answer: D) Measurable. 10. ..... :subcontracting or contracting out of activities to endogenous organizations that had previously been performed by the firm.? A) Offshoring. B) Globalization. C) Outsourcing. D) Internationalization. Show Answer Correct Answer: C) Outsourcing. 11. How often should employees review emergency procedures? A) Only during onboarding. B) Quarterly or as needed. C) Every year during their performance review. D) Only when a new threat arises. Show Answer Correct Answer: B) Quarterly or as needed. 12. Which best explains macro environment? A) Economic, social, political, legal, technological forces. B) Customers & suppliers. C) Employees & investors. D) None. Show Answer Correct Answer: A) Economic, social, political, legal, technological forces. 13. What are the techniques used for environment scanning? A) Employee performance review. B) Financial forecasting. C) Product lifecycle management. D) PESTLE analysis, SWOT analysis, competitor analysis, market research, trend analysis. Show Answer Correct Answer: D) PESTLE analysis, SWOT analysis, competitor analysis, market research, trend analysis. 14. The events and trends inside an organization that affects management, employees, and organizational culture. A) Internal Environment. B) External Environment. C) General Environment. D) Specific Environment. Show Answer Correct Answer: A) Internal Environment. 15. Which organisation is MOST likely to have the widest range of stakeholders? A) Small local shop. B) Start-up app company. C) National government service. D) Freelance developer. Show Answer Correct Answer: C) National government service. 16. Which of the following is a true statement about globalization: A) It is a purely economic term. B) It has had a minimal impact on the world. C) Its pace is slowing down. D) It involves the flow of ideas across national borders. Show Answer Correct Answer: D) It involves the flow of ideas across national borders. 17. How can emerging technologies impact businesses in the technological environment? A) By reducing competition. B) By increasing operational efficiency. C) By stabilizing market demand. D) By lowering labor costs. Show Answer Correct Answer: B) By increasing operational efficiency. 18. Apa tiga konsep umum lingkungan bisnis menurut Wilson (1992)? A) Pemindaian, pemantauan, peramalan, dan penilaian. B) Fakta objektif, fakta subjektif, dan pembagian organisasi. C) Faktor ekonomi, faktor sosial, dan faktor teknologi. D) Pemindaian, pemantauan, peramalan, dan penilaian. Show Answer Correct Answer: B) Fakta objektif, fakta subjektif, dan pembagian organisasi. 19. What role does the legislature play in the political environment? A) The legislature makes laws, represents citizens, and oversees the government. B) The legislature manages the military operations. C) The legislature conducts foreign policy negotiations. D) The legislature organizes public events and celebrations. Show Answer Correct Answer: A) The legislature makes laws, represents citizens, and oversees the government. 20. Which of the following BEST describes the role of consumers in the market environment? A) They create demand for goods and services, influencing business decisions. B) They regulate business operations and enforce industry laws. C) They supply raw materials and capital to businesses. D) They compete directly with businesses to gain market share. Show Answer Correct Answer: A) They create demand for goods and services, influencing business decisions. 21. A form of demand for products in which changes in price correspond to changes in demand is: A) A consumer. B) B. elastic. C) C. equilibrium. D) D. inelastic. Show Answer Correct Answer: B) B. elastic. 22. The PESTEL elements are found in which business environment? A) Internal. B) General. C) Local. D) Operational. Show Answer Correct Answer: B) General. 23. How can customers influence change in a business? A) By setting legal requirements. B) By demanding new products or services. C) By providing financial loans. D) By hiring new employees. Show Answer Correct Answer: B) By demanding new products or services. 24. The sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but that may affect its performance is known as ..... A) Business environment. B) Social environment. C) Political environment. D) Economic environment. Show Answer Correct Answer: A) Business environment. 25. How has globalization affected consumers? A) It has increased competition among them. B) It has given them a bigger and better variety of products to choose from. C) It has made them more closed-minded toward other cultures and ethnicities. D) It has helped them save on taxes. Show Answer Correct Answer: B) It has given them a bigger and better variety of products to choose from. ← 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 10Class 12 Business Studies Chapter 3 Business Environment Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books