Deck 3: Business Environment and Related Concepts

Question 1

Which one of the following is a part of economic environment?

A)Public debt
B)Lifestyle of people
C)Technological changes
D)Level of education

Answer 1

Public debt

Question 2

Proper understanding of business environment is not a prerequisite for

A)Tapping of useful resources.
B)Identification of opportunities and threats.
C)Formulation of strategies.
D)Better coordination of employee efforts.

Answer 2

Formulation of strategies.

Question 3

Legal rules and regulations relevant to business are included in ____ environment of business.

A)Legal
B)Political
C)Economic
D)Technological

Answer 3

Legal

Question 4

India is good example for ________economy

A)Socialist
B)Mixed
C)Capitalist
D)Communist

Question 5

_______ are a primary mechanism for motivating business activities

A)Social relationship
B)Profit
C)Customers
D)Assets

Question 6

According to whom, business environment is defined as total of all things external to firms and industries which effect their organization and Operations

A)Arthur.m.welmer
B)John wick
C)Bayo
D)o.wheeler

Question 7

Business includes ___

A)Non-economic activities
B)Economic activities
C)Social activities
D)Production activities

Question 8

_______Is vast and fascinating subject for business

A)Technology
B)Profit making
C)Change
D)People

Question 9

What is the single word that can best describe todays business

A)Technology
B)Profit making
C)Change
D)People

Question 10

______ involves freedom of doing business.

A)Globalization
B)Privatization
C)Liberalization
D)None of the Above

Question 11

Which of the following modern business is dynamic

A)Mass production
B)Mass marketing
C)Mass sales
D)Mass purchase

Question 12

Which of the following is not an economic activity

A)A doctor practicing
B)A lawyer practicing law
C)A professional cricketer playing cricket
D)A student playing cricket

Question 13

A valid definition of a business purpose is to __

A)Create a customer
B)Maximize profits
C)Serve the society
D)Increase the wealth in the firm

Question 14

The Constitution declares India to be a sovereign, socialist, secular, democratic republic, assuring its citizens of justice, equality, and liberty, and endeavours to promote fraternity among them. The words "socialist" and "secular" were added to the definition in year:

A)1956
B)1976
C)1970
D)1952

Question 15

Which of the following is not a fundamental right in the Constitution of India?

A)Right to work
B)Right to Equality
C)Right to Education
D)Right against exploitation

Question 16

____________ environment is very significantly influenced by the world trade organization principles and agreements.

A)Economic
B)Global
C)Legal
D)Political

Question 17

Fundamental Rights have no value without….

A)Right to Freedom
B)Right to Freedom of Religion
C)Right to Constitutional Remedies
D)Right to Property

Question 18

__________ feature of business environment states that various factors of business environment affect each other.

A)Pervasive
B)Continuous
C)Dynamic
D)Interrelatedness

Question 19

Competition is beneficial to the competing firms besides benefiting the ___

A)Producers
B)Intermediaries
C)Finances
D)Consumers

Question 20

___________ is a short-term unsecured promissory note issued by reputed business organisations at a price lower than its face value and redeemable at par.

A)Treasury bill
B)Commercial paper
C)Certificate of deposit
D)Promissory note

Question 21

________ is a source of financing to meet very short-term fund requirements of commercial banks with a provision of renewal.

A)Treasury Bill
B)Commercial Paper
C)Certificate of Deposit
D)Call Money

Question 22

____________ is the market which helps existing investors to sell their securities.

A)Primary market
B)Secondary market
C)Capital market
D)Commodity market

Question 23

____________ is the institution which provides a platform for trading of existing securities having long-term maturity.

A)SEBI
B)WTO
C)Stock exchange
D)RBI

Question 24

_______is the primary motive for a business enterprise

A)Profit
B)Maximize customers
C)Human objective
D)Maximize suppliers

Question 25

The following statement with respect to culture is false

A)Culture is enduring
B)Culture is changing
C)Culture is evolved among the members of a society
D)Culture is determined by national boundaries