Question 1

In which of the following basic categories can business environment be divided?&#10;A)Local and Regional&#10;B)Regional and National.&#10;C)Internal and External.&#10;D)Financial and Nonfinancial.

Accepted Answer

The business environment is typically divided into internal and external categories. The internal environment includes factors within the company that can be controlled and managed, such as employees, company culture, and processes. The external environment encompasses factors outside the company that can affect its performance, such as market trends, economic conditions, and legal regulations.

Question 2

____ is a statement Which derives the role that an organization plays in a society.&#10;A)Goals.&#10;B)Mission.&#10;C)Objective.&#10;D)Success.

Accepted Answer

A mission statement defines the purpose of an organization and how it aims to serve its key stakeholders, encapsulating the role it plays in society.

Question 3

Economic environment refers to all forces which have a _____.&#10;A)political.&#10;B)natural&#10;C)economic.&#10;D)social.

Accepted Answer

Economic environment specifically refers to all the economic forces that affect the business operations and decisions, such as inflation rates, interest rates, economic growth patterns, and the overall economic climate of a country or region.

Question 4

______environment is with in the control of the business.&#10;A)Internal.&#10;B)External.&#10;C)Micro.&#10;D)Macro.

Accepted Answer

The internal environment refers to the elements within an organization that can be controlled or influenced by the business, such as its culture, resources, and processes.

Question 5

____ environment is beyond the control of the business.&#10;A)Internal.&#10;B)External.&#10;C)Micro.&#10;D)Macro.

Accepted Answer

External environment is beyond the control of the business.

Question 6

Micro environment is also called as ________.&#10;A)general environment.&#10;B)operating environment.&#10;C)economics environment.&#10;D)political environment.

Accepted Answer

The micro environment, also known as the operating environment, includes all the entities that a company directly interacts with in the course of its business. This can include customers, suppliers, competitors, and distributors.

Question 7

Macro environment is also called as _______.&#10;A)general environment.&#10;B)operating environment.&#10;C)economic environment.&#10;D)political environment.

Accepted Answer

The macro environment is also referred to as the general environment. It encompasses the broad environmental context in which a company operates, including economic, political, social, technological, environmental, and legal factors, rather than the more immediate operating environment of the company.

Question 8

The environment which is close to business and affect its capacity to work is known as ___environment.&#10;A)internal.&#10;B)external.&#10;C)micro.&#10;D)macro.

Accepted Answer

The micro environment refers to the immediate environment that surrounds the business and affects its capacity to work. This includes factors like suppliers, customers, competitors, and distributors that a business directly interacts with.

Question 9

Factors that create opportunities and threats to business units is known as_______.&#10;A)internal environment.&#10;B)external environment.&#10;C)micro environment.&#10;D)macro environment.

Accepted Answer

The macro environment consists of factors that create opportunities and threats to business units.

Question 10

Internal factors affecting a business environment also are referred to ____factors.&#10;A)controllable.&#10;B)uncontrollable factors.&#10;C)relevant.&#10;D)global.

Accepted Answer

Internal factors affecting a business environment are considered controllable because they originate within the organization and can be altered or managed by the organization's leadership.

Question 11

External factors affecting a business environment also be referred to ___factors.&#10;A)controllable.&#10;B)uncontrollable.&#10;C)relevant.&#10;D)global

Accepted Answer

The answer of External factors affecting a business environment also...

Question 12

Study of human population is called as _____ environment.&#10;A)political.&#10;B)social.&#10;C)demographic.&#10;D)economic

Accepted Answer

The answer of Study of human population is called as...

Question 13

IN which year the essential commodities act introduced___.&#10;A)1954.&#10;B)1955.&#10;C)1956.&#10;D)1957.

Accepted Answer

The answer of IN which year the essential commodities act...

Question 14

Which is the one not included in national culture?&#10;A)Language.&#10;B)Internet.&#10;C)Belief.&#10;D)Attitude.

Accepted Answer

The answer of Which is the one not included in...

Question 15

Culture spreads from one place to anther and such transmission is called as ________.&#10;A)difference.&#10;B)reputation.&#10;C)adoption.&#10;D)heritage.&#10;

Accepted Answer

The answer of Culture spreads from one place to anther...

Question 16

An attitude composed of effect____.&#10;A)flextime.&#10;B)cognition.&#10;C)relationship.&#10;D)culture.

Accepted Answer

The answer of An attitude composed of effect____.&#10;A)flextime.&#10;B)cognition.&#10;C)relationship.&#10;D)culture....

Question 17

What is the main occupation of Kshatriyas?&#10;A)engage in cleaning.&#10;B)engaged in trade.&#10;C)engaged in army work.&#10;D)none of the above

Accepted Answer

The answer of What is the main occupation of Kshatriyas?&#10;A)engage...

Question 18

A systematic application of scientific knowledge to practical task is known as________.&#10;A)technology.&#10;B)culture.&#10;C)demograpic.&#10;D)legal.

Accepted Answer

The answer of A systematic application of scientific knowledge to...

Question 19

___ is defined as systematic assessment of the social impact of the activities of a business firm.&#10;A)Social audit.&#10;B)Social responsibility.&#10;C)Social interaction.&#10;D)Social benefit.

Accepted Answer

The answer of ___ is defined as systematic assessment of...

Question 20

What are the elements of business ethics?&#10;A)Values rights and duties.&#10;B)attitudes pressure and environment.&#10;C)value environment and attitude.&#10;D)Responsibilities.

Accepted Answer

The answer of What are the elements of business ethics?&#10;A)Values...

Question 21

Corporate values are the _______ of the corporate sector.&#10;A)shared values.&#10;B)moral beliefs.&#10;C)customer satisfaction.&#10;D)goodwill.

Accepted Answer

The answer of Corporate values are the _______ of the...

Question 22

The economic system in which both public and private sectors co exist is known as ___economy.&#10;A)capitalism.&#10;B)socialism.&#10;C)democratic.&#10;D)republic.

Accepted Answer

The answer of The economic system in which both public...

Question 23

One Reserve Bank of India introduced certificates of deposit in ____.&#10;A)1964.&#10;B)1989.&#10;C)1986.&#10;D)1990

Accepted Answer

The answer of One Reserve Bank of India introduced certificates...

Question 24

Fical policy refers to the policy of government regarding taxtation public expenditure and ____.&#10;A)public debt.&#10;B)budgets.&#10;C)policies.&#10;D)deposits.

Accepted Answer

The answer of Fical policy refers to the policy of...

Deck 7: Understanding Business Environment and Ethics