Deck 9: Business Environment and Economic Factors: Understanding the Elements, Significance, and Impact on Growth and Development

Question 1

what is the nature of business environment?

A)Aggression.
B)Relative.
C)Uncertain.
D)Aggression, Relative and Uncertain.

Answer 1

Aggression, Relative and Uncertain.

Question 2

What is the significance of business environment?

A)First Mover Advantage.
B)Competition.
C)Information.
D)Globalization.

Answer 2

First Mover Advantage.

Question 3

What are the elements of business environment?

A)Micro Environment.
B)Macro Environment.
C)Complex Environment.
D)Steeple factor

Answer 3

Steeple factor

Question 4

Macro environment is also known as _________?

A)direct environment .
B)indirect environment.
C)competitive environment.
D)social environment.

Question 5

Macro environment consist of ______?

A)public.
B)political & legal.
C)suppliers.
D)customers.

Question 6

The micro environment consists ______.

A)Technological Environment.
B)Political Environment.
C)Economic Environment.
D)Public, middlemen, consumers & competitors.

Question 7

_______ refers to all forces which have an economic impact.

A)Technological Environment.
B)Political Environment.
C)Economic Environment.
D)Legal environment

Question 8

__________ decides on a particular course of action.

A)Legislature.
B)Executive.
C)Judiciary.
D)Public.

Question 9

The first MNC came to India in _______.

A)1920.
B)1921.
C)1919.
D)1923

Question 10

Porter s model represents the relationship between _______.

A)organizational and environment.
B)society and environment.
C)organization and society.
D)society and industry.

Question 11

________environment refers to all economic factors which have a bearing on the functioning of a business.

A)Economic.
B)Technological.
C)Natural.
D)Social.

Question 12

Capitalism stresses the philosophy of individualism believing in private Ownership comes under ____.

A)legal planning.
B)soviet planning.
C)government planning.
D)agricultural planning.

Question 13

In which year socialism the tools production are not managed by government?

A)1952.
B)1950.
C)1951.
D)1953.

Question 14

In capitalism ____ losses assumed by the customers.

A)economics.
B)technological.
C)natural.
D)social.

Question 15

In communism the state determines one s employer and employment ____.

A)socialism.
B)economics.
C)communism.
D)capitalism.

Question 16

The _____ socialism seems to fall between capitalism and communism ____.

A)increased.
B)decreased.
C)lowlevel.
D)medium.

Question 17

Has the per capita income increased or decreased from 1980 to 2009 ___.

A)increased.
B)decreased.
C)medium.
D)narrow.

Question 18

Population is a component of the total ______environment.

A)economic.
B)social.
C)natural.
D)technology.

Question 19

Which plan gives priority for family planning?

A)State Policy.
B)Judicial Policy.
C)Industrial
D)Energy

Question 20

One of the objectives of industrial policy is to accelerate the rate of economic Growth and speed up industrialization___.

A)1955.
B)1956.
C)1957.
D)1958.

Question 21

MRTP act was set up in the year _______.

A)1950.
B)1951.
C)1952.
D)1953.

Question 22

The liberalization of the rules relating to FDI permitting _______% equity in wide range of Industries.

A)50.
B)51.
C)52.
D)53.

Question 23

In some circles, a multinational corporations is also referred to ____________.

A)multinational collaboration .
B)multinational entity.
C)multinational enterprises.
D)multinational development.