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Basic Business Environment MCQ

1. A culture that tolerates a high level of ambiguity in communication values _______________.

Individualism

Masculinity

Uncertainty

Collectivism

Answer

Correct Answer: Uncertainty

Note: This Question is unanswered, help us to find answer for this one

2. A ____ consists of a selection of colors and fonts for the various sections in a report or form.

Clear

Layout View

Theme

Add Existing Fields

Answer

Correct Answer: Theme

Note: This Question is unanswered, help us to find answer for this one

3. As air rises in a convection current __________.

A strong El Niño and warmer than normal temperatures.

Surface temperature was record setting in 2014, but atmospheric temperature was not.

It leaches important minerals from soils

Water condenses out to form clouds and rain

Answer

Correct Answer: Water condenses out to form clouds and rain

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4. As cities continue to expand and grow, residents most likely can expect __________.

Less urban sprawl

Less smog and haze

Less air pollution

Less availability of water

Answer

Correct Answer: Less availability of water

Note: This Question is unanswered, help us to find answer for this one

5. A temperature inversion can adversely affect air quality and is characterized by ________.

Finding cures for the diseases caused by air pollutants

A layer of warm air forming above colder air

Significant reduction in automobile use

UV from sunlight causing Cl atoms to break free from CFCs

Answer

Correct Answer: A layer of warm air forming above colder air

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6. The goods and the services produced, priced and distributed by the government is ___.

Market economy.

Secular economy.

Command economy.

Mixed economy.

Answer

Correct Answer: Command economy.

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7. Who is responsible for presenting the Union Budget before the Parliament?

Prime Minister

Finance Minister

RBI Governor

none of the above

Answer

Correct Answer: Finance Minister

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8. he taking over of a private firm by the host country government to be run it as a government unit is ______.

expropriation

confiscation

nationalisation

domestication

Answer

Correct Answer: nationalisation

Note: This Question is unanswered, help us to find answer for this one

9. The total accumulated value of foreign- owned assets at a given period of time is __.

flow of FDI

stock of FDI

inflow of FDI

outflow of FDI

Answer

Correct Answer: stock of FDI

Note: This Question is unanswered, help us to find answer for this one

10. The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________.

global standardization strategy.

localization strategy.

transnational strategy

international strategy.

Answer

Correct Answer: global standardization strategy.

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11. The origin of Common law is in _____.

America

England

Russia

India

Answer

Correct Answer: America

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12. A mixed economy is necessarily a _____.

controlled

planned

organised

planned, organised and controlled.

Answer

Correct Answer: planned, organised and controlled.

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13. The legal system in India is based on ______.

Common law.

Civil law

Theocratic law.

Hindu law

Answer

Correct Answer: Hindu law

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14. The major responsibility of RBI is __________.

healthy regulation

monetary regulation.

work regulation .

industrial regulation

Answer

Correct Answer: monetary regulation.

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15. The European Union is an example of ______.

monetary union.

free trade area.

common market.

economic union.

Answer

Correct Answer: economic union.

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16. PEST is an acronym which stands for ________.

Political, Environment, Societal, Technology. Share institution privatization.

Political, Economic, Societal, Technological.

Political, Economic, Social, Technological.

People, Economy, Standards, Transport.

Answer

Correct Answer: Political, Economic, Social, Technological.

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17. --------is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business.

Assessment

Forecasting

Scanning

None of these

Answer

Correct Answer: Scanning

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18. The income level of residents in a country is indicated by _______.

gross national income

gross domestic product.

per capita gross national income.

per capita gross domestic product.

Answer

Correct Answer: per capita gross national income.

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19. There are _____sins of privatization.

Answer

Correct Answer: 7

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20. The techniques of privatization are contract _______and concession.

building

free

leases

hire purchase.

Answer

Correct Answer: leases

Note: This Question is unanswered, help us to find answer for this one

21. Who gave a practical shape to privatization?

MARGARAT THATCHER.

LOUIS PETER.

WILLIAMS

FAYOL

Answer

Correct Answer: MARGARAT THATCHER.

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22. NDP is ____.

Net Domestic Product

Net Domestic Percentage

Net Domestic Personnel.

Net Domestic Public.

Answer

Correct Answer: Net Domestic Product

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23. SAOIL is ______.

Steel authority of India ltd .

School authority of India ltd.

State authority of India ltd.

Span authority of India ltd.

Answer

Correct Answer: Steel authority of India ltd .

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24. GNP stands for_____________________

Gross National Product

Gross negative product

Gross negotiable product

None of the above

Answer

Correct Answer: Gross National Product

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25. GDP is ____.

Gross Domestic Product.

Gross Domestic Percentage

Gross Domestic Personnel.

Gross Domestic Public

Answer

Correct Answer: Gross Domestic Product.

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26. FERA is foreign exchange regulation act for _________.

industries

small scale .

labour

owner

Answer

Correct Answer: industries

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27. Multinational corporations is also referred to ____________.

multinational collaboration.

multinational entity

transnational corporation.

multinational development.

Answer

Correct Answer: transnational corporation.

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

multinational collaboration .

multinational entity.

multinational enterprises.

multinational development

Answer

Correct Answer: multinational enterprises.

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

Answer

Correct Answer: 51

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30. MRTP act was set up in the year _______.

1950

1951

1952

1953

Answer

Correct Answer: 1950

Note: This Question is unanswered, help us to find answer for this one

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

1955

1956

1957

1958

Answer

Correct Answer: 1955

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32. Industrial policy was set up in the year _______.

1955

1956

1957

1958

Answer

Correct Answer: 1956

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33. Governments policy towards industries is called as ________.

economic policy.

industrial policy.

monetary policy

work policy.

Answer

Correct Answer: industrial policy.

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34. Which plan gives priority for family planning?

State Policy.

Judicial Policy

Industrial

Energy

Answer

Correct Answer: Judicial Policy

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35. Population is a component of the total ______environment.

economic

social

natural

technology

Answer

Correct Answer: economic

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

increased

decreased

medium

narrow

Answer

Correct Answer: medium

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37. The _ socialism seems to fall between capitalism and communism .

increased

decreased

lowlevel

medium

Answer

Correct Answer: increased

Note: This Question is unanswered, help us to find answer for this one

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

socialism

economics

communism

capitalism

Answer

Correct Answer: socialism

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39. Depreciation is permitted in communism ________.

legal planning.

soviet planning.

government planning

agricultural planning.

Answer

Correct Answer: legal planning.

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40. In capitalism ____ losses assumed by the customers.

economics

technological

natural

social

Answer

Correct Answer: technological

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

legal planning

soviet planning

government planning.

agricultural planning.

Answer

Correct Answer: legal planning

Note: This Question is unanswered, help us to find answer for this one

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

legal planning

soviet planning

government planning.

agricultural planning.

Answer

Correct Answer: legal planning

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

Economic

Technological

Natural

Social

Answer

Correct Answer: Economic

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44. Porter s model represents the relationship between _______.

organizational and environment

society and environment.

organization and society

society and industry.

Answer

Correct Answer: organizational and environment

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45. Economic growth can be measured by ___________.

the CPI.

the CBI.

GDP

MPC

Answer

Correct Answer: GDP

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46. The first MNC came to India in _______.

1920

1921

1919

1923

Answer

Correct Answer: 1921

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47. __________ decides on a particular course of action.

Legislature

Executive

Judiciary

Public

Answer

Correct Answer: Legislature

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48. _______ refers to all forces which have an economic impact.

Technological Environment.

Political Environment

Economic Environment

Legal environment

Answer

Correct Answer: Economic Environment

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49. _______ refers to all forces which have an economic impact.

Technological Environment.

Political Environment

Economic Environment

Legal environment

Answer

Correct Answer: Economic Environment

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50. The micro environment consists ______.

Technological Environment.

Political Environment.

Economic Environment.

Public, middlemen, consumers & competitors.

Answer

Correct Answer: Public, middlemen, consumers & competitors.

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51. Macro environment consist of ______?

public

political & legal.

suppliers

customers

Answer

Correct Answer: political & legal.

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52. Macro environment consist of ______?

public

political & legal.

suppliers

customers

Answer

Correct Answer: political & legal.

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53. Macro environment is also known as _________?

direct environment .

indirect environment.

competitive environment.

social environment.

Answer

Correct Answer: indirect environment.

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54. Macro environment is also known as _________?

direct environment .

indirect environment.

competitive environment.

social environment.

Answer

Correct Answer: indirect environment.

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55. What are the elements of business environment?

Micro Environment.

Macro Environment.

. Complex Environment.

Steeple factor

Answer

Correct Answer: Steeple factor

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56. What is the significance of business environment?

First Mover Advantage.

Competition.

Information

Globalization

Answer

Correct Answer: First Mover Advantage.

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57. What is the significance of business environment?

First Mover Advantage.

Competition.

Information

Globalization

Answer

Correct Answer: First Mover Advantage.

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58. what is the nature of business environment?

Aggression

Uncertain

Aggression, Relative and Uncertain.

Answer

Correct Answer: Aggression, Relative and Uncertain.

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59. ________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

Market Leadership.

Challenge

Joy of Creation

Growth

Answer

Correct Answer: Joy of Creation

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60. ________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

Market Leadership.

Challenge

Joy of Creation

Growth

Answer

Correct Answer: Joy of Creation

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61. The following statement with respect to culture is false.

Culture is enduring.

Culture is changing.

Culture is evolved among the members of a society.

Culture is determined by national boundaries.

Answer

Correct Answer: Culture is determined by national boundaries.

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62. _______is the primary motive for a business enterprise.

Profit

Maximize customers.

Human objective

Maximize suppliers.

Answer

Correct Answer: Profit

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63. Goals realization continuously will lead to _______.

mission fulfillment.

maximize customers.

high revenue.

maximize suppliers.

Answer

Correct Answer: mission fulfillment.

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64. What are the main concepts concerning about business goals or objectives?

Mission, objectives.

Mission , targets

Mission, objectives, target.

Target, objectives.

Answer

Correct Answer: Mission, objectives, target.

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65. What are the main concepts concerning about business goals or objectives?

Mission, objectives.

Mission , targets

Mission, objectives, target.

Target, objectives.

Answer

Correct Answer: Mission, objectives, target.

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66. Competition is beneficial to the competing firms besides benefiting the ______?

producers.

intermediaries.

finances

consumers

Answer

Correct Answer: consumers

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67. ____refers to the system of moral principles and rules of conduct applied to business.

Business culture.

Business ethics.

Business

Society

Answer

Correct Answer: Business ethics.

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68. Is interference of government in business is common in every country?

1960

1970

1980

1990

Answer

Correct Answer: 1960

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69. Is interference of government in business is common in every country?

1960

1970

1980

1990

Answer

Correct Answer: 1960

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70. 2. Is todays business is not characterized by diversification?

Social relationship.

Profit

Customers

Assets

Answer

Correct Answer: Profit

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71. 2. Is todays business is not characterized by diversification?

Social relationship.

Profit

Customers

Assets

Answer

Correct Answer: Profit

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72. A valid definition of a business purpose is to _______.

create a customer.

maximize profits

serve the society.

increase the wealth in the firm

Answer

Correct Answer: create a customer.

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73. Is the modern business dynamic?

mass production

. mass marketing.

mass sales.

mass purchase.

Answer

Correct Answer: mass production

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74. What is the single word that can best describe today s business?

Technology

Profit Making.

Change

People

Answer

Correct Answer: Change

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75. Business includes _____.

. non-economic activities.

economic activities.

social activities.

production activities

Answer

Correct Answer: economic activities.

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76. India is good example for ________economy.

socialist.

mixed

capitalist

communist

Answer

Correct Answer: mixed

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77. ___________ occupies the central place in business.

People

Raw material.

Labour

Finished goods.

Answer

Correct Answer: Raw material.

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78. The era of deregulation / liberalization begin in ___.

1950and51

1980

1991

1960

Answer

Correct Answer: 1950and51

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79. _______ state can have an elected or hereditary head.

Democratic

Autocratic

Socialized

Republic

Answer

Correct Answer: Democratic

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80. Industrial policy of 1948 aimed at ______.

ndustrialization

growth of agriculture.

development of infrastructure .

development of service sector

Answer

Correct Answer: ndustrialization

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81. In India liberalization and privatization began from____.

1991

1971

1981

1947

Answer

Correct Answer: 1981

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82. Which can be a method of privation?

Denationalization

Purchasing shares.

Takeover

Merger

Answer

Correct Answer: Denationalization

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83. National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____.

1991

1992

1993

1994

Answer

Correct Answer: 1992

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84. Self fulfillment and immediate gratification are_____cultural values.v

Self fulfillment and immediate gratification are_____cultural values.

rises

diminishes

corporte

Answer

Correct Answer: rises

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85. One concept of culture determines the ___ of people.

experience

ethics

education

wealth

Answer

Correct Answer: ethics

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86. Fiscal policy is called as ______ policy.

monetary

budgetary

industrial

economic

Answer

Correct Answer: budgetary

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87. The sixth plan mentions 17 criteria for determining the prevalence of ____.

poor

academician

backwardness

business

Answer

Correct Answer: backwardness

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88. Fical policy refers to the policy of government regarding taxtation public expenditure and ____.

public debt.

budgets

policies

deposits

Answer

Correct Answer: budgets

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89. One Reserve Bank of India introduced certificates of deposit in ____.

1964

1989

1986

1990

Answer

Correct Answer: 1989

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90. The economic system in which both public and private sectors co exist is known as ___economy.

capitalism

socialism

democratic

republic

Answer

Correct Answer: socialism

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91. The economic system in which business units or factors of production are privately owned and governed is called as______.

capitalism

socialism

democratic

republic

Answer

Correct Answer: capitalism

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92. Corporate values are the _______ of the corporate sector.

shared values

moral beliefs.

customer satisfaction

goodwill

Answer

Correct Answer: moral beliefs.

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93. What are the elements of business ethics?

Values rights and duties.

attitudes pressure and environment

value environment and attitude

Responsibilities.

Answer

Correct Answer: Values rights and duties.

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94. ___ is defined as systematic assessment of the social impact of the activities of a business firm.

Social audit.

Social responsibility

Social interaction.

Social benefit.

Answer

Correct Answer: Social audit.

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95. A systematic application of scientific knowledge to practical task is known as________.

technology

culture

demograpic

legal

Answer

Correct Answer: technology

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96. What is the main occupation of Kshatriyas?

engage in cleaning.

engaged in trade.

engaged in army work.

none of the above

Answer

Correct Answer: engaged in trade.

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97. An attitude composed of effect____.

flextime

cognition

relationship

culture

Answer

Correct Answer: cognition

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98. Culture spreads from one place to anther and such transmission is called as ________.

difference

reputation

adoption

heritage

Answer

Correct Answer: difference

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99. Which is the one not included in national culture?

Language

Internet

Belief

Attitude

Answer

Correct Answer: Internet

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100. . IN which year the essential commodities act introduced___.

1954

1955

1956

1957

Answer

Correct Answer: 1955

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101. Study of human population is called as _____ environment.

political

social

demographic

economic

Answer

Correct Answer: demographic

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102. External factors affecting a business environment also be referred to ___factors.

controllable

uncontrollable

relevant

global

Answer

Correct Answer: uncontrollable

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103. Internal factors affecting a business environment also are referred to ____factors.

controllable

uncontrollable factors.

relevant

global

Answer

Correct Answer: controllable

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104. Factors that create opportunities and threats to business units is known as_______.

internal environment

external environment.

micro environment

macro environment.

Answer

Correct Answer: macro environment.

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105. The environment which is close to business and affect its capacity to work is known as ___environment.

internal.

external

micro

macro

Answer

Correct Answer: micro

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106. Macro environment is also called as _______.

general environment.

operating environment.

economic environment.

political environment.

Answer

Correct Answer: general environment.

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107. Micro environment is also called as ________.

general environment.

operating environment.

economics environment.

political environment

Answer

Correct Answer: operating environment.

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108. ____ environment is beyond the control of the business.

Internal

External

Micro

Macro

Answer

Correct Answer: External

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109. ______environment is with in the control of the business.

Internal

External

Micro

Macro

Answer

Correct Answer: Internal

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110. Economic environment refers to all forces which have a _____.

political

natural

economic

social

Answer

Correct Answer: economic

Note: This Question is unanswered, help us to find answer for this one

111. ____ is a statement Which derives the role that an organization plays in a society.

Goals.

Mission

Objective

Success

Answer

Correct Answer: Mission

Note: This Question is unanswered, help us to find answer for this one

Business Environment MCQs | Topic-wise

MCQ on Business Regulation	MCQ on Corporate Personhood
MCQ on Corporate Social Responsibility	MCQ on Data and Hacking
MCQ on Globalization in Business and Society	MCQ on International and Multinational Organizations
MCQ on Managing a Diverse Workforce	MCQ on Organizations and Public Policy
MCQ on Social Media and Citizen Movements	MCQ on Stakeholder and Shareholder Theories
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Corporate Social Responsibility MCQs

Ethics and Ethical Reasoning MCQs

Organizations and Public Policy MCQs

Liability, Business Agreements, and Managing Risk MCQs

Business Regulation MCQs

Environmentalism and Sustainability MCQs

Employees and Corporation MCQs

Managing a Diverse Workforce MCQs

Financial Systems and Society MCQs

International and Multinational Organizations MCQs

Social Media and Citizen Movements MCQs

Data and Hacking MCQs

Privacy in the Digital Age MCQs

Corporate Personhood MCQs

Globalization in Business and Society MCQs

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Basic Business Environment MCQ

1. A culture that tolerates a high level of ambiguity in communication values _______________.

2. A ____ consists of a selection of colors and fonts for the various sections in a report or form.

3. As air rises in a convection current __________.

4. As cities continue to expand and grow, residents most likely can expect __________.

5. A temperature inversion can adversely affect air quality and is characterized by ________.

6. The goods and the services produced, priced and distributed by the government is ___.

7. Who is responsible for presenting the Union Budget before the Parliament?

8. he taking over of a private firm by the host country government to be run it as a government unit is ______.

9. The total accumulated value of foreign- owned assets at a given period of time is __.

10. The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________.

11. The origin of Common law is in _____.

12. A mixed economy is necessarily a _____.

13. The legal system in India is based on ______.

14. The major responsibility of RBI is __________.

15. The European Union is an example of ______.

16. PEST is an acronym which stands for ________.

17. --------is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business.

18. The income level of residents in a country is indicated by _______.

19. There are _____sins of privatization.

20. The techniques of privatization are contract _______and concession.

21. Who gave a practical shape to privatization?

22. NDP is ____.

23. SAOIL is ______.

24. GNP stands for_____________________

25. GDP is ____.

26. FERA is foreign exchange regulation act for _________.

27. Multinational corporations is also referred to ____________.

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

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

30. MRTP act was set up in the year _______.

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

32. Industrial policy was set up in the year _______.

33. Governments policy towards industries is called as ________.

34. Which plan gives priority for family planning?

35. Population is a component of the total ______environment.

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

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

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

39. Depreciation is permitted in communism ________.

40. In capitalism ____ losses assumed by the customers.

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

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

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

44. Porter s model represents the relationship between _______.

45. Economic growth can be measured by ___________.

46. The first MNC came to India in _______.

47. __________ decides on a particular course of action.

48. _______ refers to all forces which have an economic impact.

49. _______ refers to all forces which have an economic impact.

50. The micro environment consists ______.

51. Macro environment consist of ______?

52. Macro environment consist of ______?

53. Macro environment is also known as _________?

54. Macro environment is also known as _________?

55. What are the elements of business environment?

56. What is the significance of business environment?

57. What is the significance of business environment?

58. what is the nature of business environment?

59. ________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

60. ________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

61. The following statement with respect to culture is false.

62. _______is the primary motive for a business enterprise.

63. Goals realization continuously will lead to _______.

64. What are the main concepts concerning about business goals or objectives?

65. What are the main concepts concerning about business goals or objectives?

66. Competition is beneficial to the competing firms besides benefiting the ______?

67. ____refers to the system of moral principles and rules of conduct applied to business.

68. Is interference of government in business is common in every country?

69. Is interference of government in business is common in every country?

70. 2. Is todays business is not characterized by diversification?

71. 2. Is todays business is not characterized by diversification?

72. A valid definition of a business purpose is to _______.

73. Is the modern business dynamic?

74. What is the single word that can best describe today s business?

75. Business includes _____.

76. India is good example for ________economy.

77. ___________ occupies the central place in business.

78. The era of deregulation / liberalization begin in ___.

79. _______ state can have an elected or hereditary head.

37. The _ socialism seems to fall between capitalism and communism .