Below Business Environment quiz are Multiple Choice Questions (MCQs) type Quiz. These Business Environment MCQ Questions helps you to refresh your Business Environment, you can see the correct option by clicking on it. .
1. Following is not the importance of business environment:
Get first mover advantage
complexity
Tapping useful resources
better performance
2. Following are the elements of social environment:
Educational system and literacy rates
family structure
caste and occupational structure
all of the above
3. A bus fare is $2.00 in the morning rush hour, but only $1.50 during the afternoon. The morning fare can be explained by the fact that the demand for morning bus rides is
Price Elastic
Price Inelastic
4. Which of the following is not the element of political environment:
Constitution of the country
prevailing political system
popularity of e-banking
Level of political morality
5. Following is not a general force environment:
political environment
social environment
competitors environment
Economic environment
6. Globalization is the term used to describe process of removal of restriction on------
Foreign Trade
Investment
Both (a) and (b)
None of the above
7. Which of the following is not a feature of Business environment? *
Interrelated Elements
Complex
Continuous
Dynamic
8. An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as
Organisational Social Responsibility
Organisational Social Responsiveness
Corporate Obligation
Business Ethics
9. A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
Crisis
Ethical Issue
Indictment
Fraud
10. ________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *
Opportunities
Threats
Benefits
None of the above
11. The organic food market in India is grow at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. Which dimension of business environment is highlighted here?