Business Environment MCQ

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?

    • Economic Environment
    • Social Environment
    • Political Environment
    • Technological Environment