Business Environment 0 Business Environment 1 / 51 Q.30 Which of the following is not a factor of Demographic Environment? Ethnic Mix Legal Population size Geographic Distribution 2 / 51 Q.29 In external environmental scanning, interest rates, cycle of recessions and inflation are classified as geographic influences government influences economics influences technological advancement 3 / 51 Q.28 Procedure of analyzing threats and opportunities of organization's environment is classified as Environmental influences Environmental economics Environmental planning Environmental scanning 4 / 51 Q.27 _____ with their own bargaining power affect the cost structure of the industry. Intermediaries Suppliers Consumer Government 5 / 51 Q.26 Why is it difficult to understand Environmental Influences? It has different sub-systems It cannot be predicated easily It has a complex frame work All of the above 6 / 51 Q.25 The basic goals of Environmental Analysis include - Knowing and understanding the changes in the Environment Collecting relevant information for decision making Facilitating Strategic thinking All of the above 7 / 51 Q.24 The price sensitivity of the market is an important factor of which element of Micro environment: Suppliers Market Intermediaries Customer 8 / 51 Q.23 Characteristics of a Business Environment include - Dynamism Complex Multi-faceted All of the above 9 / 51 Q.22 Who occupies the central position in the marketing environment? Consumer Customer Organisation All of the above 10 / 51 Q.21 Which type of Enterprise does not have the need to interact with the Environment Small Enterprises Proprietary Firm Micro Enterprises None of the above 11 / 51 Q.20 A threat is An unfavourable condition in organisation environment which creates risk or damage to the environment. An inherent limitation or constaint An unfavourable condition in organisation environment which consolidates its strength None of the above 12 / 51 Q.19 A change in the Environment - is always Accepted by Firms is always declined by Firms may be an opportunity to some and threat to some other Firms None of the above 13 / 51 Q.18 What are the pre-requisites for a Firm to respond to the External Environment? Monitoring the Environment Identifying the factors Capacity to develop effective responses All of the above 14 / 51 Q.17 Which of the following exhibit characteristic of business enviornment I. Environment is static II. Environment is dynamic. III Enviornment is complex and multi faceted IV it has short term reach options Point I & III Point I, II, & III Point II & IV Point II & III 15 / 51 Q.16 Which of the following does not characterize the Business Environment? Methods of production Complexity Uncertainty Relativity 16 / 51 Q.15 External factors affecting a business environment is also referred to as ______ factors. Controllable relevant global uncontrollable 17 / 51 Q.14 Trends relate to: Happening of events in internal Environment Grouping of similar or related events Demands made by Interested group None of the above 18 / 51 Q.13 Internal factors affecting a business environment isalso referred to as _____ factors. controllable uncontrollable factors relevant global 19 / 51 Q.12 _______ environment is beyond the control of the business . Internal External Micro Macro 20 / 51 Q.11 _______ environment is within the control of the business. Internal External Micro Macro 21 / 51 Q.10 Environmental Analysis helps in: Providing input for strategic decision making Turning threat?s to firms advantage Anticipate opportunities and to take optional responses All of the above 22 / 51 Q.9 External factors in a Business Environment include - Opportunities Threats Both (a) and (b) None of the above 23 / 51 Q.8 Business Environment represents ______ forces that exert some degree of impact on the business decisions taken by the firm. Internal Forces External Forces Financial Forces National Forces 24 / 51 Q.7 Organisations depend upon which environment for Input: Technological Environment Social ? Economic Environment External Environment Legal Environment 25 / 51 Q.6 ________ represents all external forces, factors or conditions that exert some degree of impact on the business decisions, strategies and actions taken by the Firm. Business Location Business Environment Business Threat Business Surrounding 26 / 51 Q.5 In which of the following basic categories can Business Environment be divided? Local and Regional Regional and National Internal and External Financial and Non-financial 27 / 51 Q.4 Financial Factors, Human Resource, Marketing Resource and Miscellaneous Factors are __________ Factors. Micro Macro Internal External 28 / 51 Q.3 A Business has absolute control on the __________. Internal Environment External Environment Both (a) & (b) None of these. 29 / 51 Q.2 Which of the following affects an individual enterprise ? General forces Both (a) and (b) Specific forces None of these 30 / 51 Q.1 Which one of the following is the desired future position? Financial Statement Vision Statement Objectives All of the above 31 / 51 What significant impact do rankings for the ease of doing business have on countries? (a) They determine international trade agreements. (b) They affect the political stability of the country. (c) They lead to legislative reforms and improvements. (d) They control the exchange rate of the country's currency. 32 / 51 What is the main goal of the "Make in India" campaign regarding business in India? (a) Promoting foreign tourism (b) Reducing the manufacturing sector's GDP share (c) Focusing on 25 economic areas for growth (d) Encouraging businesses to operate abroad 33 / 51 Why is maintaining a positive relationship with the media essential for businesses? (a) To influence government decisions (b) To control the media's content (c) To avoid any negative press coverage (d) To reduce the need for advertising 34 / 51 Which of the following is NOT a component of the micro environment for a business? (a) Shareholders (b) Government regulations (c) Customers (d) Competitors 35 / 51 In the context of the business environment, what is the role of the environmental environment? (a) Promoting aggressive business practices (b) Minimizing the harm caused to the environment (c) Ignoring environmental concerns for profitability (d) Boosting agricultural businesses 36 / 51 What is the primary role of judicial decisions in influencing business activities? (a) Setting business regulations (b) Directly managing businesses (c) Ensuring compliance with the constitution (d) Influencing government policies 37 / 51 Â Why is the legal environment important for businesses? (a) It imposes restrictions that hinder business growth. (b) It ensures businesses follow ethical practices. (c) It provides opportunities for businesses to thrive. (d) It sets guidelines and regulations that businesses must comply with. 38 / 51 What key factors are included in the technological environment? (a) Tax regulations and government policies (b) Rate of technological change, new processes, and equipment (c) Demographic forces and educational systems (d) Monetary policy and fiscal policy 39 / 51 Which component of the external business environment primarily deals with societal elements, including norms, values, and beliefs? (a) Economic Environment (b) Technological Environment (c) Legal Environment (d) Socio-cultural Environment 40 / 51 Â What impact does the political environment have on businesses and their strategies? (a) It has no influence on business operations. (b) It shapes government policies but does not affect businesses. (c) It influences business tactics, government relations, and stability. (d) It solely affects large corporations. 41 / 51 Â In the context of business, who is considered the most important microeconomic factor? a) Supplier b) Employee c) Competitor d) Customer 42 / 51 Which component of business environment requires that advertisements of baby food must necessarily inform potential buyers that mother's milk is the best? a) Economic Environment b) Natural Environment c) Social Environment d) Regulatory Environment 43 / 51 What does the acronym "PESTLE" represent, as mentioned in the text? (a) A type of business environment (b) A method for analyzing the business environment (c) A specific government agency (d) A global trade agreement 44 / 51 Which of the following is NOT one of the dimensions of business environment identified in the text? (a) Economic conditions (b) Social trends (c) Regulatory processes (d) Government actions 45 / 51 What is the significance of the improvement in India's recovery rate under resolving insolvency, as mentioned in the text? (a) It signifies that insolvency cases take longer to resolve. (b) It indicates that insolvency cases have become more complex. (c) It reflects a positive change in resolving insolvency cases. (d) It has no relevance to the business environment. 46 / 51 According to the case study, what resources are made readily available to the relationship managers to enhance their performance? (a) Legal documents (b) Marketing materials (c) Account opening forms (d) Office furniture 47 / 51 In the context of the provided case study, what concept is reflected in the statement, "He has created an internal environment which is conducive to effective and efficient performance of his team"? (a) Economic Environment (b) Micro Environment (c) Business Environment (d) Regulatory Environment 48 / 51 What does the State/Union Goods and Services Tax (SGST/UTGST) aim to achieve? (a) Subsuming state-level indirect taxes (b) Introducing complex taxation systems (c) Increasing compliance difficulties for businesses (d) Discouraging foreign investments 49 / 51 Â Which factor is NOT a focus area of the exercise for improving the business regulatory environment in India? (a) Rationalization of licenses and certificates (b) Minimizing display requirements (c) Increasing regulatory burden (d) Simplification of manual forms and records 50 / 51 What is the objective of the Business Reforms Action Plan (BRAP) in India? (a) Reducing transparency in business regulations (b) Streamlining regulatory structures for businesses (c) Increasing government red tape for investors (d) Eliminating the need for investor-friendly climate 51 / 51 Which initiative contributed to India's improved ranking in the World Bank's Ease of Doing Business Index? (a) Introduction of higher taxes (b) Implementation of complex regulations (c) Promotion of paperless transactions (d) Elimination of foreign investments Your score is LinkedIn Facebook Twitter VKontakte
