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 Which of the following is not covered by the organization's Internal Environment (a) Human Resource (b) R & D (c) Media (d) Management Structure 32 / 51 The matters relating to creating close linkages and letter communication with customers, suppliers and alliance partners given in a mission/ vision • Statement are (a) Internal to organization (b) External to organization (c) Both (a) and (b) (d) Neither (a) nor (b) 33 / 51 Legislature, executive and the judiciary comes under the (a) Political Environment (b) Physical Environment (c) Legal Environment (d) Both (aland (c). 34 / 51 ................. means the flexibility and adaptability of law and other legal rule governing the business (a) Political Environment (b) Legal Environment (c) Technological Environment (d) Both (a) and (b). 35 / 51 Financial Factors, Human Resource, Marketing Resource and Miscellaneous Factors are________ Factors. (a) Micro (b) Macro (c) Internal (d) External 36 / 51 Micro Environment is also known as (a) Operating Environment (b) Task Environment (c) Both (a) and (b) (d) Either (a) or (b). 37 / 51 Micro and Macro Environment is the part of ................. . (a) Business Environment (b) Internal Environment (c) External Environment (d) Both (b) & (c). 38 / 51 A Business has absolute control on the ................. . (a) Internal Environment (b) External Environment (c) Both (a) & (b) (d) None of these. 39 / 51 13. Which of the following is a type of economic system ? (a) Capitalistic economy (b) Socialistic economy (c) Mixed economy (d) All of the above 40 / 51 Change in technology, economic conditions, political and legal factors are ................. factors. (a) Internal (b) External (c) Both (a) and (b) (d) None of the above 41 / 51 ................. factors affects the economy as a whole and are not particular to any organization. (a) Micro (b) Macro (c) Internal (d) None of the above 42 / 51 Macro environment is also known as : (a) Task environment (b) Remote environment (c) Global environment (d) Operating environment 43 / 51 Micro environmental factors can be described as ................. close to a business that have a direct impact on its strategy. (a) External factors (b) Internal factors (c) Both (a) and (b) (d) Competitive factors 44 / 51 Micro factors are the factors that are in the company’s immediate environment. (a) True (b) False (c) Partly True (d) None of the above 45 / 51 ................. is a type of external environment. (a) Operating (b) General (c) Remote (d) All of the above. 46 / 51 Environment factors which are within the control of business are known as: (a) Micro factors (b) Internal factors (c) Macro factors (d) External factors 47 / 51 Internal business environment does not include: (a) Man (b) Money (c) Marketing Resources (d) Government Policies. 48 / 51 Types of Business Environment includes the following: (a) Internal (b) External (c) Both (a) and (b) (d) None of the above 49 / 51 Features of business environment does not include: (a) Uncertainty (b) Relativity (c) Static Nature (d) Specific and General forces 50 / 51 Modern business is ................. (a) Constant (b) Profitable (c) Dynamic (d) Stable 51 / 51 Profit is the only objective of all business firms (a) True (b) False (c) Partly True (d) Partly False Your score is LinkedIn Facebook Twitter VKontakte
