CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 10 - MCQExams.com

Which of the following is not a part of Environmental factor?
  • Emphasis on safety
  • Energy available and costs,
  • Waste disposal,
  • Environmental legislation
When we analyse the processes of change in the business environment, it, conceptualizing it as_________.
  • Complex
  • Static
  • Dynamic
  • Diverse
Environment scanning involves  _________________.
  • Monitoring Govt. regulations
  • Monitoring Competitors
  • Monitoring supplier & client
  • Monitoring internal & external environment.
Buyers cannot exercise high bargaining power over their suppliers if ___________.
  • The volume they buy accounts for a large percentage of their supplier's sales
  • There are few buyers in the market
  • They have many suppliers to choose from
  • There is a high concentration of suppliers
Which of the following is not a type of Environmental Scanning?
  • Passive Scanning
  • Active Scanning
  • Directed Scanning
  • Indirect Scanning
Out of the following, the main sets of forces mostly affecting organizations are_____________________.
  • External stakeholders, management and staff.
  • Existing and potential competitors, suppliers, customers and substitute products or service.
  • General environmental factors, competitive forces, factors internal to the organisation and the interests of stakeholders
  • Government, competitors and consumers
Industry analysis should include information on ________.
  • Market size of competitor's product
  • Growth rate of suppliers
  • New product entry
  • Economic conditions
Which of the following is not a political factor that impacts external macro-environment?
  • Population growth rate,
  • Tax policy,
  • Government type and stability
  • Regulation and de-regulation trends
Which of the following is not one of the Porter's five force factor?
  • New Entrant
  • Supplier power
  • Competitor
  • Political factor
The insecurity due to tomorrow's products that haven't even been invented yet, reflects which aspect of the technological environment?
  • Concentration on minor improvements.
  • Increased regulation.
  • High R&D budgets.
  • The fast pace of technological change
What is the most appropriate Externally imposed strategy is?
  • Imposition of strategy by individual shareholder.
  • Imposition of strategy by managers
  • Reacting to threats and opportunities in the environment
  • The imposition of strategy by Government in companies where it has extensive regulation.
Out of the following, which would you NOT classify as a political-legal factor in the external environment?
  • European Union directive on working hours.
  • Government policy on corporate and personal income taxes
  • Regulatory requirements for the telecommunications industry.
  • Consumer attitudes to greater competition in the gas and electricity industries
Internal factors of business environment include ______________.
  • Vision of the organization
  • Mission of the organization
  • Vision and Mission of the organization.
  • Vision and Mission of the organization and other internal mechanism of the organization
Liberalization does NOT include__________________.
  • Reduction in taxes
  • Simplifying exports
  • Reducing administrative burden on state.
  • Abolishing industrial licensing requirement for most of the industries.
Analysing process of change in the business environment involves conceptualizing it as.
  • Complex
  • Static
  • Dynamic
  • Diverse
All of the following are the broad categories of External forces EXCEPT _____.
  • economic forces
  • socioeconomic forces
  • technological forces
  • none of the above
Which of the following is a characteristic of a business environment?
  • Aggregative
  • Dynamic
  • Uncertain
  • All of them.
The type of business environment within a company is called __________ environment ___________.
  • culture
  • employers
  • customers
  • internal
The acronym STEEP means ____________.
  • Social, Technological, Economical, Environmental, and Political  
  • Suppliers, Technology conditions, Ecology and physical environment, Political and legal
  • Employees & Political legal
  • None of these
Choose the correct alternative.
(i)Demographic trends are a part of _______.
  • Economic environment III
  • Social environment
  • Political environment
  • Legal environment
Understanding of environment enables a business enterprise to _______.
  • Focus on customers
  • Gain the first mover advantage
  • Become aware of impending threat
  • All of them.
A society's basic values, lifestyle, culture, preferences are all part of its ____________ Environment.
  • Cultural-economic
  • Physical environment
  • Natural
  • Socio cultural
Merger of associate banks of SBI into SBI is an example of changes in ________.
  • Economic environment
  • Technological environment
  • Social environment
  • Demographic environment
Demonetization and GST are examples of changes in ________.
  • Political environment
  • Social environment
  • Technological environment
  • Global environment
Which of the following relates to population?
  • Demographic environment
  • Social environment
  • Cultural environment
  • Natural environment
What is meant by the phrase CSR?
  • Corporate Social Responsibility
  • Company Social Responsibility
  • Corporate Society Responsibility
  • Company Society Responsibility
Effect of Globalisation will be felt significantly in respect of -
  • Outwardly-oriented economies
  • Internal-oriented economies
  • Both (a) and (b)
  • Neither (a) nor (b)
State whether the following statement is True or False:
Privatization and globalization are components of economic liberalization.
  • True
  • False
State whether the following statement is True or False:
Innovative approach requires no feedback system.
  • True
  • False
Age, family size, sex composition and other people related elements are part of _______.
  • Political environment
  • Economic environment
  • Demographic environment
  • Natural environment.
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