CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 11 - MCQExams.com

State whether the following statement is True or False:
Big and powerful firms adopt the response of gaining command over the environment.
  • True
  • False
State whether the following statement is True or False:
Denationalization is a form of privatization.
  • True
  • False
State whether the following statement is True or False:
Adaptation response involves anticipation of changes in business environment.
  • True
  • False
The process of economic liberalization was implemented in India in the year __________.
  • 1990
  • 1991
  • 1992
  • 1993
In employment a person receives ________.
  • profit
  • fee
  • salary
  • dividend
Partial or complete sale of a public sector enterprise is called _______.
  • liberalization
  • privatization
  • globalization
  • none of them
Which of the following is an example of industrial reforms?
  • Delicensing of industry
  • Simplification of licensing products
  • Permission to public sector units to raise capital from the capital market
  • All the above
The initial trigger for the policy of economic liberalization in India in 1991 was ________.
  • Foreign exchange crisis
  • Shortage of cash
  • Overpopulation
  • None of them
Which are the following are non-economic activities. 
  • A mother cooking food for her children
  • A teacher teaching in a coaching centre
  • A young boy helps an old man in crossing the road
  • The chaat seller outside a school
  • A lady officer in Delhi Police
Coercive power, reward power, legitimate power, expert power and referent power are given by _________.
  • French and Raven
  • Robert Owen
  • Adam Smith
  • Max Weber
The imposition of a ceiling on a monopolist's price will effect the company's ________.
  • profits only
  • average revenue in the short-run only
  • equilibrium output only
  • equilibrium output and profits
Profits, people and planet together constitute company's ________.
  • Vision
  • Mission
  • Triple Bottom Line
  • None of the above
Which  type of structure of organisation will be preferred in dynamic, scarce and complex environment?
  • Boundary less organisation
  • Organic model
  • Mechanistic model
  • Virtual organisation
Wages are paid to __________.
  • blue collar worker
  • white collar worker
  • both (a) and (b)
  • none of these
Which among the followings is not a technique of conflict resolution?
  • Problem solving
  • Smoothing
  • Personnel counselor
  • Compromise
Sale of public enterprises to private sector is called __________.
  • Globalisation
  • Privatization
  • Liberalization
  • None of the above
Piecemeal sale of the assets of a division of the company is called ___________.
  • Modernization
  • Diversification
  • Both a and b
  • None of these
Who has written the book "Emotional Intelligence"?
  • Daniel Goleman
  • Howard Gardener
  • Robert Thomdike
  • Salovey
Which type of structure of organisation will be preferred in stable, abundant and simple environment?
  • Boundary less organisation
  • Organic model
  • Mechanistic model
  • Virtual organisation
Environmental factors may be-
A. Internal 
B. External
Select the correct answer from the options given below.
  • Neither A nor B
  • B only
  • Both A and B
  • A only
Environment can be forces of _______apart from internal forces of the organization.
  • Economic factors
  • Social factors
  • Political factors
  • Economic, social, political and technological factors
The object of privatization is/are________________.
  • To improve the performance of PSUs so as to lessen the financial burden on taxpayers
  • To encourage and to facilitate private sector investments, from both domestic and foreign sources
  • To generate revenues for the state
  • All of above
Which of the following are among the 14 principles of management in the class management work of Henri Fayol?
Personnel tenure
Unity of command
Core competence
Scalar chain
Select the correct answer using the code given below:
  • only 1, 2 and 3
  • only 2 and 4
  • only 1 and 3
  • 1, 2, 3 and 4
Which of the following statement is TRUE?
(1) Environmental refers to all forces, which have a bearing on the functioning of business.
(2) Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.
  • (1) only
  • (2) only
  • Both (1) and (2)
  • Neither (1) nor (2)
What gives a summarized picture of the environmental factors and their likely impact on organization?
  • ESOP
  • ETOP
  • ESOF
  • ETOF
Which among the following analysis is a tool for environmental analysis?
  • SWOT
  • EOQ
  • MBO
  • PLC
A vividly descriptive image of what a company wants to be known for _____________.
  • Vision
  • Mission
  • Objective
  • Goal
TQM's major emphasis is on ___________.
  • product quality
  • company profitability
  • customer delight
  • employees training
Which of the following is NOT an example of a type of schedule report?
  • Gantt Chart
  • Fishbone diagram
  • Milestone chart
  • Network diagram
Biodiversity is high in _______________________.
  • Tundra Zone
  • Temperate Zone
  • Torrid Zone
  • Tropic Zone
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