CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 6 - MCQExams.com

Consumer attitudes and beliefs about diet, health and nutrition are influenced by______.
  • Economic environment
  • Cultural environment
  • Social environment
  • Natural environment
Which of the following does not characterize the business environment?
  • Uncertainty
  • Employees
  • Relativity
  • Complexity
Products of different countries are available in the markets of India, because of the process of _______.
  • Globalization
  • Industrialization
  • Privatization
  • Urbanization
Shweta Ltd. has retained earnings of Rs. 72 lakh and equity capital of Rs. 38 lakh. If the equity investors expect a rate of return of $$17\%$$ and the cost of issuing fresh equity is $$6\%$$, the cost of external equity is ___________.
  • $$16.4\%$$
  • $$17.4\%$$
  • $$17.7\%$$
  • $$18.1\%$$
  • $$19.1\%$$
Which of the following is an example of social environment?
  • Money supply in the economy
  • Consumer protection Act
  • The Constitution of the country
  • Composition of family
Globalisation means _______.
  • national Integration
  • cultural Integration
  • integration of the economy of a country with the world.
  • self-reliance
The term Globalization means __________
  • integration of the economy of a country with the world
  • easing trade policies
  • reduction in Corporate and non-corporate taxes
  • all the three
The key word that can be used to describe the basic environment problem that all societies face is ________.
  • selfishness
  • greed
  • inequality
  • scarcity
General forces that affect business environment do not include _________.
  • investor
  • social conditions
  • customers
  • suppliers
Out of the following, the main sets of forces mostly affecting organisations 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 organization and the interests of stakeholders
  • government, competitors and consumers
When we analyze the processes of change in the business environment we are conceptualizing it as _______.
  • complex
  • static
  • dynamic
  • diverse
If there is a transfer of assets from the public sector to the private sector it is referred as __________.
  • privatization
  • deregulation
  • nationalization
  • individualism
Globalisation leads to _________.
  • greater employment opportunities
  • growth in trade
  • economic welfare
  • all the three
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
Appropriate technology ________.
  • is technology that seeks to replace energy intensive and polluting technologies
  • is technology that is best suited to the local internal and external environment in which a business operates
  • will occur when "high-tech" solutions replace "low-tech" ones
  • is when one business copies the technology that has been developed by another
Increase in the number of working women and the rise in no family households are examples of _______.
  • The geographic shifts in population
  • The changing family
  • The changing age structure of the population
  • A better-educated and more white-collar population
WTO helped in _______.
  • privatization
  • reducing the barriers to trade
  • helped in providing political stability for companies who are doing international business
  • all of the above
Liberalization does not include ________.
  • reduction in taxes
  • simplifying exports
  • reducing administrative burden on state
  • abolishing industrial licensing requirement for most of the industries
First mover advantage refers to ______.
  • early identification of business opportunities
  • early identification of uncertainty
  • early identification of business rivals
  • early identification of uncertainty in business
Business environment is multifaceted as _______.
  • it is an opportunity for some but a threat for others
  • it has multiple work to do
  • there are $$40$$ many different businesses.
  • none of the above
The exercising of political authority at a higher level is often referred as _____.
  • economic policies
  • economic conditions
  • technology
  • globalization
Business environment is dynamic in nature means ________.
  • early identification of opportunities
  • changes are always taking place in the business environment
  • identification of threats
  • giving directions for growth
Select out the one that is not a part of the macro-environment _________.
  • demographic forces
  • competition forces
  • political forces
  • natural forces
Which of the following is a part of liberalization process?
  • Making industrial licensing requirement mandatory in most of the industry
  • Regulating the scale of business activities
  • Fixing of prices of goods and services
  • Simplifying the procedures for imports and exports
Research has shown that the most important demographic feature of India regarding, oversell attraction?
  • Easy availability of skilled labour
  • Easy availability of working population
  • Easy availability of mobile people
  • Easy availability of intermediary people
Macro factors of business environment are generally _______.
  • As controllable as micro factors
  • Less controllable than micro factors
  • More controllable than micro factors
  • None of the above
Which of the following is not an example of social environment?
  • Composition of family
  • Literacy rate
  • Money supply in the economy
  • Technology
What does the acronym STEEP mean?
  • Sociological, Technological, Economical, Environmental and Political
  • Suppliers, Technology conditions, Ecology and physical environment, Political and legal
  • Employees and Political legal 
  • Shareholders
A society's basic values, lifestyles, culture, preferences are all parts of its _____ environment.
  • cultural-economic
  • physical environment
  • natural
  • socio-cultural
When a state owned enterprise is given in private hands, it is known as _____.
  • Liberalisation
  • Globalisation
  • Privatisation
  • Transformation
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