MULTIPLE CHOICE QUESTIONSCHAPTER 3: Business Environment
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Business Environment is the sum total of all the internal and external factors that creates an impact on the business. It is referred to as the collection of all individuals and entities that may or may not be under the control of the organisation, but which can have a greater impact on the performance, growth, profitability and in some cases survival of the organisation. Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation. The components of a business environment can be media, customers, government, economic conditions, suppliers, competitors etc. There are two types of environment within the business environment which are known as micro environment and macro environment. Following are some of the business environment multiple choice questions and answers that will help the students in brushing up their understanding of the concept of business environment. Q1. Liberalization means A. Free determination of interest rates B. Liberating the industry, trade and economy from unwanted restrictions C. Opening up of economy to the world by attaining international competitiveness D. Reducing number of reserved industries from 17 to 8 Answer: B Q2. When a company taken over another one and clearly becomes the new owner, the action is called A. Acquisition B. Merger C. Strategic Alliance D. None of the above Answer: A Q3. By which act does the government check restrictive trade? A. MRTP Act B. FEMA act C. Industrial Policy Act 1991 D. None of these Answer: A Q4. Which among the following is not opened for private sector participation A. Railways B. Telecommunication sector C. Education sector D. Power sector Answer: A Q5. Which among these can be the condition for the success of privatisation? A. Measurability of performance B. Alternative institutional arrangements C. Barriers to enter the market D. All of the above Answer: C Q6. Which among these is monopolistic trade practice? A. Manufacturing only one product B. Selling only one product C. Limiting technical Development D. Unreasonably limiting competition Answer: A Q7. The Industrial policy resolution was passed first in A. 1947 B. 1956 C. 1931 D. 1948 Answer: D Q8. Globalisation is the term used to describe process of removal of restriction on A. Investment B. Foreign Trade C. Both (A) and (B) D. None of the above Answer: C Q9. Laissez Faire policy is adopted in A. Socialist Economic system B. Capitalist Economic system C. Communist Economic System D. Mixed Economic System Answer: A Q10. Which one is not the main objective of Fiscal Policy in India? A. To promote employment opportunities B. To minimize the inequalities of income and wealth C. To promote price stability D. To increase liquidity in economy Answer: D For more such interesting MCQs on various commerce topics visit here Which of the following is an element of an organization internal environment?The mission, objectives, policies, human resources and shareholders' value are examples of internal environment of a business.
What are the elements of the internal work environment in organizations?The internal environment generally consists of those elements that exist within or inside the organization such as physical resources, financial resources, human resources, information resources, technological resources, organization's goodwill, corporate culture and the like.
Which one of the following is not an element of internal environment mcq?Explanation : Money and Capital Market is not an element of internal environment because we are study the factors which affect the business.
Which of the following mentioned is not the component of internal environment of an organization Mcq?Explanation : The customer is not a part of the internal environment.
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Which of the following is an element of an organizations internal environment Mcq?
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