Business Environment

1.____refers to the process of eliminating unnecessary ns on the smooth functioning of business enterprises.

Social responsibility means__________ to care for the interest of society.

Air pollution,water pollution,land pollution and noise pollution are the cause of________________.

Choose the odd one out:

• Liberalisation

• Privatisation

• Digitalisation

• Globalisation

Which of the following is not ethical practice?

• Prompt payment of taxes by business

• Sell products with correct measurement

• Black marketing

• Providing fair wages to workers.

Includes the political system, the government policies and attitude towards the business community and the unionism. The environment being described here is social environment.

• True

• False

The business environment is static in nature.

• True

• False

What is the full form of LPG:

• Liberalisation, Planning and Government

• Liability, Public and Gratification

• Liberalisation, Privatisation and Globalisation

• Liquid Petroleum Gas

Which is a responsibility of a business

• Setting guidelines for the economy

• Earning money at the cost of others

• Utilising natural resources rapidly

• Giving fair treatment to suppliers and consumers

What is a characteristic of Business Environment:

• Business environment is always constant

• Business environment is unpredictable

• Business environment factors in all internal aspects of a business

• Business environment is the same in all areas of the world