Entrepreneurship - Lesson 2.03 Test Review

Which of the following is an example of a demographic trend?

• A concern for fitness and health

• The aging population

• Rising interest rates

• Shifting political climates

Environmental scanning is sometimes called environmental ____________.

• planning

• management

• protection

• analysis

A business cannot control its

• personnel

• production

• external environment

• research and development

Which of the following is a factor that relates to the government category of an environmental scan?

• Religious Affiliation

• Stage of the business cycle

• Advances in technology

• Import/Export regulations

Which of the following is the most rapidly changing category of information included in an environmental scan?

• Demographics

• Technology

• Government

• Competition

Which is done first in an environmental scan?

• Carry out scanning activities

• Identify and analyze important trends and issues

• Select trends and issues to act on

• Identify participants and responsibilities

A business should conduct environmental scans on a continuous basis so it can

• Change customers' attitudes

• Respond to opportunities and threats quickly

• Save money

• Control the external environment

Which of the following is NOT one of the steps of the environmental scanning process?

• Gather information about the surroundings

• Analyze the information

• Determine the organizational structure

• Determine the future impact of that information

Which of the following is NOT an element of the internal environment that a business can control?

• Finances

• Personnel

• Production

• The Economy

Which of the following is the most rapidly changing category of the external environment?

• Demographics

• Society and Culture

• Technology

• The Economy