Entrepreneurship and Environmental Scanning Quiz

What is the primary purpose of environmental scanning for entrepreneurs?

• To increase product prices

• To acquire information about external conditions

• To reduce employee turnover

• To enhance customer loyalty

Which of the following is NOT a mode of environmental scanning?

• Random sampling

• Formal searching

• Undirected viewing

• Conditioned viewing

What is a significant factor that affects the success of entrepreneurs in international competition?

• Access to social media

• Regulatory environments

• Availability of office space

• Popularity of the product

Which country is mentioned as having the best ease of business formation?

• China

• Australia

• Philippines

• Indonesia

What is the main focus of the community environmental perspective?

• Reducing operational costs

• Understanding local impacts

• Maximizing profits

• Increasing market share

Which of the following is a characteristic of the internal environment of a company?

• Government regulations

• Market competition

• Company culture

• Economic trends

What is the average time to register property in Malaysia?

• 90 days

• 60 days

• 143 days

• 30 days

What is the corporate income tax rate in the Philippines?

• 30%

• 25%

• 20%

• 15%

Which of the following is a barrier to entrepreneurship mentioned in the text?

• Low operational costs

• Strong competition

• Political instability

• High consumer demand

What is the purpose of investor protection regulations?

• To protect small shareholders

• To ensure fair competition

• To increase taxes on businesses

• To limit foreign investments