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Business Environment Quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The management of the business has ________ the market environment

a)

Full control over

b)

No control over

c)

No control but can influence

d)

Little control

2.

Businesses can control the effect of trade unions through

a)

Collective bargaining

b)

strikes

c)

Destruction of property

d)

Management control

3.

Businesses that both sell All Gold Tomato sauce are an example of

a)

Indirect competition

b)

Direct competition

c)

Suppliers

d)

A monopoly

4.

Investing the business profits at a rate that grows faster than inflation is also known as:

a)

Hedging

b)

Strategic Alliance Agreements

c)

Persuasion of large investors

d)

Acquisitions

5.

A back up plan made in advance I saw known as

a)

An ad hoc plan

b)

A contingency plan

c)

A back up plan

d)

A floor plan

6.

Inflation

a)

Does not affect the business

b)

Is the general increase in the price of goods and services

c)

Is an increase in the petrol price

d)

Is decided by parliament

7.

when people who are blacklisted/unable to get credit at the bank, loan small amounts of money at large interest rates from someone willing to take a higher risk

a)

Microlending

b)

Micro loan

c)

Demographics

d)

Gambling

8.

When two businesses willingly combine to create a new business, this is known as:

a)

A merger

b)

A takeover

c)

An alliance

d)

An acquisition

9.

Psychographics are:

a)

The physical attributes of the target market

b)

The wants and needs of the consumers

c)

The beliefs and values of the consumers

d)

The education level of the consumers

10.

The Basic Conditions of Employment Act is an example of

a)

Contemporary legislation

b)

Globalisation

c)

Employee protection

d)

Employer insurance

11.

An overall reduction in consumer spending power is known as

a)

Recession

b)

Entrepreneurial factors

c)

Socio economic issues

d)

Legislation

12.

South Africa’s political environment is

a)

Stable

b)

Unstable

c)

Relatable

d)

Responsive to citizens

13.

___________ does not cause a shortage of supply

a)

Strikes

b)

Climate conditions

c)

Natural disasters

d)

A good supply network

14.

The processing and storing of data is known as

a)

VAT

b)

Information management

c)

Malware

d)

Competition

15.

A business’ need to give back to the community in which they operate

a)

Triple bottom line

b)

Corporate social responsibility

c)

Strategic response

d)

Globalisation

16.

When an employee has a grievance and the grievance has not been resolved through internal procedures or trough having a middle man and an objective party needs to make the final decision

a)

Conciliation

b)

Mediation

c)

Arbitration

d)

Strategic response

17.

When parastatals are sold to individuals because they are not profitable as state owned businesses

a)

Nationalisation

b)

Privatisation

c)

Spending power

d)

Eskom

18.

A businesses ability to be profitable for this generation and the next, without damaging natural resources is known as:

a)

Sustainability

b)

Flexibility

c)

Organisational design

d)

Hierarchy

19.

Influencing the supervisory body does not include:

a)

Auditing

b)

Following regulations

c)

Bribery

d)

Lobbying

20.

An example of a business that frequently participates in strategic alliances is

a)

Krispy Kreme

b)

Woolworths

c)

Pick n pay

d)

Starbucks