Font size
WorksheetsBusiness Environment & Planning
Total questions: 20
Worksheet time: 15mins
Which of the following is not a feature of planning?
Planning is futuristic.
Planning is pervasive.
Planning establishes standards for controlling.
Planning focuses on achieving objectives.
Which of the following is not a general force in business environment?
political environment
social environment
competitors environment
Economic environment
Which of the following is not the element of political environment?
Constitution of the country
prevailing political system
popularity of e-banking
Level of political morality
Which of the following is not a feature of Business environment? *
Interrelated Elements
Complex
Continuous
Dynamic
________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm.
Opportunities
Threats
Benefits
Weakness
Identify the feature of business environment.
Demand for sarees may be high in India but almost negligible in Europe.
Relativity
Inter-relatedness
Complex
The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.
Dynamic nature
Uncertainty
Relativity
Interrelatedness
Business Environment is a combination of ___________ and ___________ forces.
(a)
Considering the nationwide lockdown amid COVID-19 pandemic, ICICI has launched mobile ATM facility to let people stay safe at their homes. Which importance of business environment is highlighted here?
Helps in getting first mover advantage
Helps in identifying early threat signals
Helps in tapping resources
Helps in adapting with the rapid changes
With the introduction of Photostat Machines in the market, the carbon paper industry was adversely affected. Which component of environment was responsible for it?
Economic
Political
Technological
All of the Above
Which of the following is not true with reference to planning?
Planning is a prerequisite for controlling
Planning does not lead to rigidity
Planning enables a manager to look ahead and anticipate changes
Planning facilitates coordination among departments and individuals in the organisation
It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.
Planning leads to rigidity
Planning reduces creativity
Planning may not work in a dynamic environment
Planning does not guarantee success
Technological conditions are not a component of specific forces of business environment.
True
False
Identify the feature of business environment from following statement.
Business environment have some forces which effect business firms directly but some factors affect them indirectly.
Complexity
Inter-relatedness
Relativity
Specific and general forces
Identify the point of importance of business environment from following statement.
ITC Hotels planned new hotels in India after observing boom in tourism sector.
It enables the firm to identify opportunities and getting the first mover advantage.
It helps in tapping useful resources
It helps in assisting in planning and policy formulation
Planning is a _____________ process
Periodic
continuous
casual
annual
By comparing ______ with standards manager can know whether the goals are achieved or not:-
a) Risk
(b) Ideas
(c) Actual performance
(d) Costs
First step in planning process is ________________
Setting objectives
Developing premises
Evaluate alternative
None of the above
