Worksheets2.03 Quiz
Total questions: 20
Worksheet time: 10mins
Which of the following is a true statement about the term “environment”:
It consists of your surroundings.
It refers only to the earth and its resources.
It has no affect on your performance.
It applies to individuals, not businesses.
Environmental scanning is sometimes called environmental
management
planning
protection
analysis
A main reason that environmental scanning is important is so that businesses can be aware of
new products.
competitors’ internal environments.
potential threats.
foreign markets.
A business cannot control its
personnel
external environment.
production.
research and development.
Which of the following is a true statement about a business’s environment:
It can be avoided.
It consists of the economy and technology.
It is always changing.
It may not affect the business, depending on the industry
Which of the following groups is most likely to share the same demographics
Working mothers
Online shoppers
Airline passengers
International travelers
Which of the following is an example of a demographic trend:
Shifting political climates
Rising interest rates
A concern for fitness and health
The aging of the population
Changing attitudes about family roles is an example of a shift in
society and culture.
demographics
the economy.
competition.
Inflation is a factor involved in which category of an environmental scan?
Technology
Economy
Demographics
Competition
Businesses must gather information about the competition during an environmental scan. Which of the following is an example of brand competition:
Beauty salons v. veterinarians
Grocery stores v. fitness centers
Coke v. Pepsi
Microsoft v. Walmart
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 of the following examples illustrates how environmental factors are dynamic:
High interest rates will eventually get lower
Demographics influence social and cultural attitudes.
The economy impacts government policies.
The government provides subsidies to agricultural businesses.
Which of the following examples illustrates how environmental factors are interrelated:
New legislation will be written in the future
Low investor confidence heavily impacts financial planners.
The economy affects what competitors are doing.
The economy affects banking institutions
Which of the following is an example of how a business or industry has a unique relationship with its environment:
Demand for skilled nursing care rises as the population ages.
An economy in prosperity will eventually experience recession.
Social and cultural attitudes change over time.
New technology causes new laws to be enacted.
Which of the following would be 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
Which of the following is a tool that can be used to carry out scanning activities:
Manufacturing equipment
Personnel records
Budgeting software
Market research studies
Which of the following is a true statement about carrying out scanning activities:
All information should be obtained in a formal manner.
Information obtained from television is unreliable.
You must focus only on relevant information.
You should avoid using surveys.
One way to determine the importance of an issue or trend is to consider its impact on
your personal finances.
demand for your business’s products.
your competitors’ personnel.
foreign governments.
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.
