Free Printable biz env test

1.

Which of these are external factors that influence financial decisions?

a)

Price

b)

Personal

c)

Cultural

d)

Marketing

e)

Finance

2.

Which best identify Internal factors influencing financial decisions?

a)

Age

b)

Gender

c)

Occupation

d)

Social Influences

e)

Marketing

3.

technological environment includes:

a)

advances in production technology

b)

advances in information technology

c)

popularity of e -banking

d)

all of the above

4.

Following is the impact of government policy changes on business and industry:

a)

technological upgradation

b)

Demanding customers

c)

Increased competition

d)

All of the above

5.

Following are the elements of social environment:

a)

Educational system and literacy rates

b)

family structure

c)

caste and occupational structure

d)

all of the above

6.

Legal environment includes:

a)

government policies related to pricing

b)

the constitutional framework

c)

goverment policies related to import and export

d)

all of the above

7.

Following is not the importance of business environment:

a)

Get first mover advantage

b)

complexity

c)

Tapping useful resources

d)

better performance

8.

Which of the following is an example of social environment?

a)

money supply in the economy

b)

consumer protection act

c)

The constitution of the country

d)

composition of family

9.

The importance of understanding of business environment is signified by :

a)

The importance of understanding of business environment is signified by :

b)

coping with rapid changes

c)

improvement in performance

d)

all of the above

10.

In order for relationships in the business to be functional (have a positive impact),...

a)

Employees should be trained to be tolerant of differences.

b)

There should be a person who dominates discussions because they were a top student in university.

c)

Employees should be encouraged to communicate in a constructive manner about their ideas and even differences

d)

Time management skills are crucial - especially where the output of one employee becomes the input of another employee

11.

The internal business environment consists of...

a)

factors that directly impact the organisation

b)

factors that influence the operations of the business

c)

factors that influence the wider environment in which the business operates

12.

A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

a)

Increasing competition

b)

More demanding customers

c)

Necessity for change

d)

Market orientation

13.

In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

a)

Social dimension and Legal dimension

b)

Technological dimension and Political dimension

c)

Political dimension and Social dimension

d)

Economic dimension and Legal dimension

14.

The external environment is made up of two layers.. True or False?

a)

False

b)

True

15.

Which is an example of a macro economic factor?

a)

interest rates

b)

research and development

c)

climate change

16.

Which of the following is not the element of political environment:

a)

Constitution of the country

b)

prevailing political system

c)

popularity of e-banking

d)

Level of political morality

17.

Following is not the features of business environment:

a)

Totality of external forces

b)

dynamic nature

c)

industrial policy

d)

uncertainty

18.

.Business environment does not have the following characteristics:

a)

uncertainty

b)

employees

c)

relativity

d)

complexity

19.

Following is not the dimension of the business

a)

political environment

b)

social environment

c)

privatization

d)

economic environment

20.

Which of the following you will not include in economic environment

a)

economic policies of government

b)

market for labour

c)

per capita income

d)

customs of people

21.

.Globalisation signifies :

a)

integration among various economies of the world

b)

integration among various economies of the world

c)

removal of economic licensing

d)

none of the above

22.

Which of the following is not a feature of Business environment? *

a)

Interrelated Elements

b)

Complex

c)

Continuous

d)

Dynamic

23.

________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *

a)

Opportunities

b)

Threats

c)

Benefits

d)

None of the above

biz env test

Total questions: 23

Worksheet time: 12mins

Similar Resources on Wayground