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Business environment -1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is not a component of the business environment?

a)

Political

b)

Social

c)

Internal

d)

Legal

2.

PESTLE analysis is used to examine the:

a)

Internal structure of a company

b)

Economic growth rate

c)

External business environment

d)

Customer satisfaction level

3.

Liberalization in India began in the year:

a)

1991

b)

1985

c)

1995

d)

2005

4.

Which factor does not fall under the economic environment?

a)

Interest rates

b)

Inflation rate

c)

Population growth

d)

GDP Growth

5.

The full form of PESTLE is:

a)

Political, Economic, Social, Technological, Legal, Environmental

b)

Price, Economic, Structure, Trade, Law, Ethics

c)

Policy, Employment, System, Trade, Labor, Economy

d)

Political, Ethical, Social, Technical, Legal, Education

6.

Privatization implies:

a)

Decreasing interest rates

b)

Transferring ownership from public to private sector

c)

Increasing taxes on private firms

d)

Government control on foreign firms

7.

Business environment is said to be dynamic because:

a)

It is complex

b)

It is ever-changing

c)

It is legal

d)

It is profitable

8.

Which of these is an example of a social environment factor?

a)

Changes in government

b)

Customer preferences

c)

Rate of inflation

d)

Import-export policies

9.

Which of the following is a feature of business environment?

a)

Predictability

b)

Static nature

c)

Inter-relatedness

d)

Simplicity

10.

Which type of environment includes suppliers and customers?

a)

External macro environment

b)

External micro environment

c)

Internal environment

d)

Legal environment