Business Environment refers to external forces outside the business enterprise that may influence the business enterprise's working or operation. The business enterprise must be aware of external forces and dynamics to adapt to the changing environment. The dimensions of the business environment including economic, social, political, legal, and technological aspects are examined properly for decision-making for better results. So take this quiz and learn more about the business environment.
1. Which one of the following is not a feature of the business environment?
A. Uncertainty
B. Interdependence
C. Complexity
D. Stability
2. The business environment is a large ____ as it is very difficult to predict future happenings.
A. Uncertainty
B. Relativity
C. Dynamic
D. Pervasive
3. Which one of the following is the objective of the business environment?
A. Knowledge of information
B. Basis of decision
C. Survive in business
D. All of the above
4. Which one of the following is not part of the internal environment?
A. Financial factor
B. Physical and Human resources
C. Work environment
D. Supplier
5. Economic environment includes ______.
A. Per capita income
B. Exchange rate
C. Labour cost
D. All of the above
6. Which one of the following is the part of the macro-environment?
A. Economic environment
B. Consumer
C. Supplier
D. None of the above
7. _________ is significance of business environment.
A. Early warning signal
B. Dynamic
C. Complex
D. Interdependent
8. _______ is the nature of the business environment that suggests that the environment keeps changing.
A. Multidimensional
B. Complex
C. Dynamic
D. Pervasive
9. liberalization means _____.
A. Policy of planned disinvestment
B. Integrating among economies
C. End of license and reduction of government
D. All of the above
10. Which of the following is a feature business environment?
A. Dynamic
B. Complexity
C. Relativity
D. All of the above
11. Which of the following is not a part of specific forces of the business environment?
A. Customers
B. Technological conditions
C. Employees
D. Investors
12. Which one of the following is the impact of government policy changes on the business environment and industries?
A. Increase in agriculture productivity
B. Increase in product prices
C. Increase in competition
D. Increase in urbanization
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