Business Environment MCQs
Business Environment MCQs is the sum total of all the internal and external factors that creates an impact on the business. It is referred to as the collection of all individuals and entities that may or may not be under the control of the organisation, but which can have a greater impact on the performance, growth, profitability and in some cases survival of the organisation.
Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation.
The components of a business environment MCQs can be media, customers, government, economic conditions, suppliers, competitors etc. There are two types of environment within the business environment which are known as micro environment and macro environment.
Following are some of the business environment multiple choice questions and answers that will help the students in brushing up their understanding of the concept of business environment MCQs.
UNIT-III
41.A valid definition of a business purpose is to _______.
A. create a customer.
B. maximize profits.
C. serve the society.
D. increase the wealth in the firm.
ANSWER: A
42. Is todays business is not characterized by diversification?
A. Social relationship.
B. Profit.
C. Customers.
D. Assets.
ANSWER: B
43. Is interference of government in business is common in every country?
A. 1960.
B. 1970.
C. 1980.
D. 1990.
ANSWER: A
44. ____refers to the system of moral principles and rules of conduct applied to business.
A. Business culture.
B. Business ethics.
C. Business.
D. Society.
ANSWER: B
45. Competition is beneficial to the competing firms besides benefiting the ______?
A. producers.
B. intermediaries.
C. finances.
D. consumers.
ANSWER: D
46. What are the main concepts concerning about business goals or objectives?
A. Mission, objectives.
B. Mission , targets.
C. Mission, objectives, target.
D. Target, objectives.
ANSWER: C
47. Goals realization continuously will lead to _______.
A. mission fulfillment.
B. maximize customers.
C. high revenue.
D. maximize suppliers.
ANSWER: A
48. _______is the primary motive for a business enterprise.
A. Profit.
B. Maximize customers.
C. Human objective.
D. Maximize suppliers.
ANSWER: A
49. The following statement with respect to culture is false.
A. Culture is enduring.
B. Culture is changing.
C. Culture is evolved among the members of a society.
D. Culture is determined by national boundaries.
ANSWER: D
50. ________is the business through which new ideas and innovations are given a sharp and are
converted into useful products and services .
A. Market Leadership.
B. Challenge.
C. Joy of Creation.
D. Growth.
ANSWER: C
