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.
81. GNP stands for_____________________
A. Gross National Product
B. Gross negative product
C. Gross negotiable product
D. None of the above
ANSWER: A
82. SAOIL is ______.
A. Steel authority of India ltd .
B. School authority of India ltd.
C. State authority of India ltd.
D. Span authority of India ltd.
ANSWER: A
83. NDP is ____.
A. Net Domestic Product.
B. Net Domestic Percentage.
C. Net Domestic Personnel.
D. Net Domestic Public.
ANSWER: A
84. Who gave a practical shape to privatization?
A. MARGARAT THATCHER.
B. LOUIS PETER.
C. WILLIAMS.
D. FAYOL.
ANSWER: A
85. In privatization SIP refers to _______.
A. Share issue privatization.
B. Shares in privatization.
C. Share industry privatization.
86. The techniques of privatization are contract _______and concession.
A. building.
B. free .
C. leases .
D. hire purchase.
ANSWER: C
87. There are _____sins of privatization.
A. 5.
B. 6.
C. 7.
D. 8.
ANSWER: C
88. The income level of residents in a country is indicated by _______.
A. gross national income.
B. gross domestic product.
C. per capita gross national income.
D. per capita gross domestic product.
ANSWER: C
89. ——–is the process of analyzing the environment for the identification of factors which have
impact on or have implication for the business.
A. Assessment
B. Forecasting
C. Scanning
D. None of these
ANSWER: C
90. PEST is an acronym which stands for ________.
A. Political, Environment, Societal, Technology. Share institution privatization.
B. Political, Economic, Societal, Technological.
C. Political, Economic, Social, Technological.
D. People, Economy, Standards, Transport.
ANSWER: C
