Practice Test

Q1) The purpose of business that goes beyond earning profits : Show Answer

Q2) The purpose of business that goes beyond earning profit : Show Answer

Q3) Environment refers to all forces, which have a bearing on the functioning of business. Show Answer

Q4) Environment can be forces of _______ apart from internal forces of the organization. Show Answer

Q5) Environmental factors may be________ Show Answer

Q6) The success of every business depends on adapting itself to the environment within which it functions Show Answer

Q7) Business environment is the sum total of all things _________to business firms and, as such is aggregative in nature Show Answer

Q8) Business environment includes ______________ Show Answer

Q9) Which of the following is/are not features of business evnironment? Show Answer

Q10) In relation to business environment specific forces includes___________ Show Answer

Q11) In relation to business environment general forces includes __________ conditions Show Answer

Q12) Business environment is ____________in nature. Show Answer

Q13) Business environment is largely _______________ Show Answer

Q14) The business environment is ____________in nature. Show Answer

Q15) Early identification of opportunities do not help an enterprise to exploit opportunities Show Answer

Q16) Identification of possible threats helps in taking corrective and improving measure to survive the competition Show Answer

Q17) In order to effectively cope with significant changes, firms must ___________the environment and develop suitable course of action. Show Answer

Q18) In which of the following ways proper understanding of various aspects of business environment helps the business? Show Answer

Q19) Environmental analysis makes the task of managers easier in dealing with business challenges. Show Answer

Q20) A___________ describes the desired future position of the company. Show Answer

Q21) A ___________ defines the company's business, its objectives and its approach to reach those objectives Show Answer

Q22) Your ______ is your ultimate gole, your _______ is how you will get there. Show Answer

Q23) Where you want your business to be in 10 years time. This can be termed as : ____________ Show Answer

Q24) To develop caliber professional facilitating good corporate governance is __________of ICSI. Show Answer

Q25) To be a global leader in promoting good corporate governance is __________of ICSI. Show Answer

Q26) To give people the power to share and make the world more open and connected is _______ of Face book Show Answer

Q27) To organise the world's information and make it universally accessible and useful is mission of ___________ Show Answer

Q28) To bring inspiration and innovation to every athlete in the world is mission of _______ Show Answer

Q29) "We invite new thinking, so even more fantastic ideas can evolve. We take chances. We exceed expectations. We help dreamers dream." This is vision of ________ Show Answer

Q30) A business has absolute control in the_______ whereas it has no control on the ________ Show Answer

Q31) ________ contains the owner of the business, the shareholders, the managing director, the non-managers, employee, the customers, the infrastructure of the business organization,and the culture of the organization. Show Answer

Q32) Internal environment includes __________ M's. Show Answer

Q33) Man (Human Resource), Money(Financial Factors), Marketing Resources, Machinery(Physical Assets), Management Structure and Nature are __________ factors Show Answer

Q34) ______ in any organization must have characteristics like skills, quality, high morale, commitment towards the work, attitude, etc. Show Answer

Q35) Share capital, banking and other financial institutions and unorganized capital markets are ____________ Show Answer

Q36) The internal factors that contribute to the business enviroment is/are : Show Answer

Q37) _________may include inventions and techniques which affect the way of doing things that is, designing, producing, and distributing products. Show Answer

Q38) The principles of right and wrong that are accepted by an individual or organization are what comprise Show Answer

Q39) The _______ of an organization comprises of all entities that exists ouside its boundaries but have significant influence over its growth and survival. Show Answer

Q40) The organization has little or no control over its ______ but needs to constantly monitor and adapt to these external changes. Show Answer

Q41) Environment factor which are beyond the control of individual is known as ___________ Show Answer

Q42) Change in technology, political factors, demand of population are_______ factors Show Answer

Q43) The micro environment is also known as the _______ Show Answer

Q44) The _______ consists of the factors in the company's immediate environment that affects the performance and working of the company. Show Answer

Q45) Micro environmental factors, internal factors close to a business that have a direct impact on its strategy includes:___________ Show Answer

Q46) Micro environmental factors, internal factors close to a business that have a direct impact on its strategy includes:___________ Show Answer

Q47) Macro environment is also known as ______________ Show Answer

Q48) Micro environmental factors can be described as __________ close to business that have a direct impact on its strategy. Show Answer

Q49) ___________ are generally more uncontrollable than micro environment factors. Show Answer

Q50) The environment is primarily concerned with major issues and upcoming changes in the environment. Show Answer

Q51) __________ factors affects the organization and not necessary to the whole economy Show Answer

Q52) ________ refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprises. Show Answer

Q53) ___________, which has become a universal trend, means transfer of ownership and/or management of an enterprise from public sector to the private sector Show Answer

Q54) ____________ may be defined as "the growing economic interdependence of countries worldwide through increasing valume and variety of cross boarder transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology". Show Answer

Q55) Liberalization includes _____________ Show Answer

Q56) Liberalization includes _____________ Show Answer

Q57) Liberalization has helped us in achieving _____________ Show Answer

Q58) Liberalization has helped us in achieving _____________ Show Answer

Q59) The objective of privatization is/are:______________ Show Answer

Q60) The objective of privatization is/are:______________ Show Answer

Q61) The objective of privatization is/are:______________ Show Answer

Q62) The benefits of privatization is/are as follows: ____________ Show Answer

Q63) The functions of privatization is/are as follows : ____________ Show Answer

Q64) The following factors are key drivers of globalization Show Answer

Q65) Liberalization does not includes:_____________ Show Answer

Q66) Which of the following is NOT included in liberalization? Show Answer

Q67) In which of the following ways proper understanding of various aspects of business environment helps the business?
Show Answer

Q68) Mission and Vision Statements are NOT commonly used to: _________
Show Answer

Q69) Competitor analysis involves:
Show Answer

Q70) Which of the following can be treated as characteristics of business organization? Show Answer

Q71) Every business undertaking is engaged in the production and / or distribution of _______in exchange of money. Show Answer

Q72) Business undertakings are always exposed to _______________ Show Answer

Q73) Sole proprietorship form is most suitable: ______ Show Answer

Q74) Which of the following is example of producers' co-operative society? Show Answer

Q75) Success of every business depends on adapting itself to environment within which it function. Show Answer