CA/CMA Foundation : Business Environment Quizzes

CA/CMA Business

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Ch 2 Business Environment Quiz 1

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Organizations depend upon which environment for Input:

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What is the single word that can best describe today’s business?

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A business is created to provide:

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Which of the following are not characteristics of business environment:

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What is not a characteristic of business environment?

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In order to Survive and proposer a business:

I. Must Continuously monitor
II. Must adapt itself to the environment
III. Must Concentrate on its weakness only
IV. Must Concentrate on its Strength only.

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As per Traditional authors, the integral elements of business environment include:

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The integral elements of business environment include.

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Which one of following is not true about Business Environment?

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Read the following three statements:
(i) The environment is constantly changing in nature.
(ii) Various environmental constituents exist in isolation and do not interact with each other.
(iii) The environment has a far reaching impact on organizations.
From the combinations given below select an alternative that represents statements that are true:

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Which one of the following is not true about business ?

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As per Charles Darwin, who sur-vives?

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In order to survive over the long term, a company must have the:

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Which one of the following is not an advantage of Business Environment to the business?

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The interaction between Business and Environment brings out:

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In relation to solving the problem of shortage of Electricity, “CPP” means:

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The interaction between Business and its Environment, helps the business in:

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There is a _________ interaction between Business and Business Environment.

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An organisation like Aditya Birla Group has moved from textile to cement, to retail and to financial services as well as telecom due to changing circumstances. This example is related with _________ feature of Business Environment.

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Now-a-days, the film industry generates revenue from ring tones/caller tunes rather than sale of music C.D. It exhibits _________ feature of business environment.

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It is easy to understand the business environment in parts but difficult to grasp in totality. Therefore, Business Environment is _________.

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Which is not a feature of business environment?

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Ch 2 Business Environment Quiz 2

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Relationship between organisation and environment can be described through:

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The methods like bargaining, Contracting, Co-opting, creating joint ventures, etc. are related with _________ response of organisation to its environment.

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The formation or clarification of the organization’s mission; the development of objectives, polices and budgets, etc. are the examples of _________ response of organisation to environment:

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Which one of the following is organization’s response to its Environment?

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Which one of the following Statement is incorrect?

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In the relationship between organizations and its environment, there is exchange of:

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In relation to resources, “5M” represents:

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Which one of the following Companies is affected by FMCG Company ‘Patanjali’ endorsed by Baba Ramdev?

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Which one of the following is not true about External Environment?

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The nature of relationship between the organization and the Environment depends upon:
I. Size of organisation
II. Age of organisation
III. Nature of Business
IV. Nature of ownership
V. Degree of Professionalization of management.

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Which one of the following is the major areas as regards interaction of organisation and its environment?

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Business functions as a part of broader environment. Business converts resources through various processes. This exchange process may bring _________.

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Different organizations use different inputs & produce different outputs. The input-output exchange activity is.

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Which of the following is/are in-cluded in man-made structures within an environment?

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Apart from the natural environ-ment, environment of humans include:

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A Successful business has to _________ the various opportunities and threats in its environment.

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Which one of the following statement is incorrect?

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In relation to a popular cold drink “Pepsi”, which one of the following is not internal factor?

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Which of the following statement is incorrect as regards organization’s response to its environment?

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In order to sustain competitive advantage, organizations must achieve an external position vis-a-vis their competitors or perform internally in ways that is/are:

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In order to respond appropriately, the organizations must:

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In an attempt to identify a frame-work for understanding the environ-ment of organizations, various steps are required.

I. Explicit Consideration of immediate environment
II. To Check the nature (Static/ Simple/Complex)
III. Auditing of environmental influ-ences.
The Sequential steps are

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Ch 2 Business Environment Quiz 3

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Environmental Scanning must identify.

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_________ is the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business for the purpose of taking strategic decisions.

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Analyzing process of change in the business environment involves conceptualizing its as:

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Select the correct statement out of the following:

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Which of the following signifies the utility of Environmental analysis?

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When the company does not react to the demands of the environment by changing its Strategy, the result is :

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Which of the following is not the basic goal of environmental Analysis?

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Business Environment analysis help in:

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Environmental Analysis helps in:

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A threat is _________.

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Which of the following is a part of process of Environmental Scanning?

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Perceiving the needs of the external environment and catering to them, satisfying the expectations and demands of the clientele groups is:

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Which one of the following is not a factor which need to be considered for environmental scanning?

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The businesses should continu-ously _________ and _________ to the environment if it is to service and prosper.

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The demands made by interested groups in the light of their concern for issues that arise in response to events and trends is called as _________.

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_________ are the general tendencies or the causes of action along which events take place.

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Trends relate to:

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_________ is important and specific occurrence taking place in different environmental sectors.

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In environmental scanning, the factor _________ represents certain happening in the internal or external organizational environment which can be observed and tracked.

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Internal Environment includes _________.

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Opportunity is _________.

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SWOT stands for;

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Ch 2 Business Environment Quiz 4

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The emergence of strong new competitors who are likely to offer stiff competition to the existing Companies in an industry is an example of :

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The growing demand for the products or services, that a company provides, may be regarded as:

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The Micro and Macro environment are the major types of :

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The interval environment of business organisation is composed of multiple elements existing within the organisation. It includes:

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The Micro Environment of external Environment includes:

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Which one of the following is not a part of interval Environment?

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Through SWOT analysis:

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All are elements of micro environment except:

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Cost structure of an industry is effected by _________ own bargaining power.

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_________ have a vested interest in the well-being of the company.

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According to _________, the aim of the business is to create and retain customer.

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An organization should use it’s _________ to minimize impact of _________.

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The opportunities and threats operate in _________ environment.

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An understanding of the external and internal environment is crucial for the _________ of any organisation.

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A _________ is inherent capacity which an organisation can use to gain strategic advantage over it’s competitors.

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Process of strategy formulation starts with:

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A Company is having superior re-search and development skills which can be used for new product develop-ment so that the Company gains com-petitive advantage. It is an example of:

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_________ exert a considerable influence on the business organizations. They are the ones who act as a bridge between the manufacture and the marketer.

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The price sensitivity of the market is an important factor of which element of Micro environment:

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The market is larger than customers. The market is to be studied in terms of.

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Competition is beneficial to the competing firms besides benefiting the?

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Competition brings direct benefit to _________.

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Ch 2 Business Environment Quiz 5

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_________ with their own bargaining power affect the cost structure of the industry.

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The non-specific elements of the organisations surroundings that may affect its activities are;

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_________ is also known as the task environment and affects business and marketing in the daily operating level.

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Environment which is close to business and affect its capacity to work is known as _________ environment.

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The performance of business in the private sector is measured by:

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Which of the following is not a factor of Demographic Environment?

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Business and technology are:

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Which of the following statement is not a factor influencing sociocultural environment:

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Demographic environment re-lates to:

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_________ of the government covers all those principles, polices, rules, regulations and procedures, which direct and control the industrial enterprises of the country and shape the pattern of industrial development.

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Which of the following factor af-fects the economic environment?

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Which of the following is not a part of the economic environment?

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Macro Environment includes _________.

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All are elements of macro environ-ment except:

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Who has given the preposition, “we have met the enemy and he is us”?

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Which one of the following Statement is incorrect?

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Which of the following is a factor of Demographic Environment?

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Study of human population is called as _________ environment.

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The Central Government has introduced new GST law which has influenced most of the business. It is related with which of the following elements of Macro environment?

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The _________ environment refers to the nature and direction of the economy in which a company competes or may compete.

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The important elements in polit-ical-legal environment are:

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The Fiscal Policy includes government policy in respect of :

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Ch 2 Business Environment Quiz 6

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The term PESTLE analysis is used to describe a framework for analyzing:

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The two E’s in PESTLE stands for:

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In the PEST framework for en-vironmental analysis what does the letter E stand for?

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The following statement relates to which strategic response approach to the environment:
They seek to monitor the changes in that environment, analyse their impact on their own goals and activities and translate their assessment in terms of specific strategies for survival, stability and strength.

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Strategically, the businesses show make efforts to :

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All of the following are the elements of Political factor except.

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Environmental factors in PES-TLE Matrix include:

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In PESTLE Analysis, _________ factors are how and to what extent the government intervenes in the economy and the activities of business firms.

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In PESTLE Matrix, which of the following is not a part of Social Factor?

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_________ describe a framework for analysis of macro environmental factor.

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Which environmental factors regulate the values and beliefs, tradi-tions and customs of society?

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PESTLE analysis does not include _________.

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Which of the following factor is not included in Traditional model “PEST” available for environmental monitoring?

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response not merely recognise and ward off threats but also covert threat into opportunities:

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Which of the following is not true as regards dynamic response?

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The “Least Assistance approach” of Strategic response to the environ-ment has been followed by the Com-pany:

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In response to the changes in the environment organizations in general should:

18 / 23

The strategic approach to the environment followed by “Airtel” may be regarded as:

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What is the kind of response that businesses should make efforts to exploit the opportunity and thought the threats:

20 / 23

_________ is the highest level response of business where they try to convert threats into opportunities.

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Which of the following ap-proaches of strategic response to the environment is related with controlling the external environment?

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Which of the following is not a characteristic least resistance strategic response:

23 / 23

Which of the following is not a FMCG Company:

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