Business Studies Test Ch3.

1 (15-05-2023)

Q1) Which of the following is an element of the political environment: (1)

a) Existing structure of the economy in terms of relative role of private and public sectors
b) Rise in disposable income of people due to increase in GDP of the country
c) Legislations passed by the government authorities
d) Attitude of the elected government representatives towards the business

Q2) As part of the regulations to be followed by advertisers, the advertisement for a new brand of baby food for infants provides
important information for potential buyers that it is “Not recommended for infants under the age of four months”. Which dimen-
sion of business environment is highlighted in the above statement? (1)
a) Social environment b) Legal environment c) Political environment d) Economic environment

Q3) The government of India has come up recently with the amendment to section 6 of the payment of wages act 1936, to allow
employees of certain industries to make payment through various electronic modes of payments. The amendment will be ap-
plicable to all the public sector undertakings for wages disbursement using e-payment options. This is another milestone in the
direction to further push to cashless economy using economy. Identify and explain with the quoted lines any three dimensions of
business environment which relate to the above mentioned case. (3)

Q4) How can customs and traditions, values, social trends and society’s expectations change the management practices in a
business enterprise? Explain with the help of an example. (2)