Ist SESSIONAL EXAMINATION (2023-24)

(BBA) – II SEM
Business Environment Time:- 40 Minutes

Note: ALL QUESTIONS ARE COMPULSORY. Marks:- 30 X 1 = 30

Q.1 Which among these is monopolistic trade practice?

a) Manufacturing only one product b) Selling only one product
C) Limiting technical Development d) Unreasonably limiting competition

Q.2 Why is understanding the business environment important for businesses?

a) It helps in maximizing profits b) It assists in reducing competition
c) It enables firms to anticipate and respond to changes d) It ensures regulatory compliance

Q.3 Which of the following is NOT considered an external factor of the business environment?
a) Economic conditions b) Technological advancements
c) Organizational structure d) Political stability

Q.4 The business environment is characterized by:

a) Stability and predictability b) Constant change and uncertainty
c) Uniformity across different industries d) Absence of competition

Q.5 Which of the following is an example of a macro-environmental factor?

a) Employee turnover rate b) Changes in government regulations
c) Company's marketing strategy d) Internal communication processes

Q.6 The business environment includes:

a) Only economic factors b) Only social factors
c) Both internal and external factors d) Only technological factors

Q.7 What does the term "dynamic nature of the business environment" imply?
a) The business environment remains unchanged over time b) The business environment is constantly evolving
c) The business environment is static and predictable d) The business environment is influenced only by
internal factors

Q.8 Significance of understanding the business environment includes:

a) Identifying opportunities and threats b) Minimizing competition
c) Maximizing shareholder wealth d) Increasing employee turnover

Q.9 The nature of the business environment can be described as:

a) Static and unchanging b) Independent of external influences
c) Multifaceted and dynamic d) Focused solely on economic factors

Q.10 Which of the following is NOT a component of the business environment?

a) Suppliers b) Competitors
c) Employees d) Company's mission statement

Q.11 Which of the following is considered an internal element of the business environment?
a) Economic conditions b) Technological advancements
c) Organizational culture d) Political stability

Q.12 External elements of the business environment include:

a) Company's resources and capabilities b) Government regulations
c) Organizational structure d) Employee morale

Q.13 Which of the following is an example of an internal factor influencing the business environment?
a) Changes in consumer preferences b) Supplier relationships
c) Exchange rate fluctuations d) Competitor actions

Q.14 External elements of the business environment are typically:

a) Within the control of the organization b) Unpredictable and uncontrollable
c) Directly managed by top-level management d) Not significant for business operations

Q.15 Internal elements of the business environment primarily involve:

a) Suppliers and distributors b) Employees and organizational culture
c) Economic conditions and market trends d) Government policies and regulations

Q.16 Which of the following is an example of an external factor affecting the business environment?
a) Company's mission and vision b) Employee training programs
c) Technological innovations d) Changes in consumer preferences

Q.17 Internal elements of the business environment are characterized by:

a) Their stability and predictability b) Being beyond the control of the organization
c) Rapid and constant changes d) Insignificant impact on business performance

Q.18 External elements of the business environment include factors such as:
a) Organizational structure b) Supplier relationships
c) Employee motivation d) Company's financial performance

Q.19 Which of the following is NOT considered an internal element of the business environment?
a) Organizational structure b) Market demand
c) Company's vision statement d) Competitor strategies

Q.20 External elements of the business environment:

a) Are always favorable for business growth b) Cannot be influenced by the organization
c) Include factors within the organization's control d) Are static and unchanging over time

Q.21 Which of the following is NOT a dimension of the changing business environment?
a) Economic factors b) Political factors
c) Social factors d) Static factors

Q.22 The dimension of technology in the business environment refers to:

a) How businesses interact with customers b) The impact of scientific advancements on business operations
c) Government policies affecting industries d) Cultural influences on business decisions

Q.23 Environmental concerns becoming a prominent dimension of the business environment imply:
a) Increased focus on sustainable practices by businesses
b) Reduction in government regulations related to environmental protection
c) Ignoring environmental impacts to maximize profits
d) Decline in consumer awareness regarding environmental issues

Q.24 Which dimension of the business environment relates to the demographic characteristics of the
population?
a) Economic b) Social
c) Political d) Technological

Q.25 Globalization as a dimension of the business environment refers to:

a) Increasing international trade and investment b) Isolationist policies adopted by countries
c) Limiting market access to foreign companies d) Decreasing cultural exchange between nation

Q.26 Regulatory changes as a dimension of the business environment involve:

a) Increased government intervention in the economy b) Stagnation of laws and regulations
c) Reduced compliance requirements for businesses d) Unaffected by political shifts

Q.27 Which dimension of the business environment refers to the stability and growth of the economy?
a) Social b) Technological
c) Economic d) Environmental

Q.28 Changing consumer preferences as a dimension of the business environment:

a) Have no impact on business strategies b) Require businesses to adapt their products and services
c) Remain constant over time d) Are primarily influenced by government policies

Q.29 Political instability as a dimension of the business environment refers to:

a) Consistent government policies b) Frequent changes in government leadership and policies
c) Strong political alliances d) Absence of legal frameworks

Q.30 Which dimension of the business environment includes factors such as income distribution and lifestyle
changes?
a) Technological b) Social
c) Economic d) Political