Business Environment and Strategy

1] Which of the following identifies the early signals of possible environment

changes?

A] Scanning

B] Monitoring

C] Forecasting

D] Assessing

2] Which of the following are not the dimensions of the business environment?

A] Economic & Social

B] Technological & Economic

C] Legal & Social

D] Increase competition

3] Which of the following is not a feature of Business environment?

A] Interrelated Elements

B] Dynamics

C] Complexity

D] Continuous

4] Identify the environment which can be defined as the environment concerned with
the entire social system?

A] General environment

B] Operating environment

C] Social environment
D] Political environment

5] Identify the analysis which helps to diagnose the competitive forces and to identify
the strength and weakness?

A] SWOT analysis

B] Competitive analysis

C] Structural analysis

D] Financial analysis

6] Which of the following are generally considered as controllable factors?

A] Internal factors

B] Cost of production

C] External factors

D] Competitors strategy

7] The environment that consists of demographic, economic, natural, technological,

politic and cultural collectively refer to which environment?

A] Macro

B] Micro

C] Business

D] Marketing

8] Identify which of the study of the human population in terms of size, density,
locations, gender, race, occupation and other statistics.

A] Psychographics
B] Demography

C] Environmentalism

D] Consumerism

9] Identify the reason why firms monitor their demographic environment.

A] To explain historical trends

B] To predict political change

C] To predict the size of market segments

D] To predict business cycles

10] Identify how will you measure Economic growth.

A] The CPI

B] The CBI

C] GDP

D] MPC

11] Which one of the following refers to the enterprise owned and managed jointly by
the Government and Private sector?

A] Joint sector

B] Joint venture

C] Public private participation

D] Private public participation

12] To solve the balance of payment crisis in 1991, how the Indian Rupee was taken
forward against foreign currencies?
A] Appreciated

B] Depreciated

C] Revalued

D] Devalued

13] The industrial license was abolished for most industries except which of the
following during the 1991 reforms?

A] Steel

B] Food processing

C] Liquor

D] Banking

14] A performance and credit rating scheme has been launched by the MSME
Ministry to assess creditworthiness and capabilities of industries in the sector. What
is it called?

A] Performance and Credit Rating Scheme

B] Zero Defect Zero Effect Certification

C] Performance and Economy Rating Scheme

D] Performance and Zero-Defect Certification

15] India on 13th Dec 2016 signed an agreement for MSME financing with which
bank?

A] IBRD

B] WB

C] ADB
D] IMF

16] What does ZED stand for in the context of MSMEs and certification in
manufacturing?

A] Zero Defect Zero Effect

B] Zero Effect Zero Defect

C] Zero Effectiveness Zero Defectiveness

D] Zero Delays Zero Effect

17] Identify the full Form of MSME?

A] Medium, Small and Micro Enterprises

B] Micro, Small and Medium Enterprises

C] Macro, Small and Medium Enterprises

D] Micro, State and Medium Enterprises

18] Banking sector falls under which of the following sectors?

A] Industrial sector

B] Service sector

C] Primary sector

D] Manufacturing sector

19] Which of the following system allocates saving efficiently in an economy to

ultimate users either for investment in real assets or for consumption?

A] Economic system

B] Banking system
C] Financial system

D] Market system

20] What is the feature of business ethics?

A] Based on moral and social values

B] Gives protection to social groups

C] Requires education and guidance

D] Based on the interest of the society

21] Identify the need for social responsibility.

A] For serving the interest of society

B] For getting moral understanding

C] For getting help in addressing legal, ethical and commercial issues well

D] Values of Business

22] Identify the process of analysing the environment for the identification of the
factors which impacts the business.

A] Environmental analysis

B] Environment scanning

C] Business analysis

D] Factor analysis

23] Strategic Management is the management of an organization’s resources to

achieve which of the following?

A] Financial needs
B] Goals and Objectives

C] Competitive Advantage

D] Market Share

24] Competitive advantage can be best described as which of the following?

A] Increased efficiency

B] What sets an organization apart

C] A strength and the Organizations

D] Intangible resources

25] Name a process of selling all of a company’s assets for their tangible worth.

A] Divestiture

B] Concentric Diversification

C] Liquidation

D] Unrelated integration

26. In BCG matrix, what is the label of the horizontal axis?

A] Relative Market share

B] Business Strength

C] Industry Growth Rate

D] Market Growth Rate

27. Strategic planning is also called as which of the following?

A] Tactical planning
B] Short term planning

C] Long term planning

D] Business policy

28. Strategic planning is formalization of planning where plans are made for what
time periods?

A] Indefinite

B] Medium

C] Short

D] Long

29. Which of the following means crafting a combination of strategies and picking
out the best one to achieve the organizational goals and objectives and thereby
reaching the vision of the organization?

A] Strategy implementation

B] Strategic analysis

C] Strategy formulation

D] Strategic management

30. Change in culture, attitude, and mindset calls for which of the following?

A] Engagement, involvement and motivation of employees

B] Rigorous performance appraisal

C] Performance benchmarking

D] Organization design change