Business Environment
1. Micro environment consist of ______________.
- suppliers
- competitors
- political
- cultural
Correct answer: (A)
suppliers
2. What are the main objectives of Five year plan?
- achieve full employment
- reduce inequalities of income and wealth
- setup a socialist society based on equality
- balanced economy
Correct answer: (D)
balanced economy
3. A country with high uncertainty avoidance will witness
- lower level of stress among people
- decision taken as a result of group consensus
- less dependence on rules and regulations
- people are serene
Correct answer: (B)
decision taken as a result of group consensus
4. Ethical issues concerning business and public sector organisations exist at three levels.
- Macro, Corporate, Individual
- Corporate, Business, Functional
- Corporate, Functional, Individual
- Business, Family, Individual
Correct answer: (A)
Macro, Corporate, Individual
5. The culture of an organisation can be conceived as consisting of layers.
- Values; beliefs; behaviours; and taken-for-granted assumptions
- Values; beliefs; tasks, objectives
- Beliefs; tasks; personalities
- Individual; functional; organisational
Correct answer: (A)
Values; beliefs; behaviours; and taken-for-granted assumptions
6. What 1997 treaty adopted a complex formula for greenhouse emissions to 1990 levels in the global north?
- Kyoto protocol
- UNEP
- framework convention on climate change
- UNCLOS III Montreal Protocol
Correct answer: (B)
UNEP
7. The rate of increase in the air pollution is, ______________.
- 4 per cent
- 5 per cent
- 6 per cent
- 7 per cent
Correct answer: (A)
4 per cent
8. International business does not result in the following
- Innovation is encouraged
- International cooperation is encouraged
- Imports are rendered cheap
- Consumption is minimized
Correct answer: (D)
Consumption is minimized
9. Wholly owned subsidiary can be set up
- as a Greenfield venture
- to acquire an existing firm
- to have products marketed overseas
- to have management is overseas
Correct answer: (A)
as a Greenfield venture
10. The following statement with respect to culture is false
- Culture is enduring
- Culture is changing
- Culture is evolved among the members of a society
- Culture is determined by national boundaries
Correct answer: (D)
Culture is determined by national boundaries