Business Environment

341. The political power monopolized by a party that governs according to religious principles is

  1. Communist totalitarianism
  2. Theocratic totalitarianism
  3. Secular totalitarianism
  4. Tribal totalitarianism
Correct answer: (B)
Theocratic totalitarianism

342. The Paris Convention for the Protection of Industry Property was dated

  1. 1783
  2. 1883
  3. 1983
  4. 2003
Correct answer: (A)
1783

343. An agreement whereby a person grants the other the rights to intangible property for a specified period for a return of royalty is ______________.

  1. franchising
  2. licensing
  3. joint venture
  4. strategic alliances
Correct answer: (B)
licensing

344. The law system practices in Japan is ______________.

  1. Common law
  2. Code law
  3. Civil law
  4. Religious law
Correct answer: (B)
Code law

345. Which law emphasized the importance of continuous development and expansion of export oriented production?

  1. Export Policy Resolution, 1970
  2. MRTP
  3. IRDA
  4. The Companies Act
Correct answer: (A)
Export Policy Resolution, 1970

346. Competitors, Customers and Public are the part of ______________.

  1. macro environment
  2. micro environment
  3. business necessities
  4. internal environment
Correct answer: (B)
micro environment

347. Environment is synonym with ______________.

  1. task
  2. relation
  3. people
  4. situational variables
Correct answer: (D)
situational variables

348. Corporate Social Responsibilty concerns ______________.

  1. how an organisation meets the expectations of its stakeholders
  2. the behaviour of individual managers
  3. external stakeholder relationships
  4. the ways in which an organisation exceeds its minimum required obligations to stakeholders
Correct answer: (D)
the ways in which an organisation exceeds its minimum required obligations to stakeholders

349. Which types of organizational knowledge is a source of competitive advantage?

  1. Explicit knowledge which is classified and formalized in a planned and systematic way
  2. Personal knowledge which is hard to communicate and formalize
  3. Customer databases, market research reports, management reports
  4. Collective and shared experience accumulated through systems, routines and activities of sharing across the organization
Correct answer: (D)
Collective and shared experience accumulated through systems, routines and activities of sharing across the organization

350. Air and water pollution are typically ______________.

  1. Regional
  2. Multilateral
  3. Economic
  4. Gobal
Correct answer: (D)
Gobal
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