Business Environment

321. The cultural web is a ______________.

  1. Representation of the taken-for-granted assumptions, or paradigm, of an organisation and the physical manifestations of the organisation culture
  2. Representation of the taken-for-granted assumptions, or paradigm, of an organisation and its competitors
  3. Representation of the power in an organisation
  4. Representation of the politics in an organisation
Correct answer: (A)
Representation of the taken-for-granted assumptions, or paradigm, of an organisation and the physical manifestations of the organisation culture

322. Which countries has been reluctant to agree to reduction in Greenhouse gas emission?

  1. Russia
  2. Great Britain
  3. France
  4. China
Correct answer: (B)
Great Britain

323. The trend seen in the economic systems of the countries is that.

  1. command economies are moving towards mixed economies
  2. mixed economies are moving towards command economies
  3. mixed economies are moving towards market economies
  4. market economies are moving towards command economies
Correct answer: (C)
mixed economies are moving towards market economies

324. In which of the following basic categories can business environment be

  1. Local and Regional
  2. Regional and National
  3. Internal and External
  4. Financial and Non financial
Correct answer: (C)
Internal and External

325. By entering into international business, a firm expects improvement in

  1. Marketing
  2. All spheres of marketing, operation and finance simultaneously
  3. Any or all spheres of marketing, operation and finance
  4. Finance only
Correct answer: (C)
Any or all spheres of marketing, operation and finance

326. The essential feature of FDI is

  1. Investment of a very high value
  2. Investment in shares
  3. Investors influence on the management of the enterprise
  4. Investment of low value
Correct answer: (C)
Investors influence on the management of the enterprise

327. The following is not a component of culture

  1. Attitudes
  2. Beliefs
  3. Education
  4. Life expectancy
Correct answer: (D)
Life expectancy

328. The role of women is restricted in

  1. Eastern countries
  2. Middle East countries
  3. Traditional Islamic countries
  4. India
Correct answer: (C)
Traditional Islamic countries

329. The stage indicating highest level of economic growth is

  1. age of mass consumption
  2. age of mass production
  3. maturity
  4. drive to maturity
Correct answer: (A)
age of mass consumption

330. In the Five Forces framework, threat of entrants means

  1. The possibility of an existing competitor capturing the entire market
  2. The possibility of an existing competitor withdrawing from the market
  3. The possibility of a new competitor entering the market
  4. The possibility of a potential competitor entering a different market
Correct answer: (C)
The possibility of a new competitor entering the market
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