Business Environment

1. Micro environment consist of ______________.

  1. suppliers
  2. competitors
  3. political
  4. cultural
Correct answer: (A)
suppliers

2. What are the main objectives of Five year plan?

  1. achieve full employment
  2. reduce inequalities of income and wealth
  3. setup a socialist society based on equality
  4. balanced economy
Correct answer: (D)
balanced economy

3. A country with high uncertainty avoidance will witness

  1. lower level of stress among people
  2. decision taken as a result of group consensus
  3. less dependence on rules and regulations
  4. 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.

  1. Macro, Corporate, Individual
  2. Corporate, Business, Functional
  3. Corporate, Functional, Individual
  4. Business, Family, Individual
Correct answer: (A)
Macro, Corporate, Individual

5. The culture of an organisation can be conceived as consisting of layers.

  1. Values; beliefs; behaviours; and taken-for-granted assumptions
  2. Values; beliefs; tasks, objectives
  3. Beliefs; tasks; personalities
  4. 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?

  1. Kyoto protocol
  2. UNEP
  3. framework convention on climate change
  4. UNCLOS III Montreal Protocol
Correct answer: (B)
UNEP

7. The rate of increase in the air pollution is, ______________.

  1. 4 per cent
  2. 5 per cent
  3. 6 per cent
  4. 7 per cent
Correct answer: (A)
4 per cent

8. International business does not result in the following

  1. Innovation is encouraged
  2. International cooperation is encouraged
  3. Imports are rendered cheap
  4. Consumption is minimized
Correct answer: (D)
Consumption is minimized

9. Wholly owned subsidiary can be set up

  1. as a Greenfield venture
  2. to acquire an existing firm
  3. to have products marketed overseas
  4. to have management is overseas
Correct answer: (A)
as a Greenfield venture

10. The following statement with respect to culture is false

  1. Culture is enduring
  2. Culture is changing
  3. Culture is evolved among the members of a society
  4. Culture is determined by national boundaries
Correct answer: (D)
Culture is determined by national boundaries
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