Business Environment

261. The agreement in which a firm not only sells intangible property to an entity but also insist on the strict rules as to how it does business is ______________.

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

262. The origin of Common law is in ______________.

  1. America
  2. England
  3. Russia
  4. India
Correct answer: (A)
America

263. The new economic policy has components ______________.

  1. Liberalization
  2. Privatization
  3. Globalization
  4. LPG
Correct answer: (B)
Privatization

264. Macro environment consists of ______________.

  1. suppliers
  2. competitors
  3. marketing
  4. distributors
Correct answer: (B)
competitors

265. What do you mean by DGTD?

  1. Director General of Trade and Development
  2. Director General of Total Development
  3. Director General of Technical Development
  4. Director General of Transport Development
Correct answer: (A)
Director General of Trade and Development

266. An ethical stance is the extent to which ______________.

  1. An organisation meets the expectations of its stakeholders
  2. An organisation will exceed its minimum obligations to stakeholders and society at large
  3. An organisation meets regulatory requirements
  4. An organisation respects the dominant religious beliefs of the country in which it operates
Correct answer: (B)
An organisation will exceed its minimum obligations to stakeholders and society at large

267. The value chain is composed of primary & support activities. Which answer below provides the correct components for primary activities?

  1. Service, human resource management, marketing & sales, operations and outbound logistics
  2. Marketing & Sales, Operations, Outbound Logistics and Service
  3. Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales
  4. Inbound Logistics, Operations, Outbound Logistics, Marketing & Sales and Service
Correct answer: (C)
Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales

268. Which of the following is characteristic of the final stage of demographic transition?

  1. High death rates
  2. Rapid population growth
  3. Birth and death rates that are close to each other
  4. High birth rates
Correct answer: (C)
Birth and death rates that are close to each other

269. A country in the stage of traditional society is characterized by.

  1. existence of traditional rule
  2. non- existence of industries
  3. predominance of agriculture
  4. complete absence of literacy
Correct answer: (C)
predominance of agriculture

270. Business across several countries with some decentralization of management decision making to subsidiaries is

  1. Global business
  2. Multinational business
  3. Transnational business
  4. Multi-regional business
Correct answer: (B)
Multinational business
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