Business Environment and International Business MCQs

Question 1

Which of the following statement is not true?

Accepted Answer

External environment does not affects a business

Answer

Mapping of business includes its localisation, results and progress

Answer

Strategies of competitor, knowledge and financial problems are faced in a business

Answer

Natural resources of a business affects it internally

Question 2

Which of the following general principle is not followed by corporation while practicing CSR?

Accepted Answer

Managers are not responsible to follow and encourage ethical business practices among employees

Answer

Companies should support the inclusion of the principles of United Nations Global Compact

Answer

Companies should encourage and facilitate communication and dialogue with its shareholders, investors, employees, customers and suppliers

Answer

Companies should indulge in free market practices rejecting any illegal practices and implement effective mechanism

Question 3

Which of the following depicts the statement which derives the role that an organization plays in a society?

Accepted Answer

Mission

Answer

Goals

Answer

Objective

Answer

Success

Question 4

Which of the following statement is incorrect?

Accepted Answer

Franchising is a part of licensing

Answer

Licensing is a mode of entry into international business

Answer

Both A and B

Answer

None of the above

Question 5

. . . . . . . . are a feature of the micro environment of an organisation.

Accepted Answer

Customers

Answer

Legal factors

Answer

Economic factors

Answer

Social factors

Question 6

The equivalence between the effects of a tariff and a quota which limits imports by the same amount depends on the assumption that (1) There are comparative conditions prevailing abroad (2) There is perfect competitive among quota holders (3) There is free competition within the domestic import competing industry Which of the above statements is correct?

Accepted Answer

1 alone is correct

Answer

1 and 2 are correct

Answer

1 and 2 and 3 are correct

Answer

2 and 3 are correct

Question 7

For which one of the basic reasons, the "Structural Adjustment Programme" was undertaken in India in 1991?

Accepted Answer

To deal with the balance of payment crisis in India

Answer

Curbing competition among private sectors

Answer

Establishing predominant role of public sector

Answer

All of the above

Question 8

Reason of decline of monetary policy is

Accepted Answer

flow of black money

Answer

wide non-monetary region

Answer

measuring credit money

Answer

All of the above

Question 9

All business organizations are affected by a number of factors. Which of the following depicts two such broad categories of factors?

Accepted Answer

Internal and external

Answer

Local and regional

Answer

Regional and national

Answer

Financial and non-financial