1._______consist of economic conditions, economic policies, industrial policies and economic system.
(A) Business environment
(B) Economic Environment
(C) Natural Environment
(D) None of the above
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2. An analysis of the external environment enables a firm to identify
(A) Strengths and opportunities
(B) Strength and weakness
(C) Weakness and threats
(D) Opportunities and threats
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3. These are forces in the company’s immediate environment that affect the performance of the Co.
(A) Macro environment
(B) Micro environment
(C) Technological environment
(D) Natural environment
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4. In this type of economic system, the Government intervention will be absent.
(A) Free enterprise economy
(B) Socialist economy
(C) Mixed economy
(D) None of the above
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5._____is an economic system where the means of production are owned and managed by the State.
(A) Capitalism
(B) Socialism
(C) Mixed Economy
(D) Common economy
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6. _____is concerned with the obligation and duties of business to the society.
(A) Social responsibility
(B) Status
(C) Authority
(D) None of these
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7. Which one of the following cannot be included under the nature of relationship between business and Environment?
(A) Interdependence
(B) Dynamic
(C) Social change
(D) Fixed
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8. External Environment of Business is
(A) Physical
(B) Demographical
(C) Economic
(D) All of these
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9. The Economic environment of a business includes.
(A) Economic system
(B) Economic policies
(C) Economic conditions
(D) All of these
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10. Which of the following is not an essential feature of social environment?
(A) Competitiveness
(B) Respect for the individual
(C) Better quality of life
(D) Bailment
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