Business Environment And International Business - Study Mode

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[#181] Which of the following statement is not true?

(A) Mapping of business includes its localisation, results and progress

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

(C) Natural resources of a business affects it internally

(D) External environment does not affects a business

(E) Financial institutions are main elements of internal business environment

(F) Economic system affects economic environment of business

(G) If illegal buying and selling of goods does not comes under business

(H) Legal environment of business is the part of political environment

Correct Answer

(D) External environment does not affects a business
(E) Financial institutions are main elements of internal business environment

[#182] Which of the following general principle is not followed by corporation while practicing CSR?

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

(B) Companies should support the inclusion of the principles of United Nations Global Compact

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

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

Correct Answer

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

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

(A) Goals

(B) Mission

(C) Objective

(D) Success

Correct Answer

(B) Mission

[#184] Which of the following statement is incorrect?

Correct Answer

(A) Franchising is a part of licensing
(G) FDI does not create capital in the domestic country
(I) Economic system is not the feature of mixed economy

[#185] . . . . . . . . are a feature of the micro environment of an organisation.

(A) Legal factors

(B) Economic factors

(C) Social factors

(D) Customers

Correct Answer

(D) Customers