Business Environment and International Business MCQ Questions and Solutions with Explanations

Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

Business Environment and International Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business Environment and International Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-3 section-7

The macro environment consists of

A) Economic, political and legal B) Consumer and competitors C) Public D) Intermediaries

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Answer & Solution

Answer: Option C

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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

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Answer & Solution

Answer: Option D

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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

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Answer & Solution

Answer: Option A

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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

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Answer & Solution

Answer: Option B

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Which of the following statement is incorrect?

A) Franchising is a part of licensing B) Licensing is a mode of entry into international business C) Both A and B D) None of the above

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Answer & Solution

Answer: Option A

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

A) Legal factors B) Economic factors C) Social factors D) Customers

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Answer & Solution

Answer: Option D

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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?

A) 1 alone is correct B) 1 and 2 are correct C) 1 and 2 and 3 are correct D) 2 and 3 are correct

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Answer & Solution

Answer: Option A

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

A) Curbing competition among private sectors B) Establishing predominant role of public sector C) To deal with the balance of payment crisis in India D) All of the above

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Answer & Solution

Answer: Option C

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Reason of decline of monetary policy is

A) wide non-monetary region B) flow of black money C) measuring credit money D) All of the above

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Answer & Solution

Answer: Option B

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

A) Local and regional B) Regional and national C) Internal and external D) Financial and non-financial

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Answer & Solution

Answer: Option C

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