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

A. non-convertible

B. convertible

C. semi-convertible

D. All of these

A. (i), (iii), (iv) and (v)

B. (i), (ii), (iv) and (v)

C. (ii) and (v)

D. (i), (iii) and (iv)

A. Financial institutions are main elements of internal business environment

B. Economic system affects economic environment of business

C. If illegal buying and selling of goods does not comes under business

D. Legal environment of business is the part of political environment

A. work and reason

B. ractor and analog

C. analog and factor

D. None of these

A. Product, Economy, Society, Technology

B. Political, Economic, Societal, Technological

C. Political, Economic, Social, Technological

D. People, Economy, Standards, Transport

A. The licensee agrees to construct an entire plant in his home county and hands over the key

B. The licensor starts the operation and hands over the key of the operating plant to the licensee

C. The licensor starts the operation and then invites the licensee and hands over the key to complete the remaining work

D. The licensor and the licensee jointly carry out the project and agree to share profit equally

A. Socialistic economic system

B. Capitalistic economic system

C. Mixed economic system

D. Communist economic system

A. (R) does explain (A)

B. Both (A) and (R) are correct

C. Both (A) and (R) are not correct

D. (A) is correct, but (R) is not correct

A. Both (i) and (ii)

B. Only (i)

C. Both (ii) and (iii)

D. (i), (ii) and (iii)

A. Values, rights and duties

B. Attitudes, pressure and environment

C. Value, environment and attitude

D. Responsibilities