MCQ for CA Foundation ECONOMICS - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - Chapter 2 BUSINESS ENVIRONMENT

Sample Multiple Choice Questions (MCQ's) for CA Foundation - Paper 4 - Business Economics and Business and Commercial Knowledge - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - Chapter 2: BUSINESS ENVIRONMENT - For Practice relevant for Dec 22 and May/June 23 Examinations

Q:1 Which of the following exhibit characteristic of Business Environment?
(I) Environment is static
(II) Environment is dynamic
(lII) Environment is complex and multi-faceted
(IV) It has short term reach
Options

  1. Point I & IlI
  2. Point I, II & III
  3. Point lI & IV
  4. Point II & III

Answer: 4

Q:2 ___________ is the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business for the purpose of taking strategic decisions. 

  1. Forecasting
  2. Assessment
  3. Scanning
  4. None of the above

Answer: 3

Q:3 The businesses should continuously ________ and _________ to the environment if it is to service and prosper. 

  1. ldentify, appraise
  2. Monitor, adapt
  3. ldentify, monitor
  4. Monitor, appraise

Answer: 2

Q:4 Read the following three statements:
(i) The environment is constantly changing in nature
(ii) Various environmental constituents exist in isolation and do not interact with each other.
(iii) The environment has a far-reaching impact on organizations.
From the combinations given below select an alternative that represents statements that are true: 

  1. (i) and (ii).
  2. (ii) and (iii)
  3. (i) and (iii)
  4. (i),(ii) and (iii)

Answer: 3

Q:5 Which of the following is not part of internal environment of a business organisation? 

  1. Labor Unions
  2. Corporate Culture
  3. Customers
  4. Organisational Structure

Answer: 3

 

CA Foundation ECONOMICS - PART 2 - BUSINESS AND COMMERCIAL KNOWLEDGE - MCQ for Chapter 3 - Click Here

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