Business Environment

71. ______________ is a statement which derives the role that an organization plays in a society.

  1. Goals.
  2. Mission.
  3. Objective.
  4. Success.
Correct answer: (B)
Mission.

72. ______________ stresses the philosophy of individualism believing in private ownership of all agents of production.

  1. Socialism.
  2. Communism.
  3. Capitalism.
  4. Nanoism.
Correct answer: (A)
Socialism.

73. What is the main occupation of Kshatriyas?

  1. Engaged in cleaning.
  2. Engaged in trade.
  3. Engaged in army work.
  4. Engaged in ruling.
Correct answer: (D)
Engaged in ruling.

74. Reserve Bank of India introduced certificates of deposit in ______________.

  1. 1964.
  2. 1989.
  3. 1986.
  4. 1990.
Correct answer: (B)
1989.

75. Ackerman s model is _______________ model.

  1. social responsibility.
  2. computer.
  3. employee.
  4. science.
Correct answer: (A)
social responsibility.

76. Obsolescence means ________________ of products.

  1. implementation.
  2. outdated.
  3. assessment.
  4. none of the above.
Correct answer: (B)
outdated.

77. The _______________ diversification refers to the process of adding new, but related products or serices.

  1. concentric.
  2. judiciary.
  3. justice.
  4. culture.
Correct answer: (A)
concentric.

78. ______________ is a primary mechanism for motivating business activities.

  1. Social relationship.
  2. Profit.
  3. . Customers.
  4. . Assets.
Correct answer: (B)
Profit.

79. The ________________ is that part of the enacted environment which the organisation carves out for itself.

  1. Technology.
  2. Machine.
  3. domain.
  4. man.
Correct answer: (C)
domain.

80. Competition is beneficial to the competing firms besides benefiting the ______________.

  1. producers.
  2. intermediaries.
  3. finances.
  4. consumers.
Correct answer: (D)
consumers.
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