Business Environment Online MCQ Set 14

QN01. Factors that affect global human resource management are

  1. Economic Factor
  2. Societal factor
  3. Cultural Factor
  4. All the above
Answer

(D)All the above

QN02. For the society, religion has no influence on

  1. holidays
  2. language
  3. role of women
  4. marketing practices
Answer

(B)language

QN03. As per cultural dimensions of Hofstede, masculinity refers to

  1. Male- female ratio in the country
  2. Society dominated by male members
  3. Society characterized by aggressive and materialistic behaviour
  4. War- ridden societies
Answer

(C)Society characterized by aggressive and materialistic behaviour

QN04. Monetary policy relates to controlling

  1. money supply
  2. money supply and interest rate
  3. money supply, interest rate and exchange rate
  4. credit creation by banks
Answer

(C)money supply, interest rate and exchange rate

QN05. Which of the following could be effective in preventing a potential competitor from entering the market?

  1. High capital costs
  2. Differentiation
  3. Retaliation
  4. Low switching costs for buyers
Answer

(A)High capital costs

QN06. Which of the following is not a major reactive motif for initiating export?

  1. proximity to international customers/psychological distance
  2. Competitive pressures
  3. Foreign market opportunities/market information
  4. Unsolicited foreign orders
Answer

(C)Foreign market opportunities/market information

QN07. Which is the largest country within the EU by size of the population?

  1. Poland
  2. Germany
  3. United Kingdom
  4. France
Answer

(B)Germany

QN08. The economic System whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply is

  1. Market socialism
  2. Market capitalism
  3. Centrally- planned socialism
  4. Centrally- planned capitalism
Answer

(C)Centrally- planned socialism

QN09. Indirect regulations affecting international business does not include

  1. Export licensing
  2. Antiboycott regulations
  3. Anti trust laws
  4. Anti corruption laws
Answer

(A)Export licensing

QN10. The following statement relating to civil law is true

  1. The role of judges to interpret the law
  2. The role of judges to apply the law
  3. It is based on established practiced
  4. It is not applicable to criminal cases
Answer

(B)The role of judges to apply the law

QN11. Product liability law relate to

  1. Holding the manufacturer responsible for the damages caused to the genuine user of the product.
  2. Liability of the customer for illegitimate use of the product
  3. Liability of the seller for selling spurious goods
  4. Holding the manufacturer for advertising the false information
Answer

(A)Holding the manufacturer responsible for the damages caused to the genuine user of the product.

QN12. The following is not a feature of globalisation

  1. Similar strategies are adopted by a firm in all markets
  2. Only multinational firms engage in international business
  3. Convergence of ideas and culture
  4. Obliteration of national boundaries
Answer

(A)Similar strategies are adopted by a firm in all markets

QN13. Geographical indications specifies

  1. Place of origin of goods
  2. Special characteristics of the product associated with place of origin
  3. Place and special characters of the product
  4. Place or special characters of the product
Answer

(C)Place and special characters of the product

QN14. To assess the potential of international markets, organizations generally compare nations with respect to

  1. political regime
  2. demographics, GNP/capita and ‘consumer preferences’
  3. consumer preferences
  4. demographics, GNP/capita
Answer

(B)demographics, GNP/capita and ‘consumer preferences’

QN15. Income and population are two variables that can be used

  1. demographic segmentation
  2. Behavioural segmentation
  3. Lifestyle segmentation
  4. Psychographic segmentation
Answer

(A)demographic segmentation

QN16. In the PEST framework for environmental analysis what does the letter E stands for

  1. Ethical
  2. Ecological
  3. Educational
  4. Economic
Answer

(D)Economic

QN17. What does the term ‘third sector’ refer to?

  1. the high technology industries
  2. the service sector
  3. the voluntary sector
  4. small and medium sized enterprises (SMEs)
Answer

(C)the voluntary sector

QN18. The system of government in a nation is called the

  1. Political system
  2. Economic environment
  3. Political environment
  4. National policy
Answer

(C)Political environment

QN19. The protection against the new invention of a product or process for a defined period is

  1. patent
  2. trade mark
  3. copy right
  4. Technology
Answer

(A)patent

QN20. The total accumulated value of foreign- owned assets at a given period of time is

  1. flow of FDI
  2. stock of FDI
  3. inflow of FDI
  4. outflow of FDI
Answer

(B)stock of FDI

QN21. The agreement in which a firm not only sells intangible property to an entity but also insist on the strict rules as to how it does business is ______________.

  1. franchising
  2. licensing
  3. joint venture
  4. strategic alliances
Answer

(A)franchising

QN22. The origin of Common law is in ______________.

  1. America
  2. England
  3. Russia
  4. India
Answer

(A)America

QN23. The new economic policy has components ______________.

  1. Liberalization
  2. Privatization
  3. Globalization
  4. LPG
Answer

(B)Privatization

QN24. Macro environment consists of ______________.

  1. suppliers
  2. competitors
  3. marketing
  4. distributors
Answer

(B)competitors

QN25. What do you mean by DGTD?

  1. Director General of Trade and Development
  2. Director General of Total Development
  3. Director General of Technical Development
  4. Director General of Transport Development
Answer

(A)Director General of Trade and Development

QN26. An ethical stance is the extent to which ______________.

  1. An organisation meets the expectations of its stakeholders
  2. An organisation will exceed its minimum obligations to stakeholders and society at large
  3. An organisation meets regulatory requirements
  4. An organisation respects the dominant religious beliefs of the country in which it operates
Answer

(B)An organisation will exceed its minimum obligations to stakeholders and society at large

QN27. The value chain is composed of primary & support activities. Which answer below provides the correct components for primary activities?

  1. Service, human resource management, marketing & sales, operations and outbound logistics
  2. Marketing & Sales, Operations, Outbound Logistics and Service
  3. Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales
  4. Inbound Logistics, Operations, Outbound Logistics, Marketing & Sales and Service
Answer

(C)Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales

QN28. Which of the following is characteristic of the final stage of demographic transition?

  1. High death rates
  2. Rapid population growth
  3. Birth and death rates that are close to each other
  4. High birth rates
Answer

(C)Birth and death rates that are close to each other

QN29. A country in the stage of traditional society is characterized by.

  1. existence of traditional rule
  2. non- existence of industries
  3. predominance of agriculture
  4. complete absence of literacy
Answer

(C)predominance of agriculture

QN30. Business across several countries with some decentralization of management decision making to subsidiaries is

  1. Global business
  2. Multinational business
  3. Transnational business
  4. Multi-regional business
Answer

(B)Multinational business

QN31. Free international trade maximizes world output through

  1. Countries specializing in production of goods they are best suited for
  2. Reduction in taxes
  3. Increased factor income
  4. Encouraging competition
Answer

(A)Countries specializing in production of goods they are best suited for

QN32. No new investment in the host country is created in the case of

  1. Greenfield FDI
  2. Acquisition
  3. Horizontal FDI
  4. Vertical FDI
Answer

(B)Acquisition

QN33. Non- verbal communication

  1. includes written communication
  2. has no place in international business
  3. includes body language
  4. should be learnt by business managers to communicate with foreigners
Answer

(C)includes body language

QN34. Lower power distance countries are characterized by

  1. relationships based on equality and informality
  2. authority being accepted without question
  3. managers being paternalistic
  4. tall organizations structure
Answer

(A)relationships based on equality and informality

QN35. The income level of residents in a country is indicated by

  1. gross national income
  2. gross domestic product
  3. per capita gross national income
  4. per capita gross domestic product
Answer

(C)per capita gross national income

QN36. Which of the following statements in relation to the Five Forces framework is correct?

  1. The framework assists in developing a broad perspective on the environment within which an organisation is operating
  2. It is not appropriate in public sector management
  3. The framework is a means of identifying the forces which affect the level of competition in an industry or sector
  4. The framework identifies the major stakeholders of an organisation
Answer

(C)The framework is a means of identifying the forces which affect the level of competition in an industry or sector

QN37. Market segmentation aims to

  1. Identify the similarities and differences between groups of customers or users
  2. Identify the similarities between groups of customers or users
  3. Identify the differences between organisations and their competitors
  4. Identify the needs and wants of all customers or users
Answer

(A)Identify the similarities and differences between groups of customers or users

QN38. The following represent major reactive motives for initiating export

  1. ended sales of seasonal products
  2. competitive pressures
  3. overproduction/excess capacity and unsolicited foreign orders
  4. all of the above
Answer

(D)all of the above

QN39. Among the factors that affect the balance of trade figures are

  1. exchange rates, taxes, tariffs and trade measures
  2. the business cycle at home or abroad
  3. trade barriers and agreements
  4. non tariff barriers
Answer

(A)exchange rates, taxes, tariffs and trade measures

QN40. The legal system in India is based on

  1. Common law
  2. Civil law
  3. Theocratic law
  4. Hindu law
Answer

(D)Hindu law

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