Environment and Global Context of Business

What does the external environment of a business include?

• Factors within the organization's control

• Only economic and financial factors

• Factors beyond the organization's boundaries that impact its success or failure

• Only the internal policies and employee relations

Which of the following is NOT listed as a dimension of the external environment in the provided material?

• Economic environment

• Religious environment

• Technological environment

• Socio-cultural environment

What is identified as a dimension of the external environment that deals with global scale interactions?

• Business environment

• Global environment

• Political-legal environment

• Emerging challenges and opportunities

Which dimension of the external environment focuses on the legal and governmental influences?

• Economic environment

• Technological environment

• Political-legal environment

• Socio-cultural environment

What are the key goals of the economic environment as mentioned in the text?

• Stability, full employment, growth, and inflation control

• Stability, full employment, and growth

• Stability, full employment, growth, and environmental protection

• Stability, full employment, growth, and trade surplus

Which of the following is NOT listed as a measure of economic performance in the text?

• GDP

• GNP

• Productivity

• Inflation rate

What policies does the Canadian government use to manage economic effects according to the text?

• Fiscal and environmental policies

• Monetary and trade policies

• Fiscal and monetary policies

• Environmental and trade policies

What does the technological environment in business encompass?

• Only electronic devices

• Human knowledge, equipment, electronics, telecommunications, and processing systems

• Only telecommunications and processing systems

• Only human knowledge and equipment

What role does technology play in business activities according to the text?

• A minor role

• A crucial role

• No role

• An undefined role

What does the political-legal environment primarily reflect in the context of business?

• The cultural norms and values of a society

• The relationship between businesses and government, often through regulations that impact business operations

• The economic conditions that influence business activities

• The technological advancements in a business sector