BUSI 101_Week 2_Business Environment Quiz

What influences all businesses regardless of their size, location, or mission?

• Internal policies

• External environment

• Employee satisfaction

• Product quality

What does the external environment comprise?

• Internal factors within an organization

• Factors beyond an organization's boundaries

• Employee performance metrics

• Customer feedback

How can the external environment impact an organization?

• It can only affect the organization's internal policies.

• It can significantly impact the organization's success or failure.

• It has no impact on the organization's operations.

• It only affects the organization's marketing strategies.

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

• Economic environment

• Technological environment

• Political-legal environment

• Internal environment

Which dimension of the external environment deals with laws and regulations?

• Economic environment

• Technological environment

• Political-legal environment

• Socio-cultural environment

Which dimension of the external environment focuses on cultural and social factors?

• Economic environment

• Technological environment

• Political-legal environment

• Socio-cultural environment

Which dimension of the external environment involves advancements in technology?

• Economic environment

• Technological environment

• Political-legal environment

• Business environment

Which of the following is NOT a key goal of the economic environment?

• Stability

• Full employment

• Growth

• Innovation

Which of the following is a measure of economic performance?

• GDP

• Social welfare

• Political stability

• Environmental sustainability

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

• Social and environmental policies

• Fiscal and monetary policies

• Political and social policies

• Environmental and fiscal policies