Business Environment Quiz

What are the two broad categories of the business environment?

• Internal and External

• Micro and Macro

• Legal and Political

• Social and Economic

What is the macro environment?

• The specific outside stakeholders with whom the business interacts

• The broad conditions and trends in the economy and society

• The internal factors over which the business has control

• The management style and corporate culture

What is the role of management in balancing stakeholder interests?

• To ignore external pressures

• To focus solely on internal factors

• To balance the interests of all stakeholders in decision-making and planning

• To prioritize legal and political factors

What is the operating environment sometimes called?

• The task environment

• The macro environment

• The internal environment

• The legal environment

Which of the following is NOT part of the external environment?

• Technological factors

• Management style

• Political factors

• Social factors

Which of the following is part of the internal environment?

• Global issues

• Competitors

• Employees and managers

• Economic conditions

Which environment includes 'Corporate social responsibility'?

• Internal environment

• Operating environment

• Macro environment

• Business support services

What is the significance of 'Business support services' in the internal environment?

• They provide external regulations.

• They offer necessary support for business operations.

• They influence global market trends.

• They determine economic conditions.

Which group attempts to influence a business to adopt particular policies?

• Suppliers

• Competitors

• Special interest groups

• Customers

Which of the following is NOT a stakeholder in the operating environment?

• Suppliers

• Competitors

• Legal business structure

• Customers