Business Environment Factors Quiz

Business Environment Factors Quiz

8th Grade

33 Qs

quiz-placeholder

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Business Environment Factors Quiz

Business Environment Factors Quiz

Assessment

Quiz

Business

8th Grade

Practice Problem

Hard

Created by

Danielle O'Neill

Used 2+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a political factor that can affect businesses?

Change in consumer preferences

Change in laws

Change in technology

Change in climate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a change in government impact businesses?

By altering the weather

By changing the company's logo

By influencing business regulations

By modifying product designs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way that changes in taxation rates can affect businesses?

By increasing the number of employees

By altering the company's mission statement

By affecting the company's financial performance

By changing the company's name

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can changes in law affect a business?

They can decrease the costs of the business.

They can increase the costs of the business.

They have no effect on the business.

They always benefit the business.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might an increase in taxation mean for customers?

Customers have more money to spend.

Customers have less money to spend.

Customers are unaffected.

Customers receive a tax refund.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might a firm do if corporation tax is increased?

Lower prices

Increase prices

Hire more employees

Reduce production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an economic factor that can affect businesses?

Changes in weather patterns

Changes in interest rates

Changes in fashion trends

Changes in technology

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