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Quiz on Influences in the Business Environment, created by michellebasson on 25/04/2014.

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Influences in the Business Environment

Question 1 of 9

1

The Business environment refers to the every changing surrounding conditions in which the business operates

Select one of the following:

  • True
  • False

Explanation

Question 2 of 9

1

Which of these are EXTERNAL factors?

Select one or more of the following:

  • government policy

  • technology

  • economic conditions

  • social attitudes

  • products

  • location

  • resources

  • management

Explanation

Question 3 of 9

1

which of these are INTERNAL factors?

Select one or more of the following:

  • products

  • location

  • resources

  • management

  • government policy

  • technology

  • economic

  • social attitudes

Explanation

Question 4 of 9

1

A business has lots of control over an internal factor

Select one of the following:

  • True
  • False

Explanation

Question 5 of 9

1

A business has a small amount of control over external factors

Select one of the following:

  • True
  • False

Explanation

Question 6 of 9

1

During a RECESSION, consumers become less wary of their spending

Select one of the following:

  • True
  • False

Explanation

Question 7 of 9

1

During a BUST period unemployment levels rise

Select one of the following:

  • True
  • False

Explanation

Question 8 of 9

1

What are some key things that happen during a BOOM period in a business?

Select one or more of the following:

  • Increased profits

  • employment levels rise

  • increased economic growth

  • unemployment levels are at a high

  • production of products will be at a low

Explanation

Question 9 of 9

1

Deregulation means a reduction in government intervention in the financial system and an end to credit, interest and exchange rate controls.

Select one of the following:

  • True
  • False

Explanation

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