ENT 1 Objective 2.02 Quiz

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ENT 1 Objective 2.02 Quiz
Chad Collins
Quiz by Chad Collins, updated more than 1 year ago
Chad Collins
Created by Chad Collins about 7 years ago
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Resource summary

Question 1

Question
Which is an example of a demographic trend?
Answer
  • The aging of the population
  • Shifting political climates
  • Rising interest rates
  • A concern for fitness and health

Question 2

Question
Which example illustrates how environmental factors are interrelated?
Answer
  • The economy affects what competitors are doing.
  • New legislation will be written in the future.
  • Low investor confidence heavily impacts financial planners.
  • The economy affects banking institutions.

Question 3

Question
When conducting an environmental scan, which is an economic factor that a business should consider?
Answer
  • Consumer spending habits
  • Global trade regulations
  • Local demographics
  • Restricted sales territories

Question 4

Question
Which statement is true about a business environment?
Answer
  • It can be avoided.
  • It is always changing.
  • It consists of the economy and technology.
  • It may not affect the business, depending on the industry.
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