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Business Environment CHAPTER-3&4 1. Micro enterprises are the enterprises providing services, and where the investment in equipment exceeds 10 lakh rupees. (a) True (b) False (c) Partly true (d) Partly false 2. Scale of business involves determination of: (a) Capital Requirement (b) Business size (c) Business production (d) All of the above 3. Micro enterprises are : (a) Labor intensive (b) Capital intensive (c) Machine intensive (d) Both (b) and (c) 4. Traditional small industries provides: (a) Full time employment (b) Part time employment (c) No employment (d) All of the above 5. Handloom is an example of: (a) Small scale enterprise (b) Modern small scale enterprise (c) Micro enterprise (d) Traditional small scale enterprise 6. In 1979-80, modern small industries provided ………….. % of total employment. (a) 33 (b) 43 (c) 22 ...

Business Environment CHAPTER-2 1. Which of the following is a form of business organisation?     (a) Temple (b) Church     (c) Partnership (d) Mosque. 2. Following is not a characteristic of business organisation:-    (a) Discontinuity of operations (b) Distinct ownership (c) Lawful business (d) Risk involvement. 3. ____is a form of business that is owned, managed and controlled by an individual.       (a) Partnership (b) Company       (c) HUF (d) Sole Proprietorship. 4 Individual owing and running the business is known as:-    (a) Single owner (b) Sole Trader     (c) Single Trader (d) Businessman.  5. Which is the oldest business form?   ...

BUSINESS ENVIRONMENT Chapter-1 1. Profit is the only objective of all business firms  (a) True (b) False  (c) Partly True (d) Partly False   2. Modern business is.............................  (a) Constant (b) Profitable  (c) Dynamic (d) Stable   3. Features of business environment does not include  (a) Uncertainty (b) Relativity  (c) Static Nature (d) Specific and General forces 4. Tells the purpose of business existence.  (a) Vision (b) Mission  (c) Both (a) and (b) (d) None of the above.  5. Both Vision and Mission statements are commonly used to: (a) define measurement standards (b) create wider linkages with customers, suppliers and alliance partners (c) guide managements thinking on strategic issues.    (d) enlist internal support 6. "Where you can visualize your business in 10 years time". This is a : (a) Mission Statement (b) Vision Statement...