BUSINESS ENVIRONMENT Chapter-1 - CSEET MCQ
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...