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Unit 2

The document discusses multiple choice questions about environmental scanning, micro and macro business environments, SWOT analysis, and strategy. It provides the questions, response choices, correct answers, and scores for 15 questions. The questions cover topics like threats, opportunities, strengths and weaknesses, environmental scanning, micro vs macro environments, and elements of a SWOT analysis. The summary provides a high-level overview of the content and topics discussed in the document without copying directly from it.

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jamani misam
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37 views3 pages

Unit 2

The document discusses multiple choice questions about environmental scanning, micro and macro business environments, SWOT analysis, and strategy. It provides the questions, response choices, correct answers, and scores for 15 questions. The questions cover topics like threats, opportunities, strengths and weaknesses, environmental scanning, micro vs macro environments, and elements of a SWOT analysis. The summary provides a high-level overview of the content and topics discussed in the document without copying directly from it.

Uploaded by

jamani misam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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3.1 Business Environment and Strategy (BES) (Section - B)


Environmental Scanning and Micro Business Environment

02 Unit : Practice Multiple Choice Questions (MCQs)


Submissions
Here are your latest answers:

Question 1
What refers to negative and unfavourable external factors that are likely to create hurdles for a firm?

Response: Threats

Correct answer: Threats

Score: 1 out of 1 Yes

Question 2
Environmental Scanning helps in which of the following?

Response: All of these

Correct answer: All of these

Score: 1 out of 1 Yes

Question 3
Which of the following SWOT elements are internal factors for a business?

Response: Strengths and Weaknesses

Correct answer: Strengths and Weaknesses

Score: 1 out of 1 Yes

Question 4
It is a tool that can assist you in analysing what your organisation does best right now and developing a successful future strategy. Name it:

Response: Power Matrix

Correct answer: SWOT Analysis

Score: 0 out of 1 No

Question 5
The environment that comes into close contact with a corporation and has an immediate impact on its day-to-day operations:

Response: Macro Business Environment

Correct answer: Micro Business Environment

Score: 0 out of 1 No

Question 6
The process of interpreting and assigning meaning to proposed or actual implications of proposals or results in an organised way.

Response: Implementation

Correct answer: Evaluation

Score: 0 out of 1 No
Question 7
Micro business environment has which of the following?

Response: Direct impact on business performance

Correct answer: Direct impact on business performance

Score: 1 out of 1 Yes

Question 8
External elements that may provide a competitive edge to a company are referred to as which of the following?

Response: Opportunities

Correct answer: Opportunities

Score: 1 out of 1 Yes

Question 9
An organisation’s internal and external environments are __________.

Response: Intertwined

Correct answer: Intertwined

Score: 1 out of 1 Yes

Question 10
An action taken by management to achieve one or more of the organisation’s objectives:

Response: Evaluation

Correct answer: Strategy

Score: 0 out of 1 No

Question 11
The persistent examination and analysis of the business environment both inside and outside of an organisation is known as which of the
following?

Response: PESTEL Analysis

Correct answer: Environmental scanning

Score: 0 out of 1 No

Question 12
Environmental scanning can be defined as which of the following?

Response: Consists of the beliefs, behaviours, objects, and other characteristics common to the members of a particular group or society.

Correct answer: An analysis and evaluation process that businesses use to understand their current environment.

Score: 0 out of 1 No

Question 13
A SWOT analysis looks at which of the following?

Response: Both internal and external Factors

Correct answer: Both internal and external Factors

Score: 1 out of 1 Yes


Question 14
The microenvironment of several firms in an industry might sometimes be nearly identical:

Response: be completely opposite

Correct answer: be nearly identical

Score: 0 out of 1 No

Question 15
Which of the following are covered under micro business environment?

Response: Customers

Correct answer: Banks

Score: 0 out of 1 No

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