Quiz  /  Business Environment Class 10 MCQ Questions With Answers

  • 1. 
    Tool to evaluate MARKET Environment

  • SWOT
  • PESTLE
  • Porter's 5 Forces

  • 2. 
    What is a cost-benefit analysis?

  • The taxes that people pay when they buy something.
  • A process that allows businesses and individuals to analyze where to spend money.
  • The amount of money required to have or do something

  • 3. 
    ________ inspires people and sets goals

  • Leader
  • Manager
  • Employer

  • 4. 
    Businesses have the most control over the _________ environment

  • Micro
  • Market
  • Macro

  • 5. 
    The opportunity cost of Australian households moving away from coal-powered energy to solar-powered energy includes:(i) the loss of jobs in the coal industry,(ii) a cleaner environment,(iii) reduced coal production.

  • (i), (ii) and (iii)
  • (ii) and (iii)
  • (iii) only
  • (i) and (iii)

  • 6. 
    What is it called when a product loses value over time?

  • Depreciation
  • Inflation
  • Assets
  • Growth

  • 7. 
    What is a trade-off?

  • the item you receive after you pay
  • giving up one thing for another
  • the amount of money paid for something

  • 8. 
    Which of these are more representative of Price Elastic

  • Fresh fruit and vegetables
  • Milk, Eggs and Bread

  • 9. 
    Which do people compare in order to make choices?

  • Costs & Benefits
  • Supply & Demand
  • Buying & Selling
  • Apples & Oranges

  • 10. 
    What is a cost?

  • the item you receive after you pay
  • giving up one thing for another
  • the amount of money paid for something

  • 11. 
    What is a benefit?

  • the item you receive after you pay for it
  • giving up one thing for another
  • the amount of money paid for something

  • 12. 
    Cultural changes are in the ___________ environment

  • Micro
  • Market
  • Macro

  • 13. 
    Business has _____ control over the MARKET Environment

  • Complete
  • Some Control/influence
  • No

  • 14. 
    You want to buy a new video game and a new pair of sneakers. You only have enough money to buy one of them. If you buy the video game, what is your trade-off?

  • The money you spend on the video game
  • The video game
  • The sneakers

  • 15. 
    Tool to evaluate MACRO Environment

  • SWOT
  • PESTLE
  • Porter's 5 Forces

  • 16. 
    What are consequences?

  • something that is possible but is not yet real
  • money charged to do something for a service
  • task that demands time and effort to complete
  • the results (positive or negative) of an action or decision

  • 17. 
    Another name for Intermediaries is __________

  • Supplier
  • Consumer
  • Middle Man
  • Regulator

  • 18. 
    Trade Unions fall under the _______ Environment

  • Micro
  • Market
  • Macro
Report Question
warning
access_time
  Time