Make sure that you attempt these Business Environment Questions as it is a very important area that the examiner can ask you in form of different question scenarios. So here we go with the first question.
Q1. In PESTEL “P” stand for ?
- Politic power
- Political factors
- Pepsi factors
- Panic factors
Q2. In PESTEL “S” stand for?
- Social Factors
- Science Factors
- Social Facilities
- Science Fiction
Q3. The norms and laws of the external environment in which all companies must operate are determined by a country’s?
- political system
- Social system
- Database system
- Traditional system
Q4. Enact laws that apply specifically to their own territory; similar rules may or may not apply in other areas.
Select the appropriate government body for this statement.
- Regional government
- National Government
- Supranational Government
Q5. ___ is made up of a number of member countries and a governing board made up of members from every single nation.
Select the appropriate government body for this statement.
- Regional government
- National Government
- Supranational Government
Q6. power than any local government – Makes laws that apply to all of its country’s regions and residents – But has no power and authority over any other country.
Select the appropriate government body for this statement.
- Regional government
- National Government
- Supranational Government
Q7
This regulation assures that organizations provide equal chances to all employees, regardless of gender, ethnicity, or religion.
Select the appropriate Law for this statement.
- Employees protection law
- Data protection and security law
- Health and Safety
- Consumer Protection
Q8. Which of the following is not a type of employee termination?
- Retirement
- Dismissal
- Redundancy
- Fraud
Q9. When you are treated in a different way and sometimes worse than someone else.
Select the appropriate word for this statement.
- Retirement
- Dismissal
- Direct discrimination
- Indirect discrimination
Q10. practice, policy, or guideline applies to everybody in a similar way but has a negative impact on certain people.
Select the appropriate word for this statement.
- Retirement
- Dismissal
- Direct discrimination
- Indirect discrimination
Q11. Employees should be provided a notice of __ with compensation to facilitate or encourage a smooth transition.
- Retirement
- Dismissal
- Redundancy
- Indirect discrimination
Q12. ____ occurs when an employee is fired without cause.
- Retirement
- Wrongful Dismissal
- Redundancy
- Indirect discrimination
Q13. Personal data should only be obtained for legitimate reasons.
Select the appropriate Law for this statement.
- Employees protection law
- Data protection and security law
- Health and Safety
- Consumer Protection
Q14 Accidents and diseases not only cost money, but they also damage a company’s reputation.
This statement relates to which law?
- Employees protection law
- Data protection and security law
- Health and Safety
- Consumer Protection
Q15. Laws are aimed to safeguard buyers from being duped into purchase decisions based on false details or information.
This statement relates to which law?
- Employees protection law
- Data protection and security law
- Health and Safety
- Consumer Protection
Answers
- Political factors
- Social Factors
- political system
- Regional government
- Supranational Government
- National Government
- Employees protection law
- Fraud
- Direct discrimination
- Indirect discrimination
- Redundancy
- Wrongful Dismissal
- Data protection and security law
- Health and Safety
- Consumer Protection
What are the main components of a business environment?
A business environment is necessary for a business and economic growth and components of a business environment play a vital role in achieving the desired result. The main components of a business environment are the followings:
- The social and technological environment
- Political and legal environment
- Economical environment
These components are very important in running a business without barriers. A business that runs its business by following these components can make a strong existence of its brand.
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Read:
Business Organization F1 ACCA notes