In this post, we will cover technological and environmental factors practice questions that will help you to know your performance in this chapter. (For Chapter Notes ).
Q1. ____ has ensured that organizations are more flexible and can adapt to changes better.
- Economic factor
- Social factor
- Technological factor
- Political factor
Q2. ___ might be due to technological causes, as automation would limit the number of people employed and increase the productivity of those that remained the same.
- Downsizing
- Delayering
- Outsourcing
- None of them
Q3. Take work to specialized companies. This is an example of ___.
- Downsizing
- Delayering
- Outsourcing
- None of them
Q4. ______ refers to minimizing the number of managerial layers. Because of enhanced communication and monitoring mechanisms throughout the firm, fewer managerial levels are required, and one manager can supervise a larger number of employees.
- Downsizing
- Delayering
- Outsourcing
- None of them
Q5. Which of the followings is/are the benefits of outsourcing?
- Save money
- Reduce knowledge
- Detect fraud and also prevent it
- It will allow the company to focus on its core competencies
Q6. _____ firms will have more competencies than the corporation itself, resulting in improved performance quality.
- Specialist
- Outsourced
- Internal
Q7. Specialist skills and fixed-term contracts would merge to improve task ____, resulting in cost savings.
- Efficiency
- Capacity
- Productivity
Q8. Automation has changed manufacturing operations, reducing errors and waste while increasing efficiency. This represents ____ IT process.
- Product
- Production
- Marketing
- Human Resources
Q9. It has aided in the upkeep of employee records, minimizing payroll calculation confusion and errors.
This represents ____ IT process.
- Product
- Production
- Marketing
- Human Resources
Q10
Companies have websites where customers may view their items and compare them to other products based on price and quality.
This represents ____ IT process.
- Product
- Production
- Marketing
- Human Resources
Q11. Which of the following is/are the Impact of the environment on business?
- Natural Hazards
- Global warming
- Deforestation
- Depletion of natural resources
Q12. Which of the following is/are the Impact of business on the environment?
- Natural Hazards
- Global warming
- Deforestation
- Depletion of natural resources
Q13. Environmental impacts can be reduced by:
- Recycling
- Going paperless
- Waste treatment
- Research and development
Select the correct option.
- 1 and 2 only
- 1, 2, 3 only
- 4 only
- All of them
Answers
- Technological factor
- Downsizing
- Outsourcing
- Delayering
- Save money, It will allow the company to focus on its core competencies
- Outsourced
- Efficiency
- Production
- Human Resources
- Marketing
- Natural Hazards, Global warming, Deforestation
- , Depletion of natural resources
- All of them
General FAQS
Does technology affect business performance in the current world?
Most businesses in today’s world are online as this is the era of technology which decreases the overhead of a business and reaches a large audience across the globe which results in more sales and more profit. Technology no doubt plays a strong role in the development and continuous growth of a business.
Why a business should use advanced technology for business growth?
A business should use advanced technology and always keep looking at the market because, in today’s fast-growing world, technology is continuously growing a changing on the day to day bases. A business that has strong communication and survey power will win in this online era as it gives knowledge about profitable industries and products that are used frequently.
Can a business grow across the globe without using advanced technology?
It is possible for a business to grow across the globe but today’s advanced technology made it easy to grow for a business in the whole world by using different online platforms and channels such as social media.
Hopefully, you found the Technological and environmental factors practice questions helpful for your exam preparation.
Must share it with your friends and read other notes for FBT ACCA & ACCA FA1.
Other notes for FBT:
Business Environment In Political and Legal Factors
The Business Environment In Social and demographic factors