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Home » Business & Economics » Business » Wetherly and Otter: The Business Environment » Student resources » Multiple choice questions » Chapter 01

Wetherly and Otter: The Business Environment

Chapter 01

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

In the PEST framework for environmental analysis what does the letter E stand for?

Question 2

Analyzing processes of change in the business environment involves conceptualizing it as:

Question 3

Profit may be defined as:

Question 4

Who was forced to step down as chief executive after describing one of his company's products as 'total crap'?

Question 5

In which year was the National Minimum Wage (NMW) introduced in the UK?

Question 6

The concept of a firm's 'license to operate' refers to:

Question 7

What does the term 'third sector' refer to?

Question 8

The idea that consumers are in charge of the economic system because their preferences drive business decisions about what to produce is referred to as:

Question 9

A multi-national corporation (MNC) is defined by:

Question 10

Which type of organization structure is characterized by departments or units dealing with specialized tasks?