Business Environment Quiz
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Questions and Answers

Which of the following best describes the internal environment of an organization?

  • The conditions and forces within an organization that can be controlled (correct)
  • Factors in the immediate market that an organization can directly control
  • Everything outside an organization's boundaries that might affect it
  • Factors largely out of the control or management of the organization

    • What is the uncontrollable environment of an organization?

  • The conditions and forces within an organization that can be controlled
  • Factors largely out of the control or management of the organization
  • Factors in the immediate market that an organization can directly control
  • Everything outside an organization's boundaries that might affect it (correct)

    • What is the task environment of an organization?

  • Factors largely out of the control or management of the organization
  • Factors in the immediate market that an organization can directly control (correct)
  • Everything outside an organization's boundaries that might affect it
  • The conditions and forces within an organization that can be controlled

    • Who has legal property rights to a business?

    <p>The owner</p> Signup and view all the answers

    What is the governing body of an organization called?

    <p>The board of directors</p> Signup and view all the answers

    Which of the following best describes the external environment of an organization?

    <p>Everything outside an organization's boundaries that might affect it</p> Signup and view all the answers

    What is the role of the board of directors in an organization?

    <p>To govern the organization</p> Signup and view all the answers

    What is the task environment of an organization?

    <p>Factors in the immediate market within which the organization operates</p> Signup and view all the answers

    What is the general environment of an organization?

    <p>Factors that are largely out of the control or management of the organization</p> Signup and view all the answers

    Who is someone who has legal property rights to a business?

    <p>Owner</p> Signup and view all the answers

    Study Notes

    Organizational Environment

    • Internal environment: Refers to the internal factors that affect an organization's performance, such as company culture, employees, and management.

    External Environment

    • External environment: Refers to the external factors that affect an organization's performance, such as customers, suppliers, competitors, and government regulations.
    • General environment: Comprises the broader societal context in which an organization operates, including economic, technological, legal, and sociocultural factors.

    Task Environment

    • Task environment: Refers to the external factors that have a direct impact on an organization's daily operations, such as customers, suppliers, competitors, and government agencies.

    Ownership and Governance

    • Owner of a business: Has legal property rights to a business.
    • Board of directors: The governing body of an organization, responsible for making strategic decisions and overseeing the management of the organization.
    • Role of the board of directors: To set the organization's vision, mission, and objectives, and to ensure the organization is run in the best interests of its stakeholders.

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    Description

    Test your knowledge on the internal and external environments of business organizations. This quiz will cover topics such as the controllable environment, the international environment, and the forces within an organization.

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