Classical

Business Environment - Business Environment Objective Type Questions

16:  

----------- is concerned with all current expenditure of the Government on administration.

A.

Revenue expenditure

B.

Capital expenditure

C.

Total expenditure

D.

None of these

 
 

Option: A

Explanation :


17:  

-------- is an economic system where the means of production are owned and managed by the State

A.

Capitalism

B.

Socialism

C.

Mixed economy

D.

Common economy

 
 

Option: B

Explanation :


18:  

Which of the following is not a part of the economic environment of business?

A.

Competitive environment

B.

Economic System

C.

Changes in Patent Laws

D.

None of these

 
 

Option: D

Explanation :


19:  

Which of the following is not an essential feature of social environment?

A.

Competitiveness

B.

Respect for the individual

C.

Better quality of Life

D.

Bailment

 
 

Option: D

Explanation :


20:  

------- is concerned with the obligation and duties of business to the society.

A.

Social responsibility

B.

Status

C.

Authority

D.

None of these

 
 

Option: A

Explanation :




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