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question_answer1) Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): Business environment helps in tapping useful resources. Reason (R): All the specifice and general forces of the environment are sources that provide all inputs.
question_answer2) Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): Legal environment refers to the framework of laws and various legislation within which a business has to conduct its activities. Reason (R): Each private or public company working in the medical industry has to get its stock inspected by drug inspectors.
question_answer3) Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): Business environment is made up of both specific and general forces. Reason (R): Specific force refers to the social, political, legal, economic, technological forces.
question_answer4) Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): The understanding of business environment enables a firm to identify opportunities. Reason (R): Opportunities refer to the positive external trends of changes that will help a firm to improve its performance.
question_answer5) Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): Cooperation between business and society will see business boom and will help in the growth of professional managers as well as the country. Reason (R): Changes in social environment does not affect the demand for a product, supply of labour and capital.
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