VUCA stands for ________, _________, ________.

(a)

Volatility, Uncertainty, Complexity and Ambiguity

(b)

Value, Unavoidable, Company and Authority

(c)

Volatility, Uncontrollable, Company and Auction

(d)

All of the above

The two major types of business environment are ________ and ________.

(a)

Positive and Negative

(b)

Internal and External

(c)

Good and Bad

(d)

Allowable and Unallowable

The size and composition of the population is part of _________ environment.

(a)

Economic

(b)

Technological

(c)

Socio-Cultural

(d)

Geo-physical

A business is an integral part of the

(a)

social system

(b)

economic system

(c)

psychological system

(d)

none of these

Internal environment factors can be changed or altered are known as

(a)

external factors

(b)

controllable factors

(c)

uncontrollable factors

(d)

none of these

Organisations have realised the importance of nurturing and maintaining good relationship with the

(a)

competitors

(b)

financier

(c)

customers

(d)

suppliers

Which provides a frame work for managing a company and achieving its objectives?

(a)

Corporate governance

(b)

Public corporation

(c)

Both 'a' and 'b'

(d)

None of these

The success of an orgnisation depends upon the sharing of________ by all members.

(a)

Vision and objectives

(b)

Internal power relations

(c)

Company image

(d)

Values system

The ________ group has the ability to make or man a business.

(a)

Competitors

(b)

Public

(c)

Private

(d)

None of these

_________ economy is a combination of both state owned and private sector ownership.

(a)

Socialistic

(b)

Capitalistic

(c)

Mixed

(d)

None of these