Economics and Business Environment B

According to the Corporate Social Responsibility (CSR), economic responsibility invloves

The responsibility of the business to strive for profits

The responsibility of the business to produce goods and services that the society needs and wants and to sell them at a fair price

The responsibility of the business to reduce unemployment in the community

The responsibility of the business to produce more goods and services to sell abroad

A recent cut in the interest on loans announced by the banks encouraged Amit, a science student of Progressive School, to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organized by the Directorate of Education. He was awarded the first prize for this invention. Identify and explain the dimensions of business environment discussed in the above case.

Economic environment and Technological environment

Only Economic environment

Only Technological Environment

None of the options

All of the options

Legal Environment and Social Environment

Post demonetization in a further push to cashless economy, the Central cabinet has recently approved the ordinance for paying wages via electronic means. Accordingly, the government approved to Amended Section 6 of the Payment of Wages Act 1936, to allow employers of certain industries to make payment through the electronics modes and cheques. The new ordinance will be applicable to the public sector. Identify the various dimensions of business environment which relate to the above mentioned case.

Political Environment

Legal Environment

Technological Environment

All of the options

Suhasini a home science graduate from a reputed a college has recently done a cookery course. She wished to start her own venture with a goal to provide ‘healthy food’ at reasonable price . She discussed her idea with her teacher [mentor] who encouraged her . After anaylizing various options for starting her business venture, they shortlisted options Readymade and to make vegetable shakes sattu milk shakes .Then they both weighed the pros and cons of both the shortlisted options.

When an order comes from the CEO directly to the production employees, it indicates a(an)

Functional organisational structure

Team organisationalstructure

Matrix Organisational structure

Line organisational structure

If Vodacom conducts online interviews via Microsoft app, this shows that Vodacom follows a

Divisional organisation structure

Network organisational sturcture

Matrix organisational structure

Line and staff organisational structure

Economics and Business Environment B

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