Legal, political, economic, social, cultural, technological environments - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 2009

The economic environment of a business is concerned with?

A. Climate conditions
B. Changing values
C. The growth rate
D. The interest rate

Question 12:

• JAMB 2011

A business organization is said to be socially responsible when it?

A. Gets involved in issues relating to the society
B. Rewards its staff for long-term service
C. Offers discounts to customers
D. Invites the public to its annual general meetings

Question 13:

• JAMB 2015

The external environmental factors that affect a business cooperation are

A. Economic, Social and legal
B. Political, Culture and Labour
C. Competition, Labour and Political
D. Competition, Industry and Product.

Question 14:

• JAMB 2015

The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is

A. Natural Environment
B. Cultural environment
C. Economic environment
D. Demographic Environment

Question 15:

• JAMB 2016

Complying with the rules relating to the conduct of business activities in a country is an aspect of

A. Cultural enviroment
B. Demographic environment
C. Legal environment
D. Political environment