8. The creation of new technology in terms of databases and electronic communications
allowed vast quantities of information to be shared and quickly distributed enabled the
company to reduce cost and improve service, this is the effects on business in terms of:
a. Environmental Factor
c. Government
b. Political Change
d. Changes in Technology
9. Across the globe, businesses expect companies to maintain strong
a Ethical Standards
c. Norms and Rules
b. Mode of Conduct
d. Regulations
10. This factors affecting industry includes social relate to pattern of behavior, tastes and
lifestyles.
a. Environmental Factor
c. Government
b. Economic Changes
d. Social Environment
11. The following are major contributions of business and industry to society. Which of the
following statements is not true?
a. It provides jobs in the community
b. It produces taxable income to for the community
c. It does not helps in the improvement of community life
d. It does not support long term social development
12. Viability is defined as the ability to survive. In the business sense, that ability to
survive is not linked to financial performance and position.
a. Both statements are True.
b. Both statement are False.
C. The first statement is True; the second statement is False.
d. The first statement is False; the second statement is True
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