Choose the letter of the correct answer.

Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1. Many climatic changes can alter the trade of industries and how customers react towards a certain product and this is related to H. a. Environmental Factor c. Government b. Political Change (:1. Changes in Technology 2. A viable business has great effects to the community; which of the following statements is not true? a. It provides jobs to the community b. It produces taxable income 0. It does provide opportunities for the morale in services such as social welfare d. It does not support government by paying taxes. 3. Technological advancements enabled business to lessen cost and improve business systems and this is an example of a. Environmental Factor 0. Government b. Political Change 4. Businesses all over the world are ex (:1. Changes in Technology pected to maintain strong a. Ethical Standards 0. Norms and Rules b. Mode of Conduct 5. The amount of money a person received from their work, business or d. Regulations investments: a. Income b. Salary c. Wage d. All of the above 6. This is the goal of the business, advocate of positive change in the society. a. Flexibility c. Sustainability b. Profitability d. Viability 7. It is defined as the ability of the business to survive and stand pressure which linked to financial position. a. Flexibility c. Stability b. Durability d. Viability 8. This relates to changes in government influence means a. Economic Change c. Environmental Change b. Political Change d. Government 9. They are the proponent of innovation and product development. a. Entrepreneurs c. Importer b. Exporter d. Supplier 10. This factors affecting industry includes social factors such as pattern of behavior, tastes and lifestyles. a. Environmental Factor c. Government b. Economic Changes d. Social Environment 1 1. 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 evades payment of taxes for the community c. It does not helps in the improvement of community life d. It does support long term social development 12. Viability is defined as the ability to survive. In the business sense, that ability to survive is 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 True; the second statement is False 13. Refers to a regular activity perform by virtue of their skills, experiences and choices. a. Blue Collar c. Occupation b. White Collar d. Profession 14. These are characteristics that define the quality of life in a society. a. Government Factor c. Political Factors b. Economic Factors d. Socioeconomic Factors 15. Business and industries should be flexible enough to withstand the changing rules and policies regulations and policies set by the a. Consumer c. Supplier b. Government d. Households