Legal Environment

Q.

What is the importance of business ethics?

Q. environment of business will be affected by the prohibition on advertisements of alcoholic beverages.

1. Economic
2. Social
3. Legal
4. Political

Q.

___ component of the business environment requires that in every packet of cigarette there must be a horrifying picture and a statutory warning.

Q.

The legal environment consists of laws and regultions that have been implemented by the government through the ___ act, ___ act , ___ act etc.

1. Companies, factories, evidence.

2. Human rights, companies, competitions

3. None of these

4. Companies, factories and competitions

Q.

'Pan Masala chabana swasthya ke liye hanikarak hai'. This statutory warning is compulsory to be mentioned on the labels of the product.

Identify and discuss the environment, which is associated with this example.

Q. Answer the following questions.

What is business ethics? What are the elements of business ethics?

Q.

Identify the environment factor which requires that advertisment of baby food must inform potential buyer's that mother's milk is most healthy.

1. Social environment

2. Legal environment

3. All of the above

4. Economic environment

Q.

Give the name of environment that provides the framework, within which the business has to function?

1. Economic environment

2. Social environment

3. Legal environment

4. Technological environment

Q.

'Government rules and regulations' pertains to what aspect of business environment?

1. Legal environment

2. Social environment

3. Economic environment

4. Technological environment

Q.

Products like ___ and ___ are required to carry a statutory warning on their packages

1. Pepsi and soda

2. Tobacco and cigarettes.

3. Painkillers and muscle sprays

4. None of these

Q.

Explain in brief any three means, by which a consumer can be protected.

Q.

Explain any four points of importance of consumer protection from the point of view of the business.

Q.

Several acts passed by the government, Court judgements and statutory warnings prescribed under law. These are all included in the ___environment of business?

1. Legal environment

2. Economic environment

3. Political environment

4. None of these

Q.

What are the 4 types of business?

Q. “Government has passed the Consumer Protection Act."
The environment of business will be affected by this move of the government.

1. Legal
2. Economic
3. Political
4. Social

Q.

Explain any four points of importance of consumer protection from the point of view of business.

Q. Good Living Ltd. manufactures mosquito repellent tablets. These tablets are packed in strips of 12 tablets each. Each of these strips are packed in a cardboard box, 48 such boxes are then placed in a big corrugated box and delivered to various retailers for sale. State the purpose of packaging the tablets in a corrugated box.

Q.

Which of the following are the objectives behind the demonetisation policy.

1. To curb black money,

2. To create a cashless society

3. To control escalating price rise

4. All of the above

Q. The statutory warning on the packages of cigarettes is an example of labeling.

1. True
2. False