Question

If business is to operate in a society which is full of diverse and complicated problems, it may have

(a) Little chance of success

(b) Great chance of success

(c) Little chance of failure

(d) No relation with success or failure

Answer 1

If a business is to operate in a society full of diverse and complicated problems, then it may have little chances of success. This is because of the fact that every business makes use of society’s resources such as human and physical capital. Thus, in case a society faces social problems such as unemployment, illiteracy, poverty, inferior human capital and inadequate physical capital, they will affect the operations of a business adversely.

Hence, the correct answer is option (a).