BCom In Accounting & Finance (BCAF) SEM I 2022 2023 Dec 2023 BUSINESS ENVIRONMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 All questions carry equal marks State whether the statement is True or False. ( Any 8) 08 WTO establishes a framework for trade policies 2 Entrepreneurs take risks in converting ideas into action 3 Entrepreneurs are born not made 4 Only rich persons can start a business 5 The element of risk is very high in business 6 Objectives make the goals operational 7 Strength and Weaknesses are often external to an organization 8 Nothing can be done by businessmen to protect the interest of 9 Business ethics are the same as legal issues 10 Business ethics refers to principles and standards that define acceptable conduct in business organizations
   • b) Match the pairs ( Any 7) 07 Mantra for successful business a. Constitutional framework Mantra for successful business. | f. Responsibility towards What are the economic and social objectives of business? 08
   • b. Define business. Explain the various features of business 07 What are the human and national objective of business? VCD/ FYBAF SEMI BUSINESS ENVIRONMENT 2% HRS Marks
   • d. Define Business Environment and explain its features 07
2. Q3 a What are advantages of managing ethics in workplace? b Explain factors influencing Business Ethics? 07 c Define Entrepreneur and explain characteristics of Entrepreneur 08 d What is role of Entrepreneurship in economic development ? 07 8 marks
3. Q4 Explain Social Audit with its features and What the difference between Social Audit and Commercial Audit is 15 marks
4. Q4 Explain Entrepreneurship and need of Entrepreneurship with role of MSMED Act for Entrepreneurs
5. Q5 a. Explain FDI and it’s need 8 marks
   • b. What is globalization and explain decision making strategies for 07
6. Q5 Short notes (Any 3)
7. Q2 Causes of Wate: Pollution a Entrepreneurship and career option in India
8. Q4 PESTEL Analysis Balance of Trade

Read from the scan above, so a character or two may differ. The scan is the original.