1.) They are considered as the life blood of the business.
a. owners c. customers
b. employees d. board of directors
2.) This refers to the extra-organizational environment.
a. internal environment
b. external environment
c. macro-level environment
d. micro-level environment
3.) This refers to the intra-organizational environment.
a. internal environment
b. external environment
c. macro-level environment
d. micro-level environment
4.) The following statements are correct about business environment, Except; a. It is confronted with changes in the environment such as introduction of new technology.
b. It presents opportunities which organizations can take advantage of ad threats that the organization should avoid.
c. The business environment is a set of forces and conditions outside the organization's boundaries that have the potential to affect the way the organization operates.
d. It is the scanning of the environment to identify the changes or trends that have the potential to generate opportunities and threats to the organization's current or future intended strategies,​