Question

Statement – I : Business Environment is dynamic as it differs from country to country.
Statement – II : Business Environment is largely uncertain as it is very difficult to predict future happenings.
Choose the correct option from the following :

• A. Statement I is true and Statement II is false.
• B. Statement II is true and Statement I is false.
• C. Both the statements are true.
• D. Both the statements are false.

Hint:

Business environment is dynamic and uncertain — it keeps changing and can’t be predicted easily.

Answer 1

The Correct Option is C

Statement I is accurate; the business environment's components (political, economic, social, technological) differ across nations, rendering it dynamic.
Statement II is also accurate. Rapid and unpredictable external changes (e.g., pandemics, wars, technological disruptions) impede businesses' ability to forecast future conditions.
Therefore, both statements accurately identify two distinct business environment characteristics: dynamism and uncertainty.
Final Answer: (C) Both the statements are true.