PHR (Business Environment) Test with all Correct & 100%
Verified Answers |Guaranteed to Pass
Whistleblowing for the private sector is enforced by which authority? ✔Correct Answer-
Occupational Safety and Health Administration (OSHA)
Identify the analysis tool used for environmental scanning ✔Correct Answer-PESTEL
Organizational culture is which type of business element? ✔Correct Answer-Human Capital
Under which pre-1960 Act would an individual be able to make a claim on behalf of the
government? ✔Correct Answer-The False Claims Act (1863)
What are the four benefits of competitive advantage? ✔Correct Answer--It starts new
business
-It encourages innovation
-It attracts better applicants
-It creates jobs
What are two characteristics of a limited liability corporation, or LLC? ✔Correct Answer-It has
less regulations and taxes are paid by owners
A company's fundamental beliefs and guiding principles are considered what? ✔Correct
Answer-Values
Suppliers, parts, and manufacturers are part of which environmental sector? ✔Correct
Answer-Raw Materials
Which type of business element is technology? ✔Correct Answer-Structural
What are the internal assessment elements of a SWOT analysis? ✔Correct Answer-Strengths
& Threats
Which element of a business strategy describes characteristics of what a company aspires to be
and the impact that it wants to have? ✔Correct Answer-Vision
What type of business structure has one owner with full responsibility? ✔Correct Answer-
Sole proprietorship
Which Act aims to address issues of pay and incentives in part through a pay ratio disclosure
requirement? ✔Correct Answer-The Dodd-Frank Wall Street Reform and Consumer Protection
Act (2010)
Verified Answers |Guaranteed to Pass
Whistleblowing for the private sector is enforced by which authority? ✔Correct Answer-
Occupational Safety and Health Administration (OSHA)
Identify the analysis tool used for environmental scanning ✔Correct Answer-PESTEL
Organizational culture is which type of business element? ✔Correct Answer-Human Capital
Under which pre-1960 Act would an individual be able to make a claim on behalf of the
government? ✔Correct Answer-The False Claims Act (1863)
What are the four benefits of competitive advantage? ✔Correct Answer--It starts new
business
-It encourages innovation
-It attracts better applicants
-It creates jobs
What are two characteristics of a limited liability corporation, or LLC? ✔Correct Answer-It has
less regulations and taxes are paid by owners
A company's fundamental beliefs and guiding principles are considered what? ✔Correct
Answer-Values
Suppliers, parts, and manufacturers are part of which environmental sector? ✔Correct
Answer-Raw Materials
Which type of business element is technology? ✔Correct Answer-Structural
What are the internal assessment elements of a SWOT analysis? ✔Correct Answer-Strengths
& Threats
Which element of a business strategy describes characteristics of what a company aspires to be
and the impact that it wants to have? ✔Correct Answer-Vision
What type of business structure has one owner with full responsibility? ✔Correct Answer-
Sole proprietorship
Which Act aims to address issues of pay and incentives in part through a pay ratio disclosure
requirement? ✔Correct Answer-The Dodd-Frank Wall Street Reform and Consumer Protection
Act (2010)
