Business Studies · Business Environment
Which of the following is considered a component of the Legal environment rather than being a major direct element of the Political environment of business?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Various specific legislations and statutory acts passed by the parliament or administrative orders.✓
- 2The nature and extent of government intervention in corporate business operations.
- 3The general level of political stability and morality in the administration.
- 4Dominant ideologies and values of major political parties in power.
Correct answer
Various specific legislations and statutory acts passed by the parliament or administrative orders.
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