Examlex
Which of the following statements is TRUE?
Contract
An agreement between parties creating obligations that are enforceable or otherwise recognizable at law.
Macro Social Environment
The larger societal context in which individuals, groups, and organizations operate, encompassing cultural, economic, legal, and political aspects.
Economic Forces
Factors that affect the behavior of the economy, including demand and supply, inflation rates, and employment levels.
Political Forces
Refer to the influence exerted by political parties, interest groups, and governmental policies on decision-making processes.
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