Forces That Occur Outside of the Business That Affect the Business

question 31

Multiple Choice

Forces that occur outside of the business that affect the business and its owner are referred to as

• A) Financial factors
• B) Controlled factors
• C) Environmental factors
• D) Internal factors

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Definitions:

Person

An individual human being, but in legal contexts, can also refer to entities recognized by law, such as corporations.

General Incorporation Law

A set of statutes established by a state that provides guidelines and regulations for the formation, operation, and dissolution of corporations.

For-Profit Corporation

A type of organization that is intended to operate with the goal of making a profit for its shareholders.

Owners

Individuals or entities that hold the legal right or title to property, assets, or intellectual property.