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Laws and Regulations of Various Governments and Their Ongoing Development

question 81

Multiple Choice

Laws and regulations of various governments and their ongoing development and change are an example of _____ factors that are part of all organizations' external environment.


Definitions:

Triple Bottom Line

The Triple Bottom Line refers to a framework that evaluates a company's performance based on three factors: social, environmental, and financial.

Corporate Social Responsibility

Business practices involving initiatives that benefit society and the environment beyond profit-seeking motives.

Officers

In the context of corporations, officers are high-ranking individuals appointed to manage the day-to-day operations and make executive decisions on behalf of the company.

Shareholders

Individuals or entities that own shares in a corporation, thus having a stake in the company's equity and potentially influencing its governance.

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