Which Environment Is NOT an Important Dimension of a Business

question 12

Multiple Choice

Which environment is NOT an important dimension of a business organization's external environment?

• A) The political-legal environment
• B) The sociocultural environment
• C) The technological environment
• D) The corporate cultural environment
• E) The global business environment

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Definitions:

Compensation

Financial or other forms of reimbursement provided to individuals or groups for services rendered or as reparation for losses.

Bailee

A person or entity that has been given temporary possession, but not ownership, of personal property by another party known as the bailor.

Bailment

The act of temporarily placing control over or possession of personal property in the hands of another, under agreement.

Ordinary Care

The level of care that a reasonably careful person would exercise under similar circumstances to avoid harm to themselves or others.