A Firm's External Environment Includes a Remote Sector,industry Sector and an Operating

question 67

Multiple Choice

A firm's external environment includes a remote sector,industry sector and an operating sector.The remote sector includes which of the following categories?

• A) Political, technological, economic and social
• B) Political, supplier power, economic and labor
• C) State government, production, social and economic
• D) Mission, company profile and competition

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Definitions:

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Nuisance

An act, condition, or thing unreasonably interfering with the use or enjoyment of land or property of another.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in a relationship involving trust, such as between a trustee and beneficiary.

Partnership Property

Assets that are owned by a partnership and used in the conduct of its business activities.