Legal-Political Conditions in the General Environment Include __________

question 188

Multiple Choice

Legal-political conditions in the general environment include __________.

• A)Philosophy and objectives of the political party or parties running the government,as well as laws and governmental regulations.
• B)Inflation,income levels,gross domestic product,unemployment,and job outlook.
• C)Norms,customs,and social values regarding human rights;trends in education and related social institutions;and demographic patterns in society.
• D)Development and availability of technology,including scientific advancements.
• E)Nature and conditions of the natural environment,including levels of pubic concern expressed through environmentalism.

---

Definitions:

Shareholder Agreements

Legal contracts among shareholders of a corporation, outlining their rights, duties, and obligations.

Closely Held Corporations

A business entity characterized by a small group of shareholders or owners, with limited public trade of its shares, often managed directly by its owners.

RMBCA

Revised Model Business Corporation Act, a model set of laws prepared by the American Bar Association that is intended to standardize and modernize corporate business practices.

Profit-Sharing Plans

A type of retirement plan that gives employees a share in the profits of the company.