Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What is the legal environment of a business?

Options:

Only court judgments

Government administrative orders

Decisions rendered by commissions

All of the above

Correct Answer:

All of the above

Explanation:

Legal environment includes various legislations passed by the Government administrative orders issued by government authorities, court judgments as well as the decisions rendered by various commissions and agencies at every level of the government— centre, state or local.