Practicing Success
Which of the following is not an element of the political environment? |
Prevailing political system The level of political morality Political institutions Legislations passed by the government |
Legislations passed by the government |
The correct answer is Option (4) - Legislations passed by the government - These are part of Legal Environment. Political environment includes political conditions such as general stability and peace in the country and specific attitudes that elected government representatives hold towards business. The significance of political conditions in business success lies in the predictability of business activities under stable political conditions. On the other hand, there may be uncertainty of business activities due to political unrest and threats to law and order. Major Elements of the Political Environment * Prevailing political system |