Question

The customs,values,and demographic characteristics of the society in which an organization functions are the principal elements of the political-legal environment.

a. True
b. False

Answer 1

b. False

Step-by-step explanation:

There are many factors that regulate and affect the proceedings of the business. Environmental factor is one of the factors among them. Internal environment and external environment effects the proceedings of the business. Political, economic, socio-cultural and technological factors are some of the important factors. Political factors comprises of the political decisions taken by the government that can have any form of effect on the business. Socio-cultural environment comprises of the values, beliefs and culture that helping in shaping the working of the business.