Answers That Cannot Be Un My Assignments Quiz: Chapter 1 u.instructure.com/cours

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Answers That Cannot Be Un My Assignments Quiz: Chapter 1 u.instructure.com/courses/1131324/quizzes/1815347/take Samuel is struggling to run his start-up company in his locality. He is struggling because the local trade associations have established strict codes of conduct regarding certification, accreditation, and insurance obligation for businesses. In the context of economic freedoni f a business environment, which of the following is adversely affecting Samuet's start-up? Lack of freedom of production Lack of freedom of staffing Excessive regulation Excessive taxation O D Question 8 2s Which of the following dimensions of a business environment is specifically highlighted when stock markets lose a major portion of their value and when huge, venerable institutions collapse financially? Social O Technological O Cultural Economic

Explanation / Answer

Answer

Excessive regulations

Samuel is facing problem of excessive regulations because the code of conduct and certification forms part of regulations.

The other options are not correct because

The lack of freedom of production refers to the restrictions related to producing the goods , the lack of staffing relates to the problem of HR which means there is shortage of the workers all the skilled employees which is required by the company and the problem of staffing doesn't anywhere relate to the code of certifications which is the actual problem of Samuel. And the excessive taxation means the rates charged on income.

Answer8

Economic

The economic dimension of business environment is one that deals with the financial issues like interest rates, changes in income of people, spending of people etc. So the dimension asked in question fits in definition of economic dimension.

Whereas the social dimension deals with the different different social forces prevelant in our society like trend , tradition, customs.

Technological dimension refers to the innovations and development taking place in the technology, techniques, methods.

The dimensions of business environment doesn't include any dimension named cultural. There are 5 dimension named economic,legal, political, technological and social.

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