Business Environment Applications I: Business Structures and Legal Environment (D078)

Business Environment Applications I: Business Structures and Legal Environment (D078)

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Your Premium Question Collection: Unlocked Business Environment Applications I: Business Structures and Legal Environment (D078) : Practice Questions & Answers

Free Business Environment Applications I: Business Structures and Legal Environment (D078) Questions

1.

What is the name of the setting in which a business operates?

  • Global business environment

  • Economic environment

  • Domestic business environment

  • Technological environment

Explanation

Correct Answer:

C. Domestic business environment

Explanation:

The domestic business environment refers to the conditions, influences, and factors within the country in which the firm operates. This includes local market conditions, laws, economic conditions, and other factors that affect business operations within a specific country.


2.

Which kinds of business environment changes have the potential to lessen or even eliminate the requirement for physical equipment, other platforms, and conventional working methods?

  • Global business environment

  • Economic environment

  • Domestic business environment

  • Technological environment

  • Political-legal environment

Explanation

Correct Answer:

D) Technological environment

Explanation:

The technological environment refers to changes and advancements in technology that can transform business operations. Innovations like cloud computing, digital collaboration tools, and automation can replace traditional working methods, reduce the need for physical equipment, and provide new platforms for business conduct.


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Frequently Asked Question

The study pack includes 100 expertly crafted Q&A with detailed rationales, covering key concepts from the Business Structures and Legal Environment course at WGU.

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