Question

Internal environment of a business includes:
(i) Business ethics and moral standards
(ii) Business and managerial policies
(iii) Prospects of business development
(iv) Government rules and regulations
(v) Industrial relations.

• A. (i), (ii, (iv) and (v)
• B. (ii), (iii), (iv) and (v)
• C. (i), (ii), (iii) and (iv)
• D. (i), (ii), (iii) and (v)

Answer 1

Answer: (D)

(i), (ii), (iii) and (v)

Internal environment of business consists of the factors that are internal to the business entity. Few examples are the ethics and moral standards, policies set by the entity, strategy of business, rules and regulations laid down by the Government which need to be followed by the business.