Question

Importance of legal environment of business.


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Answer 1

Answer:

The Legal Environment of Business introduces us to the role of legal agendas in managerial decisions. It helps managers in the operation of their business and allows them to know the limits and boundaries of there being in the name of their respective firms. It makes their decisions apt to the legal system.

Explanation:

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Answer 2

Answer:

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Ethics is the branch of philosophy concerned with grounding decisions, beliefs,

policies, etc. in some sort of framework for deciding right and wrong. Ethics looks to

resolve such questions as human morality. By deriving some moral system, we can

prescribe value to some action or belief.