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Which of the following is an element of 'social environment'? - Business Studies

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Question

Which of the following is an element of 'Social environment'?

Options

  • Rates of saving and investment

  • Expectations from the workforce

  • The nature of relationship of our country with foreign countries

  • Planned outlay in public and private sectors

MCQ

Solution

Expectations from the workforce

Explanation:

Cultural and social elements, including societal conventions, attitudes, and expectations, including those of the workplace, are all part of the social environment. The other choices have more to do with political or economic considerations. 

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2023-2024 (February) All India Set - 1
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