Question

1. Legal environment of business is what makes the working of the enterprise harmonious. It accumulates every aspect which is remotely concerned with the business firm. The term "Legal Environment of business" relates to the code of conduct of any company.

true
false​

Answer 1

True

Step-by-step explanation:

It is TRUE that The term "Legal Environment of business" relates to the code of conduct of any company.

The above statement is correct because the Legal Environment of business distinguishes the legal boundaries and the extent of legal plans of a company's executive decisions. It also defines the lawful time and operation of the firm.

Also, it helps in regulating the business activities of a firm, including the roles of the owners, equity shareholders, creditors, debtors, debenture holders, or any third party involved.