Why is following legal rules necessary for an entrepreneur?
Answer and explanation
Correct answer: व्यवसाय को सुरक्षित और भरोसेमंद चलाने के लिए
Legal compliance helps an enterprise operate within required standards, protect stakeholders and reduce the risk of penalties, disputes, closure or loss of reputation. It may include applicable tax, labour, safety, consumer and registration duties. Following law is not a way to avoid taxes or customer rights; it supports safe and trustworthy business conduct.
Frequently asked questions
What is the correct answer to this question?
व्यवसाय को सुरक्षित और भरोसेमंद चलाने के लिए
Why is this the correct answer?
Legal compliance helps an enterprise operate within required standards, protect stakeholders and reduce the risk of penalties, disputes, closure or loss of reputation. It may include applicable tax, labour, safety, consumer and registration duties. Following law is not a way to avoid taxes or customer rights; it supports safe and trustworthy business conduct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
