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Class 12 Business Studies Business Environment Legal environmentHard

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If a company does not keep a budget for legal compliance, what problem will arise in the long term?

Answer and explanation

Correct answer: Pressure of sudden penalties and correction costs

A compliance budget handles future risks and correction costs. In exams, treat compliance cost as part of planning.

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Business-Environment Legal-Environment Class-12 Hard Legal Environment Business Environment Business Studies Class 12 Mcq

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