10 Questions
Explain the three main functions of government and how they impact the business environment.
The three main functions of government are legislative, executive, and judicial. The legislative function involves making new laws, amending existing ones, approving spending, scrutinizing executive decisions, and debating important issues. The executive function puts those decisions into effect, and the judicial function interprets laws and adjudicates disputes relating to them. These functions impact the business environment through decisions made and implemented.
How do elections contribute to the dynamic nature of the political environment?
Elections normally happen every 4-5 years leading to uncertainty and new policies, creating risks and opportunities. This contributes to the dynamic nature of the political environment as major political changes occur, making the environment dynamic with both continuity and change.
Explain the impact of political factors crossing national boundaries on businesses.
Political factors increasingly cross national boundaries, as seen in the EU and WTO. The impact of politics on businesses varies - not all are affected the same way. This indicates that businesses need to navigate and adapt to political factors that transcend national borders.
How does government stability provide continuity in the political environment despite major political changes?
Government stability provides some continuity, but major political changes still occur, making the environment dynamic with both continuity and change. This continuity helps provide stability in the political environment even as major changes take place.
Describe the role of the legislative function of government and its impact on the business environment.
The legislative function of government involves making decisions and laws, including making new laws, amending existing ones, approving spending, scrutinizing executive decisions, and debating important issues. This function impacts the business environment through the decisions made and implemented, influencing various aspects of business operations and regulations.
What are the three main functions of the government?
Legislative, executive, and judiciary
Which function of the government involves interpreting laws and adjudicating disputes?
Judicial
What is the formal exercise of power by the government through institutions like cabinets and parliaments called?
Executive function
How often do elections normally occur, leading to uncertainty and new policies?
Every 4-5 years
What is the name for the three sides of the parliament, headed by the Speaker, consisting of government, opposition, and independent?
Parliamentarians
Test your knowledge of government functions and political processes with this quiz. Explore the legislative, executive, and judicial functions and understand how conflicts are resolved in society.
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