Amjad is doing business in Oman as well as overseas and he started a business outside the boundaries where legally running is business is not allowed. Thus, here Amjad is subject to penalties of infractions. Identify the external environment of business applicable to this situation:

Amjad is doing business in Oman as well as overseas and he started a business outside the boundaries where legally running is business is not allowed. Thus, here Amjad is subject to penalties of infractions. Identify the external environment of business applicable to this situation:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Amjad is doing business in Oman as well as overseas and he started a business outside the boundaries where
legally running is business is not allowed. Thus, here Amjad is subject to penalties of infractions. Identify the
external environment of business applicable to this situation:
Technological Environment
Socio-cultural environment
Legal and political business environment
Economic environment

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