Multiple Choice
The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year.This has ensured that all firms in the country pay their employees at least $8,000 per year, which has brought about a higher standard of living for the people of Filvia.Which of the following factors in a firm's general environment does this mandate best indicate?
A) Ecological factors
B) Sociocultural factors
C) Technological factors
D) Legal factors
Correct Answer:

Verified
Correct Answer:
Verified
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