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Which of the following is an example of legal compliance for a sports store? (A) Paying taxes on time (B) Offsetting carbon emissions (C) Induction of new employees (D) Paying dividends to shareholders - HSC - SSCE Business Studies - Question 17 - 2014 - Paper 1
Question 17
Which of the following is an example of legal compliance for a sports store? (A) Paying taxes on time (B) Offsetting carbon emissions (C) Induction of new employe... show full transcript
Worked Solution & Example Answer:Which of the following is an example of legal compliance for a sports store? (A) Paying taxes on time (B) Offsetting carbon emissions (C) Induction of new employees (D) Paying dividends to shareholders - HSC - SSCE Business Studies - Question 17 - 2014 - Paper 1
Step 1
Identify the example of legal compliance
Answer
In the context of a sports store, legal compliance refers to adhering to laws and regulations. Among the provided options:
- (A) Paying taxes on time is essential for legal compliance, as businesses must comply with tax laws.
- (B) Offsetting carbon emissions is related to environmental regulations but is not strictly legal compliance.
- (C) Induction of new employees pertains to human resource management and may involve legal considerations but is not a specific example of legal compliance.
- (D) Paying dividends to shareholders relates to financial decisions and not legal compliance.
Therefore, the correct answer is (A) Paying taxes on time, as it directly represents an obligation enforced by law.