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Writing a Valid Will does not require a Mentally Competent Heir
Answer:
Political / Regulatory
Explanation:
The political or regulatory environment of business comprises of different stakeholders which includes the government organization, political parties, legislation and laws. It is an environment which deals with activities of these stakeholders and factors affecting the administration of public affairs and business activities of different organizations.
Also, the regulatory environment deals with the activities or laws and legislation that have direct and indirect impacts on business operations. Such as:
1. Regulations on unfair business practices so as to create fair competition.
2. Protection of consumers from unfair business practices.
3. Ensure the society interest in business operations are not overridden by greed capitalist.
Answer:
hedonic treadmill
Explanation:
Hedonic treadmill: The term "hedonic treadmill" is also referred to as "hedonic adaptation", and is described as an observed human propensity of quickly returning back to a relative or comparatively stable level of happiness irrespective of major negative or positive life changes or events. The term was initially described by two psychologists named Campbell and Brickman during 1971.
In the question above, the given statement is a classic example of the hedonic treadmill.