Government and Legal Issues
The stability of a goverment and its policies shape the political climate of a country. Government actions have a great impact on business and its operations. THus, it is important to understand how government functions and how it affects businesses.
The stability of a government, of its structure, and of its legal system is always part of the analysis of any business. The government plays the roles of provider of services, customer, regulator, enforcer of free enterprise, and monitor of the economy. Government laws and regulations affect business.
Key Terms:
Food and Drub Adminstration (FDA)
Consumer Product Safety Commission (CPSC)
Equal Employment Opportunity Commission (EEOC)
Occupational Safety and Health Adminstration (OSHA)
Securities and Exchange Commission (SEC)
Environmental Protection Agency (EPA)
Federal Trade Commission (FTC)
The stability of a government, of its structure, and of its legal system is always part of the analysis of any business. The government plays the roles of provider of services, customer, regulator, enforcer of free enterprise, and monitor of the economy. Government laws and regulations affect business.
Key Terms:
Food and Drub Adminstration (FDA)
Consumer Product Safety Commission (CPSC)
Equal Employment Opportunity Commission (EEOC)
Occupational Safety and Health Adminstration (OSHA)
Securities and Exchange Commission (SEC)
Environmental Protection Agency (EPA)
Federal Trade Commission (FTC)
Objectives:
*Explain the role of government in a free enterprise system
*Identify federal regulatory agencies