About This Chapter
Government Regulation of Business - Chapter Summary
In this chapter on government regulation of business, you will learn about the legal and regulatory oversight of business by the government and the purpose for such regulation. Professional instructors review the function of the Federal Register, government protections against stock market abuses, and the cost of regulation in business. There's also information about antitrust and unfair competition laws. By the end of the chapter, you should be able to:
- Describe the relationship between regulatory agencies and management
- List methods employed by government to regulate businesses
- Outline the authority of major U.S. federal regulatory agencies in business
- Recall government agencies that protect the public from illegal business practices
- Outline the rule-making process followed by the government
- Recount health and safety regulations governed by OSHA
- Provide an overview of the Sarbanes-Oxley Act
- Discuss regulations for foreign and domestic business competition
Our instructors provide examples and illustrations to help you quickly comprehend concepts related to government regulation of business. Take the corresponding quizzes at the end of each lesson to measure your level of understanding. You can submit questions to experts if you get stuck on a topic.
1. Governmental Regulation and Management
In the U.S., we have several different government agencies that help protect the rights and safety of our workers. This lesson explores and explains these agencies and how they relate to management.
2. Types of Regulation, Privatization, & Deregulation
Government can monitor, control and manage business through different types of regulation. In this lesson, you will learn about the two specific categories of regulation and how privatization and deregulation impacts business.
3. Major U.S. Federal Regulatory Agencies in Business: Types, Functions & Authority
In order to ensure that U.S. corporations are maintaining ethical business practices, the federal government has established regulatory agencies to protect employees, customers and the general public. This lesson explores major regulatory agencies and their functions.
4. Government Agencies that Protect the Public From Illegal Business Practices
The public has to be protected from illegal business practices. In this lesson, you'll learn about the four government agencies that monitor, protect, and prevent corporate America from taking advantage of consumers.
5. Government Protections Against Stock Market Abuses
Companies are monitored and policed by the Security and Exchange Commission in order to protect stockholders against market abuses. In this lesson, you will learn how the SEC prevents insider trading and fraudulent accounting.
6. The Role and Function of the Federal Register
The role and function of the Federal Register is important to businesses so they may understand how federal regulations are proposed, reviewed, and approved as a final regulation process. In this lesson, learn what the Federal Register is and how it is used.
7. Regulatory Impact Analysis: Purpose & Relationship to the Federal Register & Regulations.gov
In this lesson, you will learn about a regulatory impact analysis and how it is essential for all proposed regulations. Each analysis is accessible through the federal register and regulations.gov.
8. Stages of Rule Making: Congressional Oversight & Enforcement
Federal regulatory agencies are the creators behind the regulations of a congressional law. In this lesson, you will learn the stages of rule making and how Congress oversees the final dispersal of the regulation.
9. The Cost and Benefits of Regulation in Business
Regulation is often seen as a negative by most American businesses. In this lesson, you will learn both the costs and benefits of regulation in the corporate world.
10. Antitrust Law: Definition, Types & Outline
Antitrust laws are statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.
11. Health and Safety Regulations: OSHA
The workplace can be a dangerous place, and workers are injured and even killed on the job. In this lesson, you'll learn how the Occupational Safety and Health Administration works to minimize dangerous workplace conditions.
12. The Sarbanes-Oxley Act: Definition and Explanation
Government regulations play a major role in corporate financial reporting. In this lesson, you will learn about one of the most important regulations enacted in the last two decades - the Sarbanes-Oxley Act.
13. Unfair Competition: Methods, Elements & Laws
Unfair competition refers to several different types of intentional torts that cause economic injury to another person's business. These torts are various forms of deceptive business practices. This lesson explains unfair competition.
14. Foreign and Domestic Business Competition: Definition and Regulations
Marketers have to understand the environmental factors that can affect a marketing plan. The competitive landscape has a dramatic impact on a marketer's overall strategy for pricing, product development, promotion and logistics.
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Other chapters within the DSST Business Ethics and Society: Study Guide & Test Prep course
- Ethics in Business
- Understanding Ethical Business Leadership
- Foundational Ethical Theories for Business
- Social Responsibilities of a Business
- The Relationship Between Employer & Employees
- Ethical Issues in the Workplace
- The Ethics of Labor Relations
- The Ethics of Advertising & Marketing
- The Ethics of Privacy in Business
- Ethics in International Business
- Corporations & Stakeholders
- Global Business & Environmental Ethics
- Business, Government & Society
- DSST Informational Resources
- DSST Business Ethics and Society Flashcards