About This Chapter
Government Regulations for Consumer Protection - Chapter Summary
Those who are learning about business concepts must understand how the government manages consumer protection legislation. Within this chapter, those who are preparing for an examination or wanting more information on these laws will be fully covered. With the ability to come back to lessons at any time, you can be assured you have the information you need about consumer protection laws. After you've studied this chapter, you will be able to:
- Define the types of governmental regulation, including privatization and deregulation
- Recognize the major federal regulatory agencies within the U.S. government
- Give examples of regulatory policies
- Talkl about antitrust law
- Describe what liability may accrue for defective products
- Explain environmental laws
Within this chapter's lessons, you will review a range of governmental consumer protections. These short, enjoyable lessons will help you to be fully prepared for any test or situation.
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. Regulatory Policy: Definition, Processes & Examples
The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.
5. What Is Consumer Protection? - Product Liability, Laws & Rights
Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.
6. Government Regulation Agencies for Consumer Protection
You will learn about the government regulatory agencies that protect consumers. We'll discuss what the acronyms CFPB, CPSC, FTC, FDA, NHTSA, and SEC stand for and their organizations' responsibilities.
7. 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.
8. Defective Products Liability
Businesses are held responsible when their products are defective. There are three types of possible product liability defects. This lesson explains the three possible types of defects for which businesses can be liable.
9. What Is Environmental Law? - Principles, Issues & Policy
Environmental law involves a series of laws, policies and procedures enforced by various agencies with the goal of protecting the environment. Environmental law often overlaps other laws to act as an extra layer of legal protection.
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Other chapters within the NES Business Education (309): Practice & Study Guide course
- Organizational Management in Business
- Organizational Structures
- Human Resource Management in Business
- Human Resource Laws & Requirements
- Business Law & Ethics
- Taxation for Corporations
- Business Accounting Overview
- Personal Finance & Consumer Economics
- Consumer Credit
- Personal Insurance Coverage
- Computation & Quantitative Analysis in Business
- Microeconomics Concepts & Laws
- Microeconomics Fundamentals for Business
- Macroeconomics Principles for Business
- International Business & Trade
- Principles of Marketing & Market Research
- Consumer Behavior & Customer Satisfaction
- Selling & Sales Forecasting
- Fundamentals of E-commerce
- Entrepreneurship & Business Plans
- Business Communication Fundamentals
- Information Systems in Business
- Business Software
- Career Development in Business
- NES Business Education Flashcards