Ch 21: WEST Business & Marketing Education: Government Regulation

About This Chapter

Decipher the effects of government regulation on business by reviewing the subject matter in these video lessons. Refresh your memory about these government practices as you bone up for the WEST Business and Marketing Education exam.

WEST Business & Marketing Education: Government Regulation - Chapter Summary

Watch these video lessons to rediscover how government agencies regulate business practices. As you prepare for the WEST Business and Marketing Education exam, review how government regulations have changed business practices domestically and worldwide. Upon completion of this chapter, you should be more versed about the following:

  • The different types of privatizations, deregulations, and regulations
  • The names and roles of U.S. regulatory agencies
  • The duties and purpose of the Federal Register
  • Rule making, enforcement and congressional oversight
  • Health, safety, and environmental regulations and laws
  • Business regulation costs and benefits
  • The Sarbanes-Oxley Act
  • Unfair competition and foreign and domestic business competition

To reacquaint yourself with the government regulatory practices related to business, start off by going through the video lessons one at a time. You can go through the video lessons in order or skip around, depending on your study needs. For quick review sessions, you can speed read through the lesson transcripts, making sure to pay special attention to the major terms set off in bold letters. Additionally, the transcripts act as a nice set of notes for your reference. Remember that getting in extra practice before the WEST Business and Marketing Education exam may help you feel calmer during the actual assessment, so use our chapter exam and lesson quizzes as your practice materials.

WEST Business & Marketing Education: Government Regulation Objectives

To earn an endorsement to teach business and marketing in the public school systems of Washington, licensed educators will need to get a passing score on the WEST Business and Marketing Education exam. The structure of this particular assessment uses 110 multiple-choice questions across five key domains of knowledge within this field. One of those domains, business management and law, accounts for nearly 20% of the entire test, and several of the questions related to this domain may ask about government regulation in connection to consumer protection, business ethics, and social responsibility.

16 Lessons in Chapter 21: WEST Business & Marketing Education: Government Regulation
Test your knowledge with a 30-question chapter practice test
Governmental Regulation and Management

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.

Types of Regulation, Privatization, & Deregulation

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.

Major U.S. Federal Regulatory Agencies in Business: Types, Functions & Authority

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.

Government Agencies that Protect the Public From Illegal Business Practices

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.

Government Regulation Agencies for Consumer Protection

5. 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.

Government Protections Against Stock Market Abuses

6. 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.

The Role and Function of the Federal Register

7. 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.

Regulatory Impact Analysis: Purpose & Relationship to the Federal Register & Regulations.gov

8. 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.

Stages of Rule Making: Congressional Oversight & Enforcement

9. 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.

The Cost and Benefits of Regulation in Business

10. 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.

Health and Safety Regulations: OSHA

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.

The Sarbanes-Oxley Act: Definition and Explanation

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.

Unfair Competition: Methods, Elements & Laws

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.

Foreign and Domestic Business Competition: Definition and Regulations

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.

What is Environmental Legislation? - Laws, Regulations & Timeline

15. What is Environmental Legislation? - Laws, Regulations & Timeline

Environmental legislation is a collection of many laws and regulations aimed at protecting the environment from harmful actions. Learn about the National Environmental Policy Act and other environmental laws.

What Is Environmental Law? - Principles, Issues & Policy

16. 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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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