Business Laws Law Term Paper Research Coursework Essay (Term Paper Sample)
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Table of Contents TOC \o "1-3" \h \z \u Question 1 PAGEREF _Toc16088557 \h 3Question 2 PAGEREF _Toc16088558 \h 3Question 3 PAGEREF _Toc16088559 \h 4Question 1 PAGEREF _Toc16088560 \h 5Question 2 PAGEREF _Toc16088561 \h 5Question 3 PAGEREF _Toc16088562 \h 6Question 4 PAGEREF _Toc16088563 \h 6Question 5 PAGEREF _Toc16088564 \h 7Question 6 PAGEREF _Toc16088565 \h 8Question 7 PAGEREF _Toc16088566 \h 8Question 8 PAGEREF _Toc16088567 \h 9Question 9 PAGEREF _Toc16088568 \h 10Question 10 PAGEREF _Toc16088569 \h 10Question 11 PAGEREF _Toc16088570 \h 11Question 12 PAGEREF _Toc16088571 \h 12Question 13 PAGEREF _Toc16088572 \h 13Question 14 PAGEREF _Toc16088573 \h 13Question 15 PAGEREF _Toc16088574 \h 15Question 16 PAGEREF _Toc16088575 \h 15Question 17 PAGEREF _Toc16088576 \h 16Question 18 PAGEREF _Toc16088577 \h 17Question 19 PAGEREF _Toc16088578 \h 17Question 20 PAGEREF _Toc16088579 \h 18Question 21 PAGEREF _Toc16088580 \h 19References PAGEREF _Toc16088581 \h 20
Business is regulated by the government for many reasons such as public welfare and safety, protection of business and revenue generation. Several businesses are overseen and reviewed regularly because if their activities go wrong could have harmful impacts on human health, community structure or financial welfare. Several regulations have been placed for protecting those people who have expanded their business properly like valid license as well as no criminal record (Rutland, 2018). Several programs need licensing or certification that industries need to pay to operate their business. The funds are gathered to pay to the government programs, which carry out the omission of the particular business. On the other hand, it is acknowledged that in several cases, some part of the revenue diverts for general government, which is considered as tax (Rutland, 2018).
In the 20th century, regulation of industry had developed at many levels of government through the commission's form. Government agencies and departments are heavily engaged. However, commissions are considered as responsive as well as board members provide approachable face to the business interests within the government.
A regulatory agency or regulatory body is a government agency or public authority accountable for applying autonomous power in some area regarding human activity within supervisory or regulatory capacity. The regulatory agency is generally started to implement safety and to protect the consumers in the market at the period of imperfect competition (Woods, 2018). Some of the examples of regulatory agencies are Insurance Regulatory and Development Authority (IRDA), Medicines and Healthcare products regulatory agency, Securities and Exchange Board of India, U.S. Securities and Exchange Commission and Federal Communications Commission. On the other hand, Non Regulatory agency involves agreements, services, and businesses that do not have to follow the official rules. The non-regulatory agency is also known as the Federal agency. It gives leadership globally and nationally to prevent work regarding injuries and illnesses. Several programs regarding non-regulatory are defined which are intended to complete existing regulations (Woods, 2018). As an example, the influence of Non-regulatory agency on the Pear products. The Non- regulatory agency influences businesses by offering employment by hiring several organizations to support internal processes.
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