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â?¢ How do government regulatory agencies and laws impact business organizations?
The government regulatory agencies and laws impact business organizations in several ways. There are some regulations that' seek to control prices. This was done by creating state-regulated monopolies like electric utilities while allowing prices in the level that would allow normal profits. The other forms of regulation are the antitrust laws, environmental laws, and labor laws. For instance, the US EPA sets standard for regulating air, water, and land resources. There are laws that regulate the banking industry. There is the Tobacco Master Settlement Agreement that gives long term payments for medical costs for treating smoking related diseases.
â?¢ Choose one or two specific governmental regulatory requirements, and explain what affects they have on business organizations.
One of the government regulatory requirements that have impacted businesses in the USA is the Sarbanes-Oxley Act. This is a federal law that has set higher standards for company board, public ...
This posting gives you an in-depth insight into government regulatory agencies