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The economics of federal business regulations and compliance are described and analyzed. The regulatory burden of different sized businesses is summarized. The economic issues associated with differences in international business regulations are also addressed. The regulatory impact of international trade agreements, such as the North American Free Trade Agreement, and environmental pacts, such as the Kyoto Protocol, are discussed.
Economics of Business Regulations Overview In the United States and around the world, governments actively regulate business and Business regulation paper. Business regulations refer to the use of laws or rules by a government regulatory agency to protect consumers and investors as well as to provide orderly and predictable business procedures.
Government regulations, in general, refer to statutes established by federal departments or agencies that are enforceable by law. Due to the impact of business operations on the lives of citizens, health of the environment, and the strength of the national economy, business regulations comprise a significant portion of regulatory activities.
In the United States, local, state, and federal governments regulate business structures, intellectual property, reporting, hiring, retirement, fair and equitable treatment of employees, working conditions, wages, waste disposal, product advertising and distribution, trade, environmental impact, taxes, employee savings plans, benefits, business safety, and business accounting.
Governments develop business regulations to protect the general public from business abuses, preserve the natural environment and ecosystems and, in some cases, control anti-competitive practices between businesses.
Business regulations impact both the economics of businesses themselves and national economies as a whole. First, compliance with business regulations is a massive expense for most businesses.
Second, the specifics of national business regulations make nations more or less competitive in the global marketplace. Business regulations are highly responsive to events and trends in the private sector as well as to demands expressed by the electorate.
Inthe Environmental Protection Agency developed and passed the Clean Water Act in response to increasing public awareness and concern over water pollution.
The Clean Water Act established the regulations concerning the discharge of pollutants, by individuals and business, into the waters of the United States.
Inthe federal government passed the U. Patriot Act, which includes a host of new business regulations, in response to the September 11, attack on the World Trade Center.
The Sarbanes-Oxley Act was actualized to help investors defend against corporate accounting fraud. The Sarbanes-Oxley Act requires that corporations engage in risk assessment and risk auditing to monitor its financial reporting and auditing processes.
Inthe Securities and Exchange Commission issued new corporate risk reporting and disclosure regulations. The SEC requires business reporting on risk factors in three main categories of market behavior including industry risks, company risks, and investment risks.
Corporations must now disclose risk factors in their annual reports and describe changes in previously disclosed risk factors in their quarterly reports. Risk factors are believed to present a summary of the risks facing the company and identify factors that investors should consider when making an investment.
The SEC argues that the new reporting requirements and regulations should not be burdensome as the SEC noted that companies should already be in a position to recognize new or changing material risks affecting their businesses.
The SEC argues that disclosure of risk factors will alert investors to risks specific to the company or its industry that make an offering speculative or high risk Banham, Business regulations, while usually supported by society at large, are often opposed by business interests on grounds that complying with a business regulation is unduly burdensome to the business or that the business regulation is unwarranted or based on inaccurate assumptions.
The business sector is generally in favor of deregulation.Mar 23, · Prepare a ,word paper in which you describe the role of the United States Constitution and the United States legal system in business regulation.
Find and discuss a recent news article, or an example from your workplace, which demonstrates how a Constitutional right affects a business and how the legal system is used with respect to recognizing or protecting that caninariojana.com: Resolved.
Finally, the paper will provide the procedure to be followed when one is a victim of professional misconduct in the healthcare system.
To be specific, the essay will focus on the criminal liability that pertains to the nurses in the United States specifically the State of Iowa. The Division of Occupational and Professional Licensing and The Division of Corporations and Commercial Code will continue to have limited services available in the .
The respective environment in which a company exists can often dictate strategy, rate of growth, and level of risk of which a company is willing to engage. Nov 27, · Business Entity Matrix Paper. Business Entity Matrix Selecting the type of business entity is an important decision for any business that determines the liability of owners and structure of the business.
3 Objective 1. The objective of this paper is to provide an outline for the effective regulation of service providers within the virtual currency business industry (virtual currency.