Assignment 2-1: Government Regulation Of Business

First, thanks to the Citizen United vs the federal election commission a corporation is considered to have constitutional rights and guarantees. The landmark case stated that a corporation should not be censored because it, like people, has a right to free speech. The supreme courts decided that this right had been guaranteed by the constitutional first amendments Bill of Rights. After this case the interpretation of the supreme courts split decision was that all of the constitutional rights could be applied to a corporation as if it was the same as a living breathing person (Crowther, D., & Güler, 2010). So it is important that we quickly consider what the constitution is and how it can affect business and specifically Back Office.

“For example, the federal government regulates the quality of food and water, the safety of workplaces and airspaces, and the integrity of the banking and finance system.” (Bianco, Canon 2011, p 582) Regulations find out if the product is a market failure. There are two types of regulations, which are economic and social. “Economic regulations sets prices or conditions on entry of firms into an industry, where as social regulation address issues of quality and safety.” (Bianco, Canon 2011, p 582) Economic regulations are concerned with the price regulation of monopolies.

Even though the federal government is the main source of promotion and regulation of industry in America, regulation almost inescapably obstructs success

Though the regulations on big businesses had a positive effect on the United states, it seems as if there are not enough. Within large corporations that are ran not completely, but partially by the government, there was a huge gap created that separated the rich and the poor. In the 19th century, during the Industrial Revolution, the structure of the United States economy was transformed. Rapid advancements in technology were made, causing factory owners to gain wealth and prestige. These advancements had a negative effect on the poor because it did not fit their daily spendings or budgets. There are two different regulations set towards big businesses, which are state regulation and federal regulation. A state regulation does not include regulations issued by executive branch agencies, decisions of federal courts,

The advantages of governmental involvement in our economy are the regulations and limitations set for business- such as setting a standard for minimum wage, regulating working conditions, preventing the exploitation of

B) The intended purpose of Industrial or Economic regulation as applied to Oligopolies and Monopolistic market structures is used to reduce the market power of both! A government commission regulates the prices charged by “natural monopolists.” Industrial Regulation is necessary to prevent natural monopolies from charging monopoly rates which may harm consumers/ society. Industrial Regulation tries to establish pricing that will cover production costs and provide a fair amount of return to businesses. Price=Average Total Cost, where normal profit is accomplished. (governs pricing, output, & profits in specific industries).

The United States has slowly conformed to the new ways of the Western policy of democratic socialism in order to achieve equality in the eyes of the law, but with this the necessary regulatory compliance of all citizens must be provided. If all American citizens do agree to abide by the rules implemented by the United States, the freedom that they came here for would be nonexistent, and they would no longer have the ability to truly live the infamous ‘American dream’. The economy is also beginning to move away from the capitalist ways and move toward an ideology of equality among the wealth and incomes of the people, and the only apparent way to achieve

The government takes care of ensuring that businesses do things in an ethical way. No other forms of

Role of the US Constitution and Legal System in Business RegulationThe Constitution of the United States and their legal system have an impact on the guidance and operation of companies in any industry. In case a person breaks a law, for example, he or she may be obliged to pay a fine or even imprisoned in the US. It works the same way with companies: if a business is found responsible for allowing its employees to violate regulations this company is subject to a fine and even closedown. For instance, companies are responsible to guarantee that all employees are legally authorized to work in the United States. Occasionally employees without proper documentation are able to get a job. The law enforcement agencies perform raids on business

Another key question is why do we have regulation? Regulation is meant to serve the best interest of the public. Regulation can serve the private interest, public interest or both. Almost every aspect of our daily life is regulated (as per Regulation: A Primer, page 1). Regulation is very comprehensive to the point that it extends to the moment we wake up to the moment we go back to bed at night. In the morning, there are regulations that dictate which airwaves are used by your radio station; in addition, food and drug agencies regulate the content of your toothpaste, soap,

Government should not be run like a business because a system that was established to protect and ensure the public good should always put equity before efficiency. Government is inherently different from business, and therefore should run differently.

The answer to this question is pretty obvious money and influence. There are many examples of big government regulation. For example, the minimum wage is seen by some as necessary to make corporations and big-businesses pay their employees a living wage. However, the minimum wage is yet another regulation supported by big-business to harm competition. Big Business has thousands of lobbyists settele on, and parading about Washington advocating for their interests. Most small business owners take risks, work hard, and contribute to their communities opening a business and see how many licenses you need to obtain just to sell a simple good or service. We have a right to know which companies receive government contracts, how to collect insurance

There are various government structures in organizations although they are different from one branch of the government to the other. The structures help the government manage its economy efficiently. In the economy a too big to fail firm (TBTF) exists and it is defined as one that its complexity, size, critical functions, and interconnections are in the sense that in case the firm goes into liquidation unexpectedly, the rest of the economy and financial system will face severe consequences. The government provides support to TBTF companies not because they favor them but because they recognize implications for an advanced economy of allowing a disorderly failure outweighs the cost of avoiding the failure. Helping the TBTF firms enable the economy to realize high revenue. Various activities are to prevent their failure. They include providing credit, facilitating a merger, or injecting the capital of the government. The paper addresses the structures of the administration and the concept of too big to fail in financial and non-financial institutions plus the ethics involved with the theory.

When we talk about the government, we know that the government is involved in issuing laws related to business practices. Business ethics tend to begin where the law ends. This means that the governments establish

There are tаx regulations and actions to mitigate aggressive tаx planning and tаx avoidance. The aim is to align the tаx paid with the real economic activities reducing the tаx loss suffered by tаx authorities in the countries where the economic activities are done.