Costs

• What is the purpose of government legislation in business?

  To regulate businesses' behavior
• What do laws protect in relation to businesses?

  Consumers and workers employed by businesses
• What are the additional costs businesses incur to comply with legislation?

  • Time to produce documents
  • Following procedures
  • Meeting legal obligations
• What is an example of additional costs from the Health and Safety at Work Act (1974)?

  Supply training and safety equipment
• What does the Consumer Protection Act (1987) require businesses to do?

  Test products for safety standards
• What must businesses provide under the Employment Rights Act (1996)?

  A written statement of employment details
• What does the National Minimum Wage Act (1998) require businesses to do?

  Pay staff higher wages
• What is an additional cost associated with the Working Time Regulations (1998, amended 2003)?

  Employ additional staff to cover hours
• What financial obligation does the Pensions Act (2008) impose on businesses?

  Make financial contributions to pensions
• What does the Equality Act (2010) require businesses to do?

  Implement and check processes
• What must businesses ensure under the Consumer Rights Act (2015)?

  Promotional material is accurate
• What does the Data Protection Act (2018) require businesses to do with held data?

  Review and delete unnecessary data
• What are the key acts of legislation affecting businesses mentioned in the material?

  • Health and Safety at Work Act (1974)
  • Consumer Protection Act (1987)
  • Employment Rights Act (1996)
  • National Minimum Wage Act (1998)
  • Working Time Regulations (1998, amended 2003)
  • Pensions Act (2008)
  • Equality Act (2010)
  • Consumer Rights Act (2015)
  • Data Protection Act (2018)