2.5 Legislation

• Match the type of legislation with its description:

  Employment Law ↔️ Relationship between employers and employees

  Health and Safety ↔️ Safe working environments and practices
• What does the Health and Safety at Work Act require businesses to ensure?

  Safe working environments
• Match the regulatory body with its area of regulation:

  1️⃣ Health and Safety Executive (HSE)

  2️⃣ Workplace health and safety

  3️⃣ Advertising Standards Authority (ASA)

  4️⃣ Advertising standards
• Match the legislation with its operational impact:

  Environmental Law ↔️ Higher production costs

  Consumer Protection Law ↔️ Stricter quality control
• What are the two primary impacts of legislation on business activities?

  Operational and strategic
• What type of legislation encourages businesses to develop eco-friendly products?

  Environmental
• Failure to comply with relevant legislation can result in legal penalties, fines, and reputational damage
• The Health and Safety at Work Act requires businesses to ensure safe working environments
• Non-compliance with regulatory body enforcement can lead to fines and reputational damage


  True
• What does the term "legislation" refer to in business studies?

  Laws and regulations
• What does environmental legislation aim to protect?

  The environment
• Match the major UK business law with its purpose:

  Equality Act ↔️ Prohibits discrimination

  Consumer Rights Act ↔️ Safeguards consumer rights
• What is the role of regulatory bodies in enforcing legislation?

  Overseeing and enforcing laws
• Compliance with legislation can help businesses build a competitive advantage.

  True
• Employment law can increase HR costs for businesses due to minimum wage and benefits


  True
• Consumer protection legislation aims to build brand reputation through excellent customer service


  True
• Match the type of legislation with its description:

  Employment Law ↔️ Laws governing employer-employee relationships

  Health and Safety ↔️ Regulations to ensure safe working environments

  Environmental ↔️ Laws protecting the environment

  Consumer Protection ↔️ Legislation safeguarding consumer rights
• What are the major areas covered by UK business laws and regulations?

  Employment, health, safety, environment, consumer rights
• What is the primary role of regulatory bodies in business?

  Oversee and enforce legislation
• Steps in a comprehensive compliance strategy

  1️⃣ Risk Assessment

  2️⃣ Policy Development

  3️⃣ Training and Education

  4️⃣ Implementation and Monitoring

  5️⃣ Audits
• What are the two primary implications of legislation for businesses?

  Ethical and economic
• Businesses must comply with legislation to avoid legal penalties, fines, and reputational damage
• The National Minimum Wage Act is part of employment law
• Failure to comply with UK business laws can result in fines.


  True
• Employment law can increase HR costs
• Compliance with relevant legislation is crucial for businesses to avoid legal penalties, fines, and reputational damage
• Compliance with health and safety legislation may require additional investment in safety equipment and employee training
• What does the term "legislation" refer to in a business context?

  Laws and regulations
• The National Minimum Wage Act is an example of employment law in the UK

  True
• Match the regulatory body with its area of regulation:

  Health and Safety Executive (HSE) ↔️ Workplace health and safety

  Advertising Standards Authority (ASA) ↔️ Advertising standards

  Environment Agency (EA) ↔️ Environmental protection

  Financial Conduct Authority (FCA) ↔️ Financial services
• One benefit of a proactive compliance strategy is minimizing legal risks and penalties