1.5.3 Legislation and Business

• Legislation is important for businesses as it protects consumers and employees.


  True
• Match the type of legislation with its purpose:

  Environmental Regulations ↔️ Limits pollution and promotes sustainability

  Consumer Protection Law ↔️ Ensures product quality and safety

  Competition Law ↔️ Prevents monopolies and anti-competitive behavior
• Environmental Regulations aim to limit pollution and promote sustainable business practices
• Complying with relevant legislation is crucial for businesses to operate legally and ethically
• Complying with business-related legislation is optional for ethical operations.

  False
• Consumer rights are legal entitlements that protect buyers
• Employment Law regulates the relationship between businesses and their employees
• Match the employment legislation with its purpose:

  Minimum Wage Laws ↔️ Establishes a minimum hourly rate

  Working Hours Regulations ↔️ Limits maximum working hours

  Health and Safety Regulations ↔️ Mandates safe working environment

  Anti-Discrimination Laws ↔️ Prohibits unfair treatment
• Legislation like environmental protection laws encourages responsible business conduct.


  True
• Employment Law regulates hiring, working conditions, and employee rights
• Employment Law regulates hiring, working conditions, and employee rights
• Consumer Protection Law ensures products and services meet quality and safety standards
• Consumer Protection Law ensures products and services meet quality and safety standards.

  True
• Consumer rights protect buyers against unfair or deceptive practices
• The consumer right to information requires access to clear product details
• What is one example of a company upholding consumer rights?

  Providing comprehensive ingredient lists
• What do minimum wage laws establish?

  Minimum hourly rate
• Match the employment legislation with its purpose:

  Minimum Wage Laws ↔️ Establish minimum hourly pay

  Working Hours Regulations ↔️ Limit maximum work hours

  Health and Safety Regulations ↔️ Ensure safe working environment

  Anti-Discrimination Laws ↔️ Prohibit unfair treatment
• Businesses that fail to comply with health and safety regulations can face fines and legal consequences.


  True
• Legislation helps businesses maintain ethical and responsible practices.

  True
• Match the type of legislation with its purpose:

  Employment Law ↔️ Regulates working conditions

  Consumer Protection Law ↔️ Ensures product safety

  Environmental Regulations ↔️ Limits pollution
• Steps businesses should take to comply with legislation

  1️⃣ Understand the relevant laws

  2️⃣ Develop compliance policies

  3️⃣ Train employees

  4️⃣ Monitor compliance regularly
• Legislation ensures fair competition in the marketplace


  True
• What is the primary purpose of Employment Law?

  Regulate employee rights
• Tax Law determines business tax obligations and compliance
• Consumer protection law ensures products and services meet quality and safety standards
• Tax law determines a business's tax obligations and compliance requirements
• Match the consumer right with its description:

  Right to Safety ↔️ Ensuring products are safe to use

  Right to Information ↔️ Access to clear product details

  Right to Choice ↔️ Freedom to select from variety

  Right to Redress ↔️ Compensation for damages
• Employment law regulates the relationship between businesses and their employees.


  True
• Complying with employment laws is crucial for businesses to maintain a positive and ethical workplace
• Businesses must document and investigate workplace accidents as part of accident reporting requirements
• What does legislation refer to in the context of business operations?

  Laws and regulations
• Which type of legislation encourages ethical business practices such as environmental protection?

  Environmental regulations
• What is the first key step businesses should take to ensure compliance with legislation?

  Identify applicable legislation
• What type of professional advice should businesses seek to stay updated on new laws and regulations?

  Legal and regulatory
• What is one type of penalty businesses may face for failing to comply with employment laws?

  Financial penalties
• Match the government regulatory body with its responsibility:

  Employment Agencies ↔️ Enforce labor laws and worker protection

  Consumer Protection Agencies ↔️ Ensure product safety and ethical practices

  Environmental Agencies ↔️ Monitor pollution and sustainable practices

  Competition Authorities ↔️ Prevent monopolies and anti-competitive behavior
• What type of business legislation requires businesses to adopt more sustainable practices?

  Environmental regulations
• What does the term "legislation" refer to in a business context?

  Laws and regulations
• Employment Law regulates hiring, working conditions, and employee rights