Analyse the implications of government policies for a selected business - Vauxhall

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The government has set many business regulations in place to protect employees' rights, protect the environment and hold corporations accountable for the amount of power they have in this business-driven society. Some of these regulations stand out more significantly than the others because of their relevance to every employee and consumer.

The Safety and Health Act of 1970 ensures that employers provide safe and sanitary work environments through frequent inspections and a grading scale. A company must meet specific standards in order to stay in business. These regulations have changed frequently throughout the years alongside the changing sanitary and workplace standards. In accordance with the 1970 act, employers must provide hazard-free workplaces, avoiding employee physical harm and death, through a number of procedures.

Regulatory laws are standards that affect how businesses operate in specific situations. While most business laws are regulatory in some way, there are several categories of legislation that apply more to certain industries than others. These include environmental laws and building code laws set forth by both the federal government and state governments. There are also regulatory laws for international trade and most types of business licensing.

Labour laws are regulations that pertain directly to how businesses treat employees. These laws include minimum wage regulations, wage garnishment rules and worker protection rules, such as the Migrant and Seasonal Agricultural Worker Protection Act. Labor laws also includes older laws, such as Child Labor Protection acts and Occupational Safety and Health rules. States also have laws for employee insurance and benefit programs.

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Tax laws control how a business must report its financial status to the government. The IRS, for example, specifies many different methods that businesses must use when reporting income and expenses. The accrual method of accounting is required for businesses over a certain size and depreciation schedules must be chosen from a limited number of options, and additional methods have their own regulations. Many of these laws are in accordance with generally accepted accounting principles, but some are notable deviations, such as government-allowed depreciation schedules.

Reporting laws control how businesses must report their finances to investors and the ...

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