Business, 11.10.2020 02:01 ericadawn2852

Why do regulations for business exist?

Answers: 3

Show answers

Answers

Answer from: FireStorm7327

In the explanation. :)

Explanation:

Government regulates business for several reasons. First is public safety and welfare. Many industries are regularly reviewed and overseen because their activities, if they go awry, can have significantly harmful effects to human health, financial well-being, or community structure.

The second reason is protection of industry. Many regulations are in place to protect those who have developed their business correctly; licensing, permits, and inspections by the government weed out undesirables or criminal activities that undercut honest industries.

The third reason is revenue generation. Many programs require certification or licensing that businesses must pay for in order to operate. The funds collected go to pay for the government programs that perform the oversight of the particular industry. However, in many cases, some portion of revenue is also sidetracked to general government purposes and is, effectively, a tax.

20th Century Development

Regulation of business in the 20th century has developed at multiple government levels through the form of commissions. Government departments and agencies are still heavily involved. However, commissions are seen as more responsive, and board members can, in many cases, be from private industry, providing a receptive face to business interests in government. Doing so also provided the government with decisions-makers who intimately understood business issues and how they may conflict with new regulations or changes. This approach also allows for a much cheaper resolution of legal conflicts than taking regulation challenges to the court system through a formal lawsuit.

Deregulation Attempts and Results

Experiments in government in getting out of the business of regulation, i.e. deregulation, have been mixed. In fact, up until the 1970s government was working in the opposite direction with the creation of new agencies at the federal level, such as the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA).

Large-scale deregulation began in the 1980s with the removal of oversight on the airline industry and that of the telecommunications, railroad and trucking industries. Those have generally been successful and still operate, deregulated, today.

Less Impressive Results in Practice

On the other hand, financial deregulation has created bigger problems in business. The loosening of oversight on the savings and loan industry resulted in failure of banks, and left taxpayers to foot the bill for lost account values. In the 2000s, the deregulation of the electricity industry allowed for large-scale gaming of rates for profit-making. The results collapsed entire markets and created social panic of skyrocketing electricity prices based on market floats.

The credit crisis crash of 2008 has again signaled a need for more regulation in business, particularly the finance industry. The fact that a small number of bank units and finance houses could game the real estate and financial investment systems has angered many, enough so that they're calling for new restrictions on such activities.

Conclusion

U.S. governments at all levels rely on business as much for the viability of the country as for the financial support provided. Much of government's tax revenue comes from industries every day. That said, to a business owner or manager the multiple levels of governmental oversight can seem confusing and/or unnecessary. However, this difference of perspective is frequently balanced through hybrids in the form of commissions and boards over a particular industry activity, allowing for both regulation and the relatively free flow of commerce.

Hope this helps. Have a great weekend.

Answer from: Quest

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

Answer from: Quest

borrow money from the government then pay the government back 5k

Another question on Business

Business, 22.06.2019 12:50

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Answers: 1

Answer

Business, 23.06.2019 01:00

Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

Answers: 2

Answer

Business, 23.06.2019 03:20

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)

Answers: 3

Answer

Business, 23.06.2019 16:00

On january 2, 2016, twilight hospital purchased a $94,800 special radiology scanner from bella inc. the scanner had a useful life of 4 years and was estimated to have no disposal value at the end of its useful life. the straight-line method of depreciation is used on this scanner. annual operating costs with this scanner are $106,000. approximately one year later, the hospital is approached by dyno technology salesperson, jacob cullen, who indicated that purchasing the scanner in 2016 from bella inc. was a mistake. he points out that dyno has a scanner that will save twilight hospital $26,000 a year in operating expenses over its 3-year useful life. jacob notes that the new scanner will cost $111,000 and has the same capabilities as the scanner purchased last year. the hospital agrees that both scanners are of equal quality. the new scanner will have no disposal value. jacob agrees to buy the old scanner from twilight hospital for $40,500. if twilight hospital sells its old scanner on january 2, 2017, compute the gain or loss on the sale. prepare an incremental analysis of twilight hospital.