Business Legislation and Employee Safety

What is one of the primary reasons governments use legislation to regulate business behavior?

• To increase government revenue through taxes.

• To prevent businesses from exploiting people.

• To encourage monopolies and market dominance.

• To reduce competition among businesses.

According to the video, what are the two main types of costs businesses might incur when following legislation?

• Marketing costs and production costs.

• Financial costs and time costs.

• Research costs and development costs.

• Operational costs and administrative costs.

Which of the following is an example of a time cost a business might face due to new legislation?

• Purchasing new machinery.

• Paying higher wages to employees.

• Giving employees time off for training.

• Advertising new products.

What does PPE stand for in the context of health and safety legislation?

• Public Protection Equipment.

• Personal Performance Enhancement.

• Professional Practice Ethics.

• Personal Protective Equipment.

What is the employer's responsibility regarding PPE for their employees?

• To advise employees to purchase their own PPE.

• To ensure employees have access to necessary PPE.

• To reimburse employees for PPE purchases.

• To provide a discount on PPE for employees.

Why might a business consider the cost of providing PPE and training to be worthwhile, despite the expense?

• It guarantees increased profits.

• It ensures employees stay safe.

• It reduces the need for insurance.

• It attracts more customers directly.

Besides the cost of the training course itself, what other financial expenses might a business incur when sending employees for training?

• Marketing and advertising fees.

• Overnight stays, travel, and food expenses.

• Product development costs.

• Utility bills and rent.

How does the National Minimum Wage typically vary?

• By the type of industry.

• By the employee's age.

• By the business's size.

• By the employee's experience level.

What happens to a business's costs if the National Minimum Wage rises?

• Their costs decrease.

• Their costs remain unchanged.

• Their costs increase.

• Their costs are subsidized by the government.

What is one positive consequence for a business that meets legislation?

• It guarantees a monopoly in the market.

• It ensures they stay within the law and avoid penalties.

• It allows them to pay lower wages.

• It eliminates all business risks.