What is the primary purpose of legislation in business?

Impact of Legislation on Business

Interactive Video
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Business
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9th - 12th Grade
•
Easy

Jackson Turner
Used 1+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To promote international trade
To reduce government intervention
To regulate business behavior and protect stakeholders
To increase business profits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a time cost associated with legislation compliance?
Paying higher wages
Producing necessary documents
Purchasing new equipment
Expanding business operations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does PPE stand for in the context of workplace safety?
Public Policy Enforcement
Professional Performance Evaluation
Product Price Estimation
Personal Protective Equipment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the national minimum wage impact businesses financially?
It decreases operational costs
It increases the cost of goods sold
It raises the wage expenses for businesses
It reduces the need for employee training
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of complying with legislation for businesses?
Reduced product quality
Improved reputation with customers and employees
Increased tax obligations
Higher operational costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might businesses consider the cost of compliance worthwhile?
It allows for tax evasion
It ensures employee safety and satisfaction
It reduces the need for marketing
It decreases production costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can happen to a business that does not comply with legislation?
It can expand its market share
It can receive government subsidies
It can reduce its workforce
It can face fines and legal action
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