Impact of Legislation on Business

Impact of Legislation on Business

Assessment

Interactive Video

Business

9th - 12th Grade

Easy

Created by

Jackson Turner

Used 1+ times

FREE Resource

The video discusses how government legislation regulates business behavior to protect consumers and employees. It highlights the financial and time costs businesses face in complying with laws, such as health and safety regulations and the national minimum wage. The video also explores the consequences of meeting or not meeting legislation, including legal compliance, reputation, and potential fines or business closure.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of legislation in business?

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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