P & E Regulatory Policy – Flashcards
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How are government regulations established?
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by the executive branch
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What are the purposes of financial regulations? Check all that apply.
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TO MAKE BUSINESS COMPETITIVE to enforce government intervention TO LIMIT AND PREVENT MONOPOLIES to allow businesses to collaborate to ensure only one business can operate TO PLACE REGULATIONS ON PRICES
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An economy that balances government intervention with free enterprise is known as a__________
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mixed market.
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_________is defined as the government requiring businesses to perform specific procedures.
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Regulation
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What happens if regulatory policies for a business are violated?
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Fines and sanctions are applied.
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What does the FCC regulate?
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communications infrastructure
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What element do OSHA and SEC have in common?
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Both create and enforce regulations.
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Which agency is under the authority of the Department of Labor?
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OSHA
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Which president initially proposed the development of the EPA?
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President Nixon
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Which of these laws was created in order to protect consumers?
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product safety laws
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Who does the SEC oversee?
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brokers
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Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?
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automobile emissions
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In a mixed-market economy, the government regulates business _________.
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only when necessary
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A _________ enforces government regulations in a specific area of the economy
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regulatory agency
