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Handling Government Regulations

Handling Government Regulations. Section 8.2. Laws That Affect Employees. Small and large businesses are affected by the laws of federal, state, and local governments. Many laws affect hiring, firing, and paying of employees. Laws Against Discrimination in Hiring.

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Handling Government Regulations

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  1. Handling Government Regulations Section 8.2

  2. Laws That Affect Employees • Small and large businesses are affected by the laws of federal, state, and local governments. • Many laws affect hiring, firing, and paying of employees.

  3. Laws Against Discrimination in Hiring • Equal Empoyment Opportunity Commission (EEOC) – government agency charged with protecting the rights of employees. • Employer cannot refuse to hire, promote, or give pay increases to an employee based on age, race, national origin, gender, or physical challenge.

  4. Child Labor Law • Protects young workers • Persons under 18 cannot work in hazardous jobs • Person younger than 16 are restricted to hours and times they can work. • Youths under 14 may work only certain jobs. Examples: delivering newspapers, motion picture, theatrical performances

  5. Laws Against Wrongful Termination • Employees have the right to sue his or her employer for damages if he or she is terminated for an unacceptable reason.

  6. More Laws that Affect Employees • Sexual Harassment • Americans With Disabilities Act • Family Medical Leave Act • Laws Requiring Equal Pay for Equal Work • Laws Requiring Fair Labor Standards • Laws Requiring Workplace Safety and Health

  7. Laws that Regulate Trade • Laws were created to preserve competition and fairness in the marketplace. • Price Discrimination: charging of different prices for the same product or service in different markets or to different customers. Clayton Act of 1914 Robinson-Patman Act of 1936

  8. Consumer Protection Laws • The Food and Drug Administration (FDA)-researches and tests new products and inspects the operations of food and drug manufactuerers. • Consumer Product Safety Commission (CPSC)-serves as a watchdog for consumers over products that may be hazardous.

  9. Consumer Protection Laws cont…. • The Fair Packaging and Labeling Act- requires manufacturer labels truthfully list all ingredients and raw materials used in production.

  10. Uniform Commercial Code (UCC) • Group of laws that regulates commercial business transactions • Warranty of Merchantability- guarantee about the quality of goods or services purchased that is not written down or explicitly spoken.

  11. Truth in Advertising Laws • Misleading ads- ads should not mislead customers about what your product can do. • Sale Prices- you can not offer a reduced price on your product unless it is offered at the regular price for a period of time.

  12. Truth in Advertising Laws cont…. • Price Comparisons- Cannot use list price as your comparison price unless your product has sold for that amount. • Bait and Switch- an illegal way of selling that involves advertising a product at a very low price in order to attract customers who are then persuaded to switch to a more expensive product.

  13. Tax Laws • Sales Tax • Payroll Taxes • FICA (Federal Insurance Contribution Act • Social Security • Federal Unemployment Tax- to help workers who are temporarily unemployed. • Business Income Taxes- businesses are required to pay federal and possibly state and local taxes on the income it earns.

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