External Influences-STEEPLE-legal

Question 1

Define national minimum wage

Answer 1

Minimum pay per hour workers of school leaving age are entitled to by law
Reviewed yearly by gov
The rate for each group in the UK is different

Question 2

Define national living wage

Answer 2

A new minimum wage rate for those aged 25 and over

Basically the same as national minimum wage but just a different name

Question 3

What happens if businesses breach any civil laws?

Answer 3

Get fined and reimburse any under payments

Question 4

Define intellectual property

Answer 4

Tangible property that is the result of creativity eg.logos

Question 5

What 2 laws protect intellectual property?

Answer 5

Trademark

Copyright

Question 6

What is trademark?

Answer 6

A law that protects a businesses name,slogan,logo etc. that essentially brand the product
REGISTER FOR IT

Question 7

What is copyright?

Answer 7

Legal protection against copying for authors, composers and artists(including music artists)
AUTOMATIC RIGHT

Question 8

What’s the difference between trademark and copyright?

Answer 8

Trademark has to be applied for-copyright automatically done
Trademarks need to be used(use it or lose it)-copyright doesn’t
Trademark can be renewed-copyright has a finite life span

Question 9

What is the three main principles of the Consumer Right Act 2015/Sale of Goods Act?

Answer 9

Goods should be of satisfactory quality, fit for purpose and match the description

Question 10

What does the Consumer Right Act include?

Answer 10

Customers have the right to complain and ask for money back within 30 days
Customers have the right to complain but might not get money back and instead get a partial refund, repair or replacement after 30 days
Customer has up to 6 years to complain about goods

Question 11

Define a contract

Answer 11

A legally binding agreement between two parties that can be legally enforced

Question 12

What does the Weights and Measures Act(1985)state?

Answer 12

A business must state that the weights of the goods on the packaging are clearly seen

Question 13

What could a breach in the Contract Law result in?

Answer 13

Filed lawsuits and compensation claims

Question 14

What could a breach in the Weights and Measurement Act result in?

Answer 14

Business being fined

Question 15

What does the Data Protection Act control?

Answer 15

Personal information such as customers and employees details stored and used by a business

Question 16

What could a breach in the Data Protection Act result in?

Answer 16

Large fines

Question 17

Why was the Health and Safety Act introduced and what does it include?

Answer 17

To take account of new issues and standards making the business and employees comply with many regulations

Question 18

What could a breach in the Health and Safety Act result in?

Answer 18

Business being taken to court, being fined, dismissal of jobs, prison sentences…

Question 19

What does the Smoking in the Workplace law state?

Answer 19

That workplaces become smoke free environments and indoor smoking rooms aren’t allowed

Question 20

What could a breach in the Smoking in the Workplace law result in?

Answer 20

Possible fines and prosecution, job termination/redundancy/dismissal, disciplinary procedures for employees put in place…

Question 21

When is planing permission needed?

Answer 21

If someone is building something new, making a major change to a building or changing the use of the building
(Get from the local council)

Question 22

What happens if planning remission is needed but not got?

Answer 22

An enforcement notice can be issued to undo all changes made

Question 23

What is the purpose of planning permission?

Answer 23

To ensure safety of others by making the building safe, or if it obstructs the view of others/the boundaries of the property

Question 24

What is the FCA?

Answer 24

Financial Conduct Authority

Question 25

What does the FCA do?

Answer 25

Regulates the markets and how well they work

Question 26

What are the 3 operational objectives of the FCA?

Answer 26

Protect consumers
Protect financial markets
Promote competition

Question 27

What does the FCA educate people on?

Answer 27

Possible mis-information of financial services eg.PPI(payment protection insurance)