INFLEUNCES GOVERNMENT AND LEGAL REGULATION

Question 1

GOVERNMENT POLICIES

Answer 1

political decisions that will impact on business decision making
o In particular how and where operations processes can and will occur.

Question 2

Specific examples of government policies include:

Answer 2

o Taxes (e.g. GST; payroll tax or company tax.)
o Environment and climate change polices
o Workplace relations
o Public health polices

Question 3

These policies can impact operations processes by:

Answer 3

Increasing the costs of certain activities
o Regulating or deterring certain activities and use of inputs
o Setting minimum requirements and regulate the use of human resources
o Determining the standard and layout of facilities and equipment.

Question 4

LEGAL REGULATIONS

Answer 4

Legal regulations are rules of order having the force of law prescribed by an authority who is in charge of an area of business behaviour When businesses meet the laws and regulations in place this is called legal compliance

Question 5

Some significant laws impacting operations include:

Answer 5

significant laws impacting operations include:
o Work health and safety act (2011)
o Fair work act (2009)
o Environment protection and biodiversity conservation act (1999)
o Competition and consumer act (2010)

Question 6

Legal regulations, having the force of the law will impact:

Answer 6

o The types of inputs used by businesses
o The conditions and rights of workers
o The impact of transformation processes
o The standard/quality of final outputs