Regulatory Practices Flashcards
1
Q
What are regulatory practices?
A
This refers to the legislative rules by which people who wish to establish a business be guided by.
2
Q
What are the difference regulatory practices?
A
- monetary and fiscal policies
- consumer protection policy agencies
- government environmental policies
- government combined with self regulation
3
Q
Define monetary and fiscal policies.
A
Government spending the taxes.
4
Q
Define consumer protection policy agencies.
A
To protect consumers from unfair business practices. They are independent.
5
Q
Define government environmental policies.
A
Government create rules to keep the environment clean.
6
Q
Define government combined with self regulation.
A
Trade persons must be licensed to operate.