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.

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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
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3
Q

Define monetary and fiscal policies.

A

Government spending the taxes.

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4
Q

Define consumer protection policy agencies.

A

To protect consumers from unfair business practices. They are independent.

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5
Q

Define government environmental policies.

A

Government create rules to keep the environment clean.

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6
Q

Define government combined with self regulation.

A

Trade persons must be licensed to operate.

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