STEEPLE legal factors

Question 1

What is the national minimum wage?

Answer 1

The national minimum wage per hour of workers of school leaving age are entitled to by law and is reviewed yearly by the government.

Rate of each age group varies

Question 2

What is the national living wage?

Answer 2

The new minimum wage rate for those aged 23 and over

Question 3

What are the consequences of breaching national minimum wage?

Answer 3

Fines

Reimburse any underpayments

Question 4

What will complying with the minimum wage do?

Answer 4

Lead to avoidance of bad publicity which may deter future customers + employees from the business

Question 5

What is intellectual property?

Answer 5

Intangible property that is the result of creativity eg a song melody

Question 6

What is a trademark?

Answer 6

A company can register a trademark for its business name, slogans, labels and other items that essentially brand the company

Question 7

What is copyright?

Answer 7

Legal protection against copying for authors, composers or artists

Question 8

What is the difference between trademark and copyright?

Answer 8

Copyright = automatic right, trademark = have to apply for it
Copyright = expires, trademark = can be renewed indefinitely 
Copyright = don’t have to use it, trademark = have to use it ‘use it or loose it basis’

Question 9

What can copying the work of others without permission lead to?

Answer 9

Financial implications like compensation and royalties

Question 10

What is planning permission?

Answer 10

Seeking permission to build/ make changed to a property of building from local authority.

Question 11

Why does planning permission exist?

Answer 11

To be fair to local community

Question 12

What happens if planning permission isn’t sought?

Answer 12

May have to demolish construction at own cost

Question 13

What is the consumer rights act?

Answer 13

3 main principles:

1) product of satisfactory quality
2) fit for purpose
3) as described

Question 14

What does a customer have within 30 days?

Answer 14

To reject and ask for refund.

Entitled to repair, refund or replacement

Question 15

What right does a customer have after 30 days?

Answer 15

Can still complain but may only get partial refund, repair or exchange

Question 16

What is the principle of the climate change act?

Answer 16

To reduce greenhouse gas emissions and set emission reduction targets the UK must comply with.

Question 17

What was the original emission target by 2050?

Answer 17

80%

Question 18

What is the new target for emissions?

Answer 18

Net zero by 2050

Question 19

What are ways the UK emission target can be met?

Answer 19

Use electric cars
Make homes more energy efficient
Reduce meat consumption

Question 20

Why does environmental legislation exist?

Answer 20

To address pollution
Protect human health
Support continued growth of economies

Question 21

What is the clean air act?

Answer 21

Aims to tackle and reduce pollution

Question 22

What is the anti-money laundering act?

Answer 22

1) criminal aim to deceive/ corrupt accountants and solicitors to help them launder money
2) professionals who are targeted should comply with anti money laundering act to protect their reputation
3) professional should look out for inconsistencies in money, suspicious amount of funds, discrepancies in transactions

Question 23

What types of businesses must register with anti money laundering scheme?

Answer 23

Any business In the financial sector eg estate agents, accountancy’s

Question 24

What is the purpose of anti money laundering scheme?

Answer 24

To put pressure on professionals to report suspicious activity and bring criminals to criminal justice