Regulatory Policy Answers

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1
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Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?

p
prescription safety
a
automobile emissions
c
credit card interest rates
p
power tools used in factories
2
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What must businesses do in order to comply with financial regulations and laws?

A
report their revenue and earnings to the government
B
disclose information about sales with the media
C
report details of advertising revenue to managers
D
disclose product details to the competition
3

Which agency is under the authority of the Department of Labor?

A
SEC- U.S. Securities and Exchange Commission
B
OSHA- Occupational Safety and Health Administration
C
EPA- United States Environmental Protection Agency
D
FDA- Food and Drug Administration
4

How are government regulations established?

C
Citizens agree on new regulations through annual elections.
S
Specialized executive agencies respond to a new policy by creating regulations.
B
Business owners agree to create regulations to better compete with one another.
T
The courts establish regulations in response to unfair business practices.
5

What do OSHA and the SEC have in common?OSHA- Occupational Safety and Health AdministrationSEC- U.S. Securities and Exchange Commission

B
Both operate independently.
B
Both are overseen by the Bureau of Labor.
B
Both create and enforce regulations.
B
Both focus on protecting employee finances.
6

What are the roles of the FCC in the US?FCC- Federal Communications CommissionChoose three answers.regulating the country’s communications infrastructureensuring communication technology is compatible with existing technology establishing safety standards for pesticides and other chemicalsassigning frequencies to television, radio, cable, and satellite providersbringing civil suits against individuals or businesses for breaking security lawsinvestigating complaints, inspecting workplaces, and imposing penalties

A
regulating the country’s communications infrastructure
B
ensuring communication technology is compatible with existing technology
C
establishing safety standards for pesticides and other chemicals
D
assigning frequencies to television, radio, cable, and satellite providers
E
bringing civil suits against individuals or businesses for breaking security laws
F
investigating complaints, inspecting workplaces, and imposing penalties
7

RegulationMonopolyRevenue

A
Regulation
B
Monopoly
C
Revenue
8

What happens if regulatory policies for a business are violated?

N
New business rules are created.
S
Safety classes are mandated.
A
Additional inspections are required.
F
Fines and sanctions are applied.

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