Question

Are the antitrust laws established in the late1800s and early 1900s still pertinent in the twenty-first century? Why or why not?

How does the Federal Trade Commission protect consumers?

List and briefly explain the laws that protect people in the workplace?

What licenses are required by the owner of a small business?

Compliance with government regulations is sometimes burdensome for small business owners; what can they (and you) do to change the laws and regulations that influence small business in order to lessen the burden?

Answer 1

Are the antitrust laws established in the late1800s and early 1900s still pertinent in the twenty-first century? Why or why not?

We will like to assume that antitrust laws would remain relevant legislation well into the future, even though they were written a century ago, as they protect and sustain balanced competition by preventing a large company from acquiring an undue size advantage. Such rules became the legal foundation for Microsoft's alleged dissolution by the Justice Department.

How does the Federal Trade Commission protect consumers?

The FTC governs and ensures that there is competition between companies. The FTC has the authority to compel businesses to alter or suspend unethical or unlawful activities to the extent that it may close down a company. The FTC also protects customers by setting and upholding the quality and warnings on product labels. This controls ads, ensuring that people can trust advertisements fairly. The FTC has the greatest jurisdiction of any regulatory body concerned with small enterprise.

List and briefly explain the laws that protect people in the workplace?

Throughout recent years, several regulations have been passed to protect employees and offer fair care at work. The statutes cited in the document include 1963's Equal Pay Act, 1964's Civil Rights Act, 1986's Immigration Reform and Control Act, 1990's Americans with Disabilities Act, 1993's Civil Rights Act, 1993's Family and Medical Leave Act, and 1970's Occupational Safety and Health Act that established the Occupational Safety and Health Administration.

What licenses are required by the owner of a small business?

Small business owners would need state tax numbers, company I d numbers, and special licenses if necessary at state level for their particular form of business. Locally, criteria for business licenses differ greatly. Small business owners can consult with local government bureaus such as city clerk and treasurer offices. They need a government Workplace I d Number.

Compliance with government regulations is sometimes burdensome for small business owners; what can they (and you) do to change the laws and regulations that influence small business in order to lessen the burden?

Any of the more daunting small business regulations aren't the large, federal ones like OSHA or ADA. These are city and municipal concerns such as the form and scale of signs allowed, or what sort of company should be where. You can change these things by applying to city authorities about what's known as a difference.

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