Legal Responsibilities Overview
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Questions and Answers

What is the main purpose of legal responsibilities for businesses?

  • To ensure fair and safe business operations (correct)
  • To avoid paying taxes
  • To eliminate competition
  • To generate more profit for the company

    • How do consumer protection laws, like the Consumer Act, contribute to the business environment?

  • By giving companies the right to disregard consumer complaints
  • By setting standards to prevent companies from mistreating consumers (correct)
  • By allowing businesses to trick consumers for profit
  • By encouraging businesses to harm the environment

    • Which role do environmental laws, such as the Clean Air Act and Clean Water Act, play in business operations?

  • Acting as referees for the environment to prevent harm (correct)
  • Encouraging pollution and unsustainable practices
  • Allowing companies to ignore environmental regulations
  • Providing tax incentives for environmentally harmful activities

    • How does the Corporation Code benefit businesses?

    <p>By acting as a playbook ensuring understanding of rules and transparency</p> Signup and view all the answers

    What is the function of consumer rights under legal responsibilities?

    <p>To protect consumers from unfair treatment and provide avenues for complaints</p> Signup and view all the answers

    Why are legal responsibilities crucial for businesses in relation to investors?

    <p>To protect investors and keep the company on the right path</p> Signup and view all the answers

    What is the purpose of environmental laws in business ethics?

    <p>To ensure responsible and eco-friendly business practices</p> Signup and view all the answers

    Why are consumer protection laws compared to referees in the business game?

    <p>To ensure companies play fairly and don't trick consumers</p> Signup and view all the answers

    What is the significance of treating workers fairly under legal responsibilities?

    <p>It promotes a positive work environment and ethical practices</p> Signup and view all the answers

    How do environmental regulations contribute to sustainability within businesses?

    <p>By promoting eco-friendly practices and addressing pollution concerns</p> Signup and view all the answers

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