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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?

By acting as a playbook ensuring understanding of rules and transparency (B) Signup and view all the answers

What is the function of consumer rights under legal responsibilities?

To protect consumers from unfair treatment and provide avenues for complaints (B) Signup and view all the answers

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

To protect investors and keep the company on the right path (B) Signup and view all the answers

What is the purpose of environmental laws in business ethics?

To ensure responsible and eco-friendly business practices (B) Signup and view all the answers

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

To ensure companies play fairly and don't trick consumers (A) Signup and view all the answers

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

It promotes a positive work environment and ethical practices (C) Signup and view all the answers

How do environmental regulations contribute to sustainability within businesses?

By promoting eco-friendly practices and addressing pollution concerns (C) Signup and view all the answers