Describe in some detail three different functions

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Reference no: EM133553355

Homework: Business Finance- Operations Management- Legal Environment

Prior to beginning work on this homework, review Chapter 5 in your textbook and other administrative law resources. This includes U.S. Food and Drug Administration and Federal Trade Commission websites.

You will also need to seek at least two other research sources for this homework, which is as follows:

One of the key areas of business law is the regulation of commercial activities by administrative agencies. In fact, there are so many aspects of a business that are subject to administrative rules and regulations that it is nearly impossible to operate an organization without considering how decision-making would be impacted by these.

Two of the most powerful administrative agencies that regulate business are the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC).

In your paper,

Question I. Explain the primary purpose of the agency (either the FDA or the FTC).

Question II. Describe in some detail three different functions that the agency performs in the regulation of a business or industry.

Question III. Describe three legal cases that the agency has been involved in. You should be able to find these on the agency website. The Westlaw database would also offer another source of research for this purpose.

Question IV. Analyze whether the agency unduly burdens (restricts) or provides adequate protection to business or industry. Note that the answer to these questions might make for an effective thesis statement for this homework.

Reference no: EM133553355

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