A28. Legal Factors Affecting Business

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Task 1

  • What is Organizational Law?  

Organizational law refers to the different ways in which a company can be legally formed; there are different classifications, e.g. corporations, but all must respect state laws which indicate their rights and obligations.

  • What does Employment Law refer to? 

Employment law is a set of legal norms that regulate the relationship between employers and employees, in which the rights and obligations of both parties are indicated.

  • How are Consumer laws defined?  

These are state, federal and local laws that protect consumers from goods and services that do not meet the requirements to be on the market, such as defective products. 

People who are knowledgeable about consumer laws can be on the lookout for fraud and scams. 

  • What is Securities Law?  

Securities laws are the laws and regulations governing financial instruments such as stocks, mutual funds, and bonds. These rules are designed in part to prevent fraud, insider training, and market manipulation

  • What does Health and Safety at the Workplace refer to?  

Occupational health and safety refers to programs and procedures that provide for the safety, welfare and health of all employees. Its main objective is to create a safe working environment and reduce the risk of accidents in companies. 

  • What is Taxation? 

Taxes are fees paid to the state, which support public expenses. These payments are mandatory and may vary depending on the type of person you are, whether you are an individual or a legal entity.


Mayra Dallana Hernández Corona

Comments

  1. Giselle Rivas AlcantarJanuary 6, 2022 at 3:01 PM

    I think it's essential that every company is 100% committed to providing employees with the correct Health and Safety at the Workplace. Employees need to feel that their well-being is in the interest of the company.

    ReplyDelete
  2. Ekateryna CalderónJanuary 6, 2022 at 3:27 PM

    I think the reason consumer laws are so important is because they help to make sure that customers are aware of what they are buying and in consequence good businesses grow as well

    ReplyDelete
  3. Sophia MoralesJanuary 6, 2022 at 3:36 PM

    The health and safety section seems very interesting to me, as it is essential for workers, since everyone has the right to work with integrity and dignified, where their rights and situations are taken into account within the company.

    ReplyDelete
  4. Daniela RodríguezJanuary 6, 2022 at 4:26 PM

    Health and safety is very important nowadays because in addition to helping employees work better, it guarantees their dignity as people.

    ReplyDelete

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