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Ms. Alexander’s Marketing & Ecommerce. Legal & Ethical Issues. Government and Laws. The government plays a significant role in enforcing the free enterprise system and providing for the health, safety, and welfare of its citizens. There are 3 branches of the US Government, the are: Executive
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Ms. Alexander’s Marketing & Ecommerce Legal & Ethical Issues
Government and Laws • The government plays a significant role in enforcing the free enterprise system and providing for the health, safety, and welfare of its citizens. • There are 3 branches of the US Government, the are: • Executive • Legislative • Judicial
General functions of the three branches of government Legislative (House & Senate): creates the laws The Legislature creates new laws each year. The Legislature also decides how much money can be spent in our state. The two leaders of the Legislature are the Speaker of the House and the Senate President. Executive (Governor): carries out and enforces the laws The governor is the head of the executive branch and works with all the state agencies to make sure they carry out the laws passed by the Legislature. For example, police in each law enforcement agency warn, ticket, or arrest people who break the laws. Judicial (Courts): interprets and applies the laws Judges and attorneys tell us what the laws mean. Judges make decisions that protect law-abiding citizens and punish those individuals who break the law. Those who have broken the law may have their privileges taken away, be ordered to pay a fine, or participate in helpful programs, which may include a prison sentence.
Government and Laws • There are 2 federal agencies that protect consumers. • The Food and Drug Administration (FDA) • The Consumer Product Safety Commission (CPSC) • Empl0yment protection at the federal level includes the Equal Employment Opportunity Commission (EEOC) and the Occupational Safety & Health Administration (OSHA)
Government and Laws • The Securities and Exchange Commission (SEC) protects investors • The Environmental Protection Agency (EPA) protects the environment • The Federal Trade Commission (FTC) enforces the principles of a free enterprise system and protects consumers from deceptive business practices
Social Responsibility & Ethics • Socially responsible businesses have policies and programs that address issues in the workplace, marketplace, community, and environment. • Business ethics are guidelines for good behavior. Ethical businesses are community-conscious