Business Regulation A Vital Element of Business

MBA program: University of Phoenix

LAW 531 - Business Law

Corporate responsibility, in areas such as compliance, ethics, and law is very significant to the sustainability and profitability of every organization. These areas have become key factors in many of the day to day business decisions that organizations face. It is imperative that management have a thorough knowledge of business regulation and the laws that surround it, specifically in the industry in which their organization does business. For instance, companies that do business close to lakes, streams, or the ocean, must know what environmental regulations exists that pertain to pollution and toxic waste. The federal government has formed an agency that is responsible for...