Legislation

Question 1

Regulation -

Answer 1

• can control and limit their ability to charge high prices and to generate max profit

Question 2

Infrastructure -

Answer 2

• refers to physical and organisational structure required to allow both society and an economy to operate effectively

Question 3

Employment protection (2)

Answer 3

1. Individual labour law
2. Collective labour law

Question 4

Individual labour law -

Answer 4

• legislation relates to the rights and obligations of individual employees

Question 5

Collective labour law -

Answer 5

• covers the activities of trade unions and the conduct of industrial relations

Question 6

Minimum wage -

Answer 6

• minimum amount of money the employers are required to pay their workers in hour

Question 7

Value added tax -

Answer 7

• consumption tax because it is borne ultimately by the final consumer

Question 8

Legislation -

Answer 8

• regulations government enforces on business

Question 9

Fair trade -

Answer 9

• trading ethically

Question 10

M - commerce -

Answer 10

• trading using mobile devices

Question 11

United Nations climate conference -

Answer 11

• international climate meeting held every year; purpose: commit all signatory nations to formulae, implement, publish and update measures to prepare for impacts of climate change

Question 12

Unfair dismissal -

Answer 12

• termination of worker’s contract without a legal reason

Question 13

Dismissal reasons (4)

Answer 13

1. Redundancy - where job no longer exists
2. Gross misconduct - theft from employee/violent behaviour
3. Failing to carry out duties in satisfactory manner
4. Substantial reason - end of temporary contract

Question 14

Health and safety legislation (2)

Answer 14

1. Protect workforce
2. Illuminate dangerous situations

Question 15

Environmental legislation (2)

Answer 15

1. Protected by law (environmental protection act 1991; environment act 1995)
2. International laws
   - climate change
   - air, water, land pollution
   - waste management
   - protection of nature
   - noise pollution

Question 16

Legal environment and decision making (2)

Answer 16

1. Type of business
2. The nature of legal change
   => long-term changes

Question 17

Ethical behaviour -

Answer 17

• regarded as being morally correct, such as using sustainable sources of supply for resources used in production

Question 18

Impact of technology on lifestyle/buying behaviour (3)

Answer 18

1. High expenditure on technology
2. More information on goods online
3. Information on business behaviour

Question 19

Health and well-being (3)

Answer 19

1. Healthier foods
2. Sport
3. Weight loss
   => higher expenditure

Question 20

Consumer confidence (3)

Answer 20

1. Threatened the survival of banks
2. Employment recovered
3. People focus on repaying debts

Question 21

Impact of technology (4)

Answer 21

1. Businesses developing new products to meet needs
2. Businesses have to be increasingly aware of protecting their image and reputation
3. Functional decisions to establish and expand social media teams to carry out these duties are essential for businesses
4. Apologising/compensating/explaining on social media for unsatisfactory behaviour