Regulatory Agencies and Liability Concerns
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This paper describes a fictional company buyout, and how the new managing corporation must comply with government regulations or face liability. The roles and responsibilities of several government agencies are discussed. These include the Federal Trade Commission (FTC), the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA). The paper also argues that an ethical code of conduct at a corporation should reflect the policies of government agencies. The paper concludes that continued education of employees and use of industry examples can reinforce the operational and ethical conduct of an entire staff.
From the Paper:"The Federal Trade Commission did research on price scanner accuracy and found that while the majority of inaccuracies resulted in underpriced products, a slightly lower amount of units were also found to be overpriced in relation to the advertised prices on the shelf (FTC, 1996). The results of the study concluded that the majority of problems were the result of not malicious intent but rather carelessness or inattentiveness. Eventually, if the problem is significant enough, the company can face fines if they do not take steps toward making a conscious effort toward change and improvement. When a company that has problems with scanner pricing accuracy, they can ask their trade associations and wholesalers to set up a monitoring program."
Sample of Sources Used:
- Allen, S. (2010). Osha regional news release. Retrieved July 29, 2010, from http://www.osha.gov/pls/oshaweb/owadisp.show_document?p_table=NEWS_RELEASES&p_id=17583
- Bary, D. (2010). Texas company fined $128,300 for violating federal pesticide law. Retrieved July 29, 2010, from http://yosemite.epa.gov/opa/admpress.nsf/ab2d81eb088f4a7e85257359003f5339/da6febc8dec414018525770500656e20!OpenDocument
- FTC. (1996). A report on the accuracy of checkout scanners. Retrieved July 29, 2010, from http://www.ftc.gov/reports/scanner1/scanners.shtm
- OSHA. (2010). United states department of labor: occupational safety and health administration. Retrieved July 29, 2010, from http://www.osha.gov/
- Tampa Bay Business Journal. (2010). Life lock settles false advertising action for $11m. Retrieved July 29, 2010, from http://tampabay.bizjournals.com/tampabay/stories/2010/03/08/daily26.html
Cite this Term Paper:
Regulatory Agencies and Liability Concerns (2010, October 21) Retrieved August 08, 2020, from https://www.academon.com/term-paper/regulatory-agencies-and-liability-concerns-144966/
"Regulatory Agencies and Liability Concerns" 21 October 2010. Web. 08 August. 2020. <https://www.academon.com/term-paper/regulatory-agencies-and-liability-concerns-144966/>