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17 Cards in this Set
- Front
- Back
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Why are there laws in place? |
There are a number of laws thst affect the way businesses can operate. These laws are designed to protect individuals, customers, employees and the environment from the potential negative acts of businesses |
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Describe company law |
Ltd's and Plc's must follow company law which means that the business itself must be responsible for their debts and liabilities as the business is a separate legal entity |
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Describe employment legislation at list the 3 types of employment law |
Employment laws help regulated the relationship between employers and employees. 1. Health and safety leg. 2. Employment rights 3. Anti discrimination leg. Types of anti discrimination: -age discrimination -sex discrimination -sex discrimination -sexual orientation discrimination -racial or belief based discrimination |
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Describe health and safety law (act) |
Employers have a duty to ensure the well being and safety of their employees. Employees have a legal responsibility to ensure that working environments are safe and that employees understand are are trained to deal with the risks that may occur with their job. Employees also have responsibilities, such as making sure they wear protective clothing when needed |
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Describe employment rights legislation |
Makes sure that employees are given a written contract of employment. Contract stores details such as holiday entitlement, levels of pay, right for maternity pay and length of notice pay |
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Describe age discrimination act |
It is illegal in the workplace to make decisions based on the age of employees when considering recruitment. Under this law employees can now decide when they want to retire, rather than having to be 65 |
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Describe racial or belief based discrimination |
It is illegal to discriminate in grounds of colour, race, nationality or ethnicity when considering recruitment |
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Describe sex discrimination act |
It is illegal for employers to discriminate on the basis of a person's sex, or their relationship status. Also illegal to discriminate between men and women in terms of pay |
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Describe sexual orientation act |
It is illegal to discriminate becsause of sexual orientation. This includes orientation towards someone of the same sex, opposite sex or both |
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Describe consumer protection legislation |
This legislation makes it a criminal offence to give untrue or misleading descriptions of goods in regard to their content, weight, size and price. As a result manufacturers and retailers must take care about information provided on packaging or advertisements. Goods must also be of suitable quality and fit for the intended purpose |
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Describe minimum wage legislation |
Introduced in 1999 to boost pay of very low paid workers. Younger workers in low paying industries have benefitted the most. Businesses have to comply with the new rates or face prosecution. Some companies have moved their workforce abroad to avoid this and have a cheaper workforce |
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Describe competition policy |
Focused on controlling the abuse of market power by bug businesses. Monitltored by the Competition and Markets Authority (CMA). Monitors potential takeovers and mergers to check that a monopoly won't be formed. They prevent monopolies so that a business cannot control prices within a market |
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Describe intellectual property law |
Covers the legal rights if individuals and companies in regard to designs, inventions and artistic works. Covers trademark, patent and copyright law |
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Describe trademark legislation |
Designs and artworks can be trademarked, such as labelling, brand logo design and product design. Registered trademarks prevent others from copying. A copy does not have to be exact, only enough to cause confusion in customers |
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Describe patent law |
Covers inventions and gives rights to the inventor or parent owner for a limited period to stop others from making, using or selling an invention without the permission of the inventor or owner |
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Describe copyright law |
Gives the creators of literary, dramatic, musical and artistic works, broadcasts and films the right to control the ways in which their material is used. The law means that it is an offence to copy the work, shown the work in public or adapt the work withoutbthebcinsent of the owner |
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Describe data protection act |
Concerned with how personal data is gathered by organisations, how it is used and how it is kept secure. Large businesses will have a data protection officer who is responsible for meeting the rules of the act: -data is kept for no longer than necessary -data kept up to date and accurate -data is obtained fairly and lawfully -data is only used for specifically stated purposes Businesses that fail to comply can be fined heavily |
