Egt1 Task 3 Essay

786 Words Feb 20th, 2015 4 Pages
A. Sherman Act (1890) is meant to prevent activities that a business may do that the federal government regulators believe to be anticompetitive. The Act maintains that the federal government is to examine and track trusts, companies, and organizations suspected of being in violation. It was the first federal statute to limit cartels and monopolies. (Sherman Antitrust Act, 2014)
Clayton Act provides clarification to the Sherman Act of 1890. It is meant to encourage competition with businesses within the United States, discourage formation of monopolies, and prohibit price discrimination, price fixing and unfair business practices. (Clayton Antitrust Act, 2014)
Robinson-Patman Act (1936) prohibits a business from selling the same item
…show more content…
Federal Communications Commission handles telephones, television, cable television, radio, telegraph, CB radios, ham operator concerns. State public utility commissions handles electricity, gas, telephones concerns. (McConnell, 2012)
D. Social regulation: Regulates how products and services are made to include physical characteristics, the impact of production on society, and is applied to almost all industries.

E. The Food and Drug Administration (FDA) protects the public’s health by making sure all new drugs for both humans and animals are safe. Not only does the FDA regulate drugs, but they also make sure that make-up, medical equipment, food supply, and anything that emits radiation is safe to the public. If the consumers needed any information on health, the FDA would have the necessary documentation requested. (Government, 2014)

Equal Employment Opportunity Commission (EEOC). The EEOC protects workers from being unfairly treated due to race, religion, sex, or disability. The EEOC provides the necessary training to prevent discrimination in the workforce. This can include discrimination not only in the work place, but also in the hiring process as well. Another example of what the EEOC protects against is harassment whether it be sexual or not. The Occupational Safety and Health Administration (OSHA) provides rules and regulations to protect the working

Related Documents