Construction workers and factory employees aren't the only ones who work with potentially dangerous equipment; physicians use X-ray machines, restaurant cooks use hot stoves, and policemen use guns. If every so often you neglect to empty the coffee filter or forget to restock the copy machine with paper, your boss will likely overlook the offense. All government regulations on business require companies to comply with federal, state, and local statues and regulations administered by legislative bodies and carried out by regulatory agencies. Different types of regulations for business include those imposed by government, the market i.e. Due to laws that protect individual rights, employers take sexual harassment very seriously, and refusal to follow harassment regulations could cost you your job. In these units, employees are paid very low rate and also they are forced to work for long hours under bad conditions (of health and safety like extremely hot temperature). Rules and regulations can help keep workers safe and prevent harm for business and industrial practices. The business community has generally opposed laws, regulations, or tax levies that it thinks impede its operations and profitability. The most important reason for following company rules and regulations is personal safety and the safety of your clients and co-workers. Rules of order: Rules of order are written rules of procedure for conducting meeting business in an orderly manner and the meeting-related duties of the officers. but on the other hand they also sometime tend to be unnecessary and add to the cost of doing business. For example, if restrictions on factory emissions are not imposed, man… Along with advantages, there are also some drawbacks of regulations. Refusing to follow rules about designated smoking areas, break room use and inappropriate language might result in suspension or termination. Some countries tend to have weaker implementation of regulation mostly the developing countries due to which some companies exploit this situation and establish their businesses in these countries as they would have to comply with lower level of regulation. You have entered an incorrect email address! Some regulations impact the ways in which businesses report income and pay taxes; others regulate how they dispose of their excess materials or waste. Bylaws are established in a single document of interrelated rules. Therefore, some regulation should be standardized worldwide in order for them to be effective. They can also ensure that companies compete in a fair manner. Regulations can help ensure that businesses do not collude to raise prices. For example, if your bank teller drawer comes up short but you've carefully followed procedures and recorded every transaction, then your boss will know it was a mistake in the processing center. When you weigh the different priorities in your business, you realize that you could spend endless hours creating rules for employees, providing them … Bylaws: The bylaws are fundamental rules that define your organization. When rules are used in the right way they provide a stable environment and human co-existent in a country, which leads to peace and development. The most important reason for following company rules and regulations is personal safety and the safety of your clients and co-workers. Obeying rules that govern employee conduct make the workplace a more pleasant and enjoyable environment. One important reason to establish business ethics laws and regulations is because many companies are multinational corporations and have employees or deal with manufacturers or suppliers in countries … A common argument against overregulation and … Advantages and Disadvantages of Business Regulations, Complexity in the Nature of Human Social Interactions, Best Medical Achievements that can Revolutionize the Humankind, Google Coaches its Employees by the Most Qualified Tutors, Article Analysis: Repatriation after Global Assignments: Current HR Practices and Suggestions for Ensuring Successful Repatriation, Effect of Chinese Currency Fluctuations on U.S. Exchange.

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