chapter  18
18 Pages

Government and Legal Issues

ByTeresa Isaac, Bobby Ricks

Business is affected by government in various ways. Governmental legislation dictates how businesses operate. Governmental agencies regulate business by promulgating and enforcing regulation. Even a lawsuit still has governmental influence where courts interpret laws and rules and court decisions are binding on future legal proceedings. It is important for businesses to know how government works as well as knowing the laws and regulations businesses must follow.