Rules and regulations are important in society. They are needed to make sure things go in a calm and collective manner. Without rules and regulations, society could go into chaos. There are many types of rules and regulations. Each aspect of our lives has some time of rule or regulation. It ranges from written rules for daily one person’s behavior does not negatively affect another person. The law plays a very important role in the day to day operations of a business as well as a society.
These laws can regulate how the daily operations are done as well s provide a guideline in what standards should be placed in the workplace. This could be applied to ethical as well as other standards of business. These rules and regulations are important because it prevents (in many cases) businesses from practicing unethical ways of business. This is important because it can hurt society. There have been cases where society has been hurt because of the practices of a business in their area.
Many of these businesses make their money by providing some sort of goods or services to the community around them. If their practices effects those are tainted in any way, it affects the people who purchase their goods and services. The rules are not Just to help society, but also other companies and small businesses from being hurt. There are a set of rules and regulations that are placed to ensure that companies practice ethical methods to making money. If there were no rules, a large company (with a lot of money) could deal unethically with smaller companies and drive them out of business.
It is important to note that without laws to govern the actions of people and businesses, society would not be able to function effectively, and commerce would likely collapse. It is also important that those who are a part of that business understand the law and is able to conduct their business according to those laws. “Business managers and owners should also be aware of the impact of constitutional laws and protections of individuals and business entities across a broad spectrum of sectors (Fundamentals, pig 26) Although the general functions of law appear to probe rather simple, the United States legal system is actually very complex.
Laws are broken down into several different types. These include constitutions, statutes, common law, administrative regulations and sections, treaties, ordinances, and executive orders. In the company I work for, which is an insurance company, we deal with rules and regulations on the daily basis. We provide insurance for many businesses and so when dealing with them, we have to make sure we are following the rules and regulations of their state as well as the federal government precisely.
The result of breaking these rules can end with civil cases that can cost the company millions of dollars as well as that individual losing their Job and facing monetary loss and Jail time (depending on the violation they are convicted of). When a change occurs, the company is quick to inform their employees of such a change. It is important the employees make note of the change and adjust to that change. The results of how this person or persons are dealt with (who violates these rules and regulations). This is very true in business.
The law can be very simple, but it can be very complicated at the same time. We have all heard of simple cases where a person commits a crime and is punished accordingly. At the same time, we have all heard of cases where a person is accused of a serious crime but is not punished for t. An example of this type of case would the Casey Anthony case. Casey Anthony was convicted and charged of killing her young daughter. Many people thought she was guilty. It was to the shock of many when the Jury found her not guilty.