Discuss below in a 200 words each:
1 Businesses face many regulatory requirements in doing business. Discuss two types of regulations that face a business you are familiar with and indicate what method of managing the legal risk associated with this regulation would work best for the business.
2 What are the basic powers that government agencies possess? Choose a government agency and explain what it does and what the fundamental statutory and constitutional limits are on its exercise of those powers.
Text: Legal Environment of Business, Ch.: Antitrust Law and Unfair Trade Practices
3 Describe the enforcement of federal antitrust laws.
4 Describe the horizontal and vertical restraints of trade that violate Section 1 of the Sherman Act.
5 Identify acts of monopolization that violate Section 2 of the Sherman Act.
6 Explain how the lawfulness of mergers is examined under Section 7 of the Clayton Act.
Text: Legal Environment of Business, Ch: Consumer Protection
7 Describe government regulation of food and food additives.
8 Describe government regulation of drugs, cosmetics, and medicinal devices.
9 Describe the United Nations Biosafety Protocol concerning genetically altered foods.