ADM 1101 Lecture Notes - Lecture 9: Mutual Fund, Sarbanes–Oxley Act, Fiduciary
22 Nov 2016
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Social context of business - lecture notes - 21/11/2016. No need for government imposed laws or regulation. Government has no interference with the business. Consumer can force companies to behave in a particular way through boycotts ect. Necessary, you cannot trust businesses to regulate themselves. Government provides countervailing power to business by reflecting society"s concerns. Publicly expressed support for a candidate or party. Any attempt that a business does to attempt to influence directly or indirectly government activity. Attempting to influence legislation and regulation, policies, grants/contracts, people appointed to boards and public office. Cost of business lobbying passed onto customers. Opinions on perspectives must be made known to governments if informed decisions are to be made. The real or imagined alleged domination of public policy or government programs by corporations or business organizations in their own best interest. The reduction of influence or impact over the economy allowing for a freer and more efficient marketplace.
