SGMA 217 Chapter 1: Chapter 1 Textbook notes

• School: University of Calgary
• Department: Strategy and Global Management
• Course: SGMA 217
• Professor: Norman Althouse

Document Summary

Political environment: governments" impact on business: canada has three levels of government: federal, provincial or territorial, and municipal, monetary policy is the main tool that the government uses to regulate canada"s financial system. Provincial and territorial governments-protecting rights: responsibilities, administration of labor laws: education, health and welfare, civil rights, natural resources and environment. Municipal governments-delivering the services: deliver services as water, sewer, and waste collection; use bylaws to regulate business operation. The audit system: the auditor is independent of the government and performs duties like, ensures management"s information is reliable and complete, makes recommendations to improve systems and practices. Identifies opportunities for improving control for and use of public resources. The governments" other roles: tax agent, regulator, provider, customer, competitor. Governments as tax agents: collects taxes and redistributes, financial support for transfer payments, canada health transfer, canada social transfer, equalization program: addresses financial disparities to ensure proper service provision.