ADM 1301 Chapter Notes - Chapter 10: Laissez-Faire, Tax Expenditure, Efficient-Market Hypothesis

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: Daina Mazutis

Document Summary

Consumers can force companies to behave in particular ways by refusing to purchase goods of services through boycotts. Corporate self-discipline regulation: mission, values statement, codes of conduct, or ethics. Necessary, because can"t trust businesses to regulate themselves. Government provides countervailing power to business by reflecting society"s concerns. Yet, criticized for being oppressive, ineffective, costly, rigid, and weakly enforced. The protector of various societal interests against business exploitation. The owner of business enterprises (i. e. canada post) Directly manages (through regulation) large areas of private business activity (communication, energy, etc) Major purchaser of goods and services produced by businesses. Partner with businesses in some endeavors (i. e. mixed enterprises, public-private. Supplier of debt capital to many businesses (i. e. tax expenditures, or tax credits; chosen instrument) Publically expressed support for a particular candidate or party. All attempts to influence directly or indirectly any government activity, and includes any attempt to influence legislatures, their staff members, publically administrators, and members of regulatory agencies.