Business Regulation (Leaving Cert Business): Flashcards

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Business Regulation
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Definition of business regulation

Rule/guideline by govt to control business behaviour

Internal regulation meaning

Business controls own behaviour without external pressure

External regulation meaning

Outside bodies control business via laws & requirements

CRO role

Handles company registration & ensures company law compliance

CCPC role

Promotes competition & protects consumers

HSA role

Regulates workplace safety standards

Revenue Commissioners role

Manages tax collection & compliance

EPA role

Monitors & regulates environmental impact

Statutory powers meaning

Legal authority granted by govt to enforce rules

Four key areas of business regulation

Finance, employment, health & safety, environmental

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