Business Finance – Operations Management Week 3 Assignment Legal Environment

 

Prior to beginning work on this assignment, review Chapter 5 in your textbook and other administrative law resources. This includes U.S. Food and Drug AdministrationLinks to an external site. and Federal Trade CommissionLinks to an external site. websites.

You will also need to seek at least two other research sources for this assignment, which is as follows:

One of the key areas of business law is the regulation of commercial activities by administrative agencies. In fact, there are so many aspects of a business that are subject to administrative rules and regulations that it is nearly impossible to operate an organization without considering how decision-making would be impacted by these.

Two of the most powerful administrative agencies that regulate business are the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC).

In your paper,

  • Explain the primary purpose of the agency (either the FDA or the FTC).
  • Describe in some detail three (3) different functions that the agency performs in the regulation of a business or industry.
  • Describe three (3) legal cases that the agency has been involved in. You should be able to find these on the agency website. The WestlawLinks to an external site. database would also offer another source of research for this purpose.
  • Analyze whether the agency unduly burdens (restricts) or provides adequate protection to business or industry. Note that the answer to these questions might make for an effective thesis statement for this assignment.

The Administrative Law paper

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