BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Are common laws
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Have passed through the legislature
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Are issued by agencies of the government
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Are based on customs
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Detailed explanation-1: -Regulatory agencies are defined as governmental or quasi-governmental bodies that establish, monitor, and enforce laws within their area of responsibility. In most cases, a regulatory agency is created by a legislature to enforce or implement laws that have been passed and signed into law.
Detailed explanation-2: -These include the Federal Aviation Administration, the Federal Trade Commission, the Securities and Exchange Commission, the Food and Drug Administration, the Occupational Safety and Health Administration, and the Bureau of Alcohol, Tobacco and Firearms.
Detailed explanation-3: -A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regulating capacity.
Detailed explanation-4: -The regulatory role of the government involves formulating and implementing various direct and indirect measures to monitor and regulate the economic activities of the private sector.