Practical Application Scenario:

In both your personal and professional lives, you realize how much government at the federal, state, and local levels influences what you can and cannot do. For example, since your business employs more than 15 people, there are numerous federal statutes dictating the physical condition of the workplace, the amount you must pay your employees, the taxes you owe, and the paperwork you must file with regulatory agencies. At the state level, you know you have to obtain certain licenses to conduct business or to engage in recreational activities, such as fishing. In addition, your local government regulates how you can use the land you own (Reed, et al., 2013).

In light of this multitude of regulatory activity and based on your readings, you ask yourself the following critical thinking discussion questions as they relate to the business community:

• By what authority do governmental entities impose various regulations?
• Is there any limit to the extent such regulations impact our lives?
• How can a business organization challenge the application of regulatory authorities?

Lee, K. (n.d.) Business law (2nd ed.). MyEducator.

Reed, O.L., Pagattaro, M.A., Cahoy, D.R., Shedd, P.J., & Morehead, J.W. (2013).The legal and regulatory environment of business(16th ed.). McGraw-Hill.