identify and discuss the advantages and disadvantages of business regulations.

Business & Finance
Tutor: None Selected Time limit: 1 Day

identify and discuss the advantages and disadvantages of business regulations.

Oct 14th, 2015

Thank you for the opportunity to help you with your question!

Advantages:

1.Everyone knows what the rules of the business are, so chances of misconduct is unlikely.

-Once workers understand the rules, it is possible for them to act upon their knowledge and act accordingly to the rules inserted by the business.

2.Create a simple and logical framework of the business.

-Logical framework created by businesses make it easy and possible for the staffto avoid concerning itself with ethical dilemmas. 

Disadvantages:

1.Makes change difficult to implement:

-When working with strict rules, the possibility of change becomes less possible because of the rigid rules already put into place.

2.Limited Framework of decision making. Rules aren't always comprehensive. This lack may lead to limited decision making. The rules may not account for every question arised.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 14th, 2015

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Oct 14th, 2015
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