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Business Finance

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First thing, I want you to do before you write the 150 words comment on that paper. Read those instructions and follow them.

You must answer the questions thoroughly and cite all relevant assigned readings for those attachments (using APA format).

DO NOT refer to or incorporate information from extremely unreliable sources (e.g., Wikipedia, TMZ, and The Onion).

Posts must be well written, free of grammatical errors, relevant to the topic, and demonstrate critical thinking and analysis. Postings are defined as more than simply stating “I agree,” or “good answer,” but includes. WHY you agree/disagree or why you think it is a good answer or not.

Required readings:

• Friedrichs, D.O. (2010). Trusted criminals: White-collar crime in contemporary society. (4th Ed.). Belmont, CA: Wadsworth.

• Other articles and websites – as linked via BlackBoard

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Bamiroda According to our textbook, because of the complex, often interjurisdictional character of much whitecollar crime, federal agencies have played a much larger role in the investigation of these crimes than local police agencies. On the other hand, regulatory agencies have three basic functions: rule making, administration, and adjudication. The following three federal regulatory agencies are as follows: 1.Food and Drug Administration (FDA) 2.Federal Trade Commission (FTC) 3.Environmental Protection Agency (EPA)These federal regulatory agencies often find themselves contending with countervailing PR regulatory and antiregulatory forces, make them shifting from one to another in order to survive. This forces or factors are complex and ranging from political pressure to professional pride to personal greed. Food and Drug Administration (FDA)The FDA currently regulates, inspects, monitors, tests, and develops guidelines for a wide range of products as follows: a) Foods, b)Drugs, c) Cosmetics, d) Medical devices, e) Vaccines, Blood & Biologics, f) Animal & Veterinary, g) Radiation-Emitting Products, h)Tobacco Products In many cases, the manufacturer actually conducts the tests, and the FDA has no direct control over this testing process. FDA inspectors are authorized to inspect any plant that produces products falling under the agency’s jurisdiction. The Office of Combination Products (OCP) issues classification and jurisdiction assignments for human medical products. The classification of a product determines the type of a product (drug, device, biological product, or combination product). Jurisdiction determines the FDA Center or Lead Center (CBER, CDER, or CDRH) that will regulate the product. The FTC’s jurisdiction Any changes to Section 5 of the Federal Trade Commission Act could also affect the law in many states which have adopted "little FTC Acts" modeled on the federal law. Forty-nine states and the District of Columbia have enacted statutes more or less like the FTC's to prevent deceptive and unfair trade practices. In many of the states, these "little FTC Acts" track the FTC Act's exact language, and several states either by statute or court decision also provide that Commission cases shall be used in interpreting the scope of state law. The FTC Act has prohibited "deceptive acts or practices" since 1938, and during the ensuing 44 years there have been hundreds of administrative and judicial decisions construing that term. Even before the 1938 Wheeler Lea Amendments added jurisdiction over deceptive practices to the FTC Act, a large body of common law had developed the concept of false, deceptive or misleading trade practices. And the jurisdiction over the EPA is jurisdictional Delineations are performed on a property in order to delineate which waters are Waters of the U.S. and are therefore subject to CWA 404. Most often, a preliminary jurisdictional delineation is submitted to the Army Corps by the permit applicant, which the Corps then verifies. regulations, established by the EPA, to outline options available to the agencies to enforce the provisions of Section 404. The most beneficial one is the EPA and the least effective one is the FTC. I say this because In this case, a competitor of a manufacturer of an antimicrobial pesticide cleaner for hard surfaces in medical and dental facilities sued, alleging that the cleaning product falsely represented that the EPA had approved its product for certain uses. Specifically, the complaint alleged that EPA had cleared the product for use for one day after mixing, but the manufacturer made claims that it's product was effective for seven days after mixing. And the FTC Then there is the Federal Trade Commission (FTC) to consider. The FTC staff has concerns about the proliferation of antimicrobial-treated products and related claims. In September the FTC published a proposal consent order with Conopco Inc. and its division, Unilever Home & Personal Care USA; the order addressed antimicrobial claims that Vaseline® Brand Intensive Care® Lotion Antibacterial Hand Lotion "stops germs longer than washing alone," "keeps hands safe from germs for hours," and similar claims. The issue, as the FTC saw it, was simple. Advertising is the common denominator when it comes to the operational aspect of the 3 agencies. Its functionality and interactive-ness couldn’t not be downplayed or dismissed. Reference https://www.epa.gov/cwa-404/what-jurisdictional-delineation https://www.khlaw.com/710
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Outline
Introduction
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Conclusion


Running head: RESPONSE TO BAMIRODA

Response to Bamiroda
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RESPONSE TO BAMIRODA
Response to Bamiroda
I consent to the fact that federal agencies play a more significant role in the investigating
of the white-collar crimes as compared to the local policy agencies. One of the federal agencies
that has aided in the evaluation of the w...


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