Assignment 28

 Legal factors affecting business  

Student’s Name: María Daniela Rodríguez Naranjo

NUA:  231468

DEFINE IN DETAIL.  

What is Organizational Law?  

Organizational Law are laws that regulate the organizations. It involves the way in which the organizations are shaped, for example, civil societies, commercial companies, organizations of all kinds. 

“Business organization refers to the numerous ways a business may be legally formed under state laws”.

FindLaw (2020). What is business organization law?. Retrieved from https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/business-organization.html. January 06, 2022

What does Employment Law refer to? 

Employment law is the set of rules that regulate the employment relationship between employers and employees. It involves the rights and obligations of both parties, for example employee vacations, salary, health insurance, etc.

CIPD. Employment Law. Retrieved from https://www.cipd.co.uk/knowledge/fundamentals/emp-law#gref. January 06, 2022

How are Consumer laws defined?  

Consumer laws are the rights that a consumer has at the time of purchase. The law seeks that companies comply with honest practices with the consumer. It seeks to protect the consumer when purchasing a good or a service 

“Consumer law involves all of the regulations and statutes that seek to create a more equitable balance for buyers in the marketplace and prevent sellers from using dishonest tactics”.

FindLaw (2016). What is Consumer Law?. Retrieved from https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/consumer-law.html. January 06, 2022

What is Securities Law?  

Securities law are laws that protect anyone who wants to be part of an organization, such as shareholders. The laws allow investors to get the necessary and accurate information about where they put their money. The law guarantees that everything is legal and done in the right way to avoid theft or fraud.

“Securities laws are designed to ensure investors have accurate information regarding the interests they are buying”. 

Dugger, A. Securities Law: definition, statutes & penalties. Retrieved from https://study.com/academy/lesson/securities-law-definition-statutes-penalties.html#:~:text=state%20to%20state.-,Lesson%20Summary,shares%2C%20and%20many%20other%20interests. January 06, 2022.

What does Health and Safety at the Workplace refer to?  

It tries to ensure that the work is safe in every aspect, that employees are in a good working environment. It involves safety at the time of work, such as having protective and quality equipment. A company must have safety protocols, such as fire and earthquake protocols. It also ensures that a building is in good condition.

“Employers are responsible for the physical safety of employees and anyone else who visits the workplace. This means making sure the relevant safety regulations and carefully followed”

Phoenix Health & Safety (2021). What is meant by health and safety in the workplace?. Retrieved from https://www.phoenixhsc.co.uk/blog/meant-health-safety-workplace.html. January 06, 2022

What is Taxation? 

Taxation is a financial obligation in which the government charges all citizens a certain amount of money from time to time. Taxes are levied through the purchase of products and taxes also levied on the basis of how much people earn. The government uses taxes to pay off debts and maintain the country in some way. 

“Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents”

Scott, G (2021). What is taxation?. Retrieved from https://www.investopedia.com/terms/t/taxation.asp. January 06, 2022