Chapter 6.1 PowerPoint

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6.1
Government and Laws
Bellwork -1/3
Get
out your laptop
Grab a worksheet from the
front table and begin!
Put up your laptop when you
are finished.
I Can…
 Identify
federal regulator agencies & laws
 Explain the role of government in a free
enterprise system
FDA
 Food
and Drug Administration
 Federal agency that regulates labeling
and safety of food, drugs, and cosmetics
sold in the U.S.
 Protects consumers
CPSC
 Consumer
Product Safety Commission
 Federal agency responsible for
overseeing the safety of all products
except food, drugs, cosmetics, medical
devices, tobacco products, firearms and
ammunition, motor vehicles, pesticides,
aircraft, boats, and fixed site amusement
rides
 Protects consumers
EEOC
 Equal
Employment Opportunity
Commission
 Federal agency responsible for the fair
and equitable treatment of employees
with regard to hiring, firing, and
promotions
 Protects workers
OSHA
 Occupational
Safety and Health
Administration
 Federal agency that provides guidelines
for workplace safety and enforces those
regulations
 Protects workers
SEC
 Securities
and Exchange Commission
 Federal agency that regulates the sale of
securities (stocks and bonds), licenses
brokerage firms and financial advisers,
and investigates dealings among
corporations
 Protects investors
EPA
 Environmental
Protection Agency
 Federal agency that protects human
health and our environment
 Protects environment
FTC
 Federal
Trade Commission
 Federal agency responsible for enforcing
the principles of a free enterprise system
and protecting consumers from unfair or
deceptive business practices
 Protects consumers
Roles of Government
 Provider
of Services
 Customer
 Regulator
 Enforcer of free enterprise
 Monitor of the economy
Structure of the U.S.
Government
 Executive




Branch
President
Executive Departments
Independent Agencies & Corporations
Example: USDA inspects, grades, and
certifies beef, lamb, pork, and veal
Structure of the U.S.
Government
 Legislative

U.S. Congress
 Debate

Branch
& vote on laws & regulations
Includes:
 Senate
 House

of Representatives
Example: COOL – the country of origin label
must be on meat products
Structure of the U.S.
Government
 Judicial



Branch
Uphold laws & regulations through courts
Businesses can appeal laws or regulations
that negatively affect business
Example: Telecommunication Act of 1996
Phone companies appealed act that
would require them to discount
competitors’ phone networks
I Can…
 Identify
federal regulator agencies & laws
 Explain the role of government in a free
enterprise system
Think About It…
 Why
were laws involving grades of beef &
quality of dairy products created?
 What
might happen if these laws were no
longer in place?
Ticket out the Door
 How
does the role of government
influence marketing?
 Name
the responsibilities of the FDA.
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