MANAGE RISK Question 2 Legislation and regulations from all levels of government will affect various aspects of business...

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Operations Management

MANAGE RISK
Question 2
Legislation and regulations from all levels of government willaffect various aspects of business operations and the riskmanagement aspect of business. The impact of legislation andregulations will depend on business operations/ type of business,the number of staff employed, industry sector and the structure ofthe business.
Explain in 100 - 150 words:
why it is necessary to have a working knowledge of thelegislation involved in business
what legislation or regulations apply to the industry area inwhich you work or intend to workâ€”list and give a brief descriptionof eight forms of relevant legislation
how and from where you sourced this information
Make a list of 10 forms of legislation or regulation that couldhave an impact on risk and that you might have to outline whencommunicating with employees.
Answer in your own words.

Answer & Explanation Solved by verified expert

3.9 Ratings (372 Votes)

That legislation traces what is and isnt lawful for a business to do and the standards on that can be muddled Along these lines its significant for the business to realize what their lawful rights and obligations are they could be violating the law and can stumble into genuine difficulty In this way obliviousness is no reason so regardless of whether you dont have the foggiest idea about the law on the off chance that you break it you despite everything get in a difficult situation See Answer

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