172 Workers Adjustment Retraining and Notification Act WARN in 1988 in response

172 workers adjustment retraining and notification

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171)Command and Control Government Legislation – legislatures mandate a specific behavior and establish a regulatory agency to monitor and enforce compliancea)Commonly used by governments to enact social policiesa.i)Example: public housing, state education, welfare, etc.172)Workers Adjustment Retraining and Notification Act (WARN) – in 1988 – in response to sudden dismissal of employees without sufficient notice coupled with company shutdowna)Law stated that companies with more than 100 employees must give 60 days’ advance notice of layoffs and plant closings to full time staff, unions and state and local government173)Deregulation – the removal of government controls from an industry or sector, to allow for a free and efficient marketplacea)Until recent deregulation of airlines and banking industries they had little or no competition174)Clash of Ethical Systems – according to Jacoby, the relationship between business and government in an adversarial onea)Two systems are a.i)Collectivistic Ethic of government – characterized by the subordination of individual goals and self interests to group interests and goals(a.i.1)Government officials view themselves as regulators, taxers and punishers of businessa.ii)Individualistic ethic of business – minimizing the obligations society places on individuals and emphasizing personal responsibility and freedom(a.ii.1)Business people view government officials and regulations as obstacles to economic success with much power to punish and hinder and little power to assist175)Lobbying – business’s primary means of influencing government 176)Lobbyist – a representative of an interest group who actively tries to influence public policya)Lobbyist work in Congress to try to put forth issues that are important to their group177)Interest Group – a group that tries to influence public policya)Interest groups are a powerful lobbying force in American politics178)Industries collectively form a lobbying group in an attempt to persuade legislators to vote for their interesta)American Banking Associationb)American Medical Association179)Political Action Committees – (PAC) – a group that raises and distributes money to candidatesa)Some are independent and some are associated with a special interest groupb)Organizations used to funnel financial contributions from interest groupsb.i)Controversial and will likely be a target of campaign reform 180)Bipartisan Campaign Reform Act – 2002 - McCain-Feingold Bill – placed restrictions on individual and corporate campaign contributions
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  • Business Ethics, Ethics, Corporate social responsibility, Sherman Antitrust Act, Clayton Antitrust Act

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