Legislation and Regulation Quiz Recap

What is the difference between a legislation and a regulation?

• Legislation is created by the government, while regulation is created by agencies.

• Legislation is a guideline, while regulation is a law.

• Legislation is a law, while regulation is a guideline.

• Legislation and regulation are the same.

Who creates a legislation?

• Government

• Private Companies

• Non-Governmental Organizations

• Individuals

Who creates a regulation?

• Government

• Regulatory Agencies

• Private Companies

• Individuals

What are the consequences of not following a legislation?

• Fines

• Imprisonment

• Both A and B

• None

What are the consequences of not following a regulation?

• Fines

• Imprisonment

• Both A and B

• None

What are some examples of a legislation that businesses have to follow?

• Discrimination Act 2010

• Environmental Guidelines

• Company policies

• Marketing Strategies

What are some examples of a regulation that businesses have to follow?

• Safety Standards

• Tax Laws

• Company Policies

• Marketing Strategies

What is the primary purpose of policies in business?

• To create confusion among employees

• To provide a framework for decision-making and ensur consistency

• To increase the workload of managers

• To reduce the number of employees

Which of the following is a benefit of having well-defined procedures in a business?

• Increased ambiguity in tasks

• Enhanced efficiency and productivity

• 
  Higher employee turnover

• 
  Reduced customer satisfaction

Why is it important for businesses to have policies and procedures?

• 
  To create a sense of fear among employees

• 
  To ensure legal compliance and protect the business

• 
  To make the workplace more chaotic

• 
  To reduce the need for training