MATH 209 Week 2 Learning Team 2

  There is MATH 209 Chapter 6 Rational Expressions Answer Key Quiz in this pack.
Business - General Business
 Week 2: Administrative Regulations - Discussion

 Too much regulation - or not enough? (graded)





 On pages 209 through 213, your textbook has a series of cases and problems, most of which have been taken from real cases in the United States regulatory world of business. Each case has a unique feature to it, and provides future business leaders with guidance about the landmines which await when the government gets in line to attempt to regulate your business. Every day, profitable businesses meet hurdles of regulation which happen seemingly "out of the blue." Yet, under the Administrative Procedures Act (which exists at the federal level as well as in many if not most states, which have their own acts), rules of publication and due process do come into play. Savvy business leaders stay in front of these new and proposed regulations through many avenues, which we will explore and discuss this week, along with a fact scenario.

 As way of background, let us take you through a few of the cases in the book. First, problem seven, page 211, Chapter 6: In 1994, the company which owned Hooked on Phonics, Gateway Educational Products, Inc., entered into an agreed settlement with the FTC whereby they agreed not to make claims about how their product assisted young readers without proof from extensive research which supported their advertising claims. This was despite results from a yearlong study of several first-grade classrooms which showed vast improvement in students' reading skills. (Nathans, 1994)

 The FDA regulates new drugs and medical procedures for the U.S., as discussed in your textbook problem number eight, page 211, Chapter 6. However, the FDA's control is limited by law. The U.S. Dept of Health and Human Services is the federal dept to which the FDA reports. You can review the FDA's role in Lasik surgery on their very extensive website found at http://www.fda.gov (FDA role page: http://www.fda.gov/MedicalDevices/ProductsandMedicalProcedures/SurgeryandLifeSupport/LASIK/ucm061319.htm) On their website, you will find a plethora of information about the reach of this federal agency.

 The FAA is the agency within the U.S. Department of Transportation which regulates flight in the U.S. In 1988, the FAA stated that parachuting would be illegal in the San Diego Terminal Control Area and the courts ruled that the FAA had failed to comply with the Administrative Procedures Act when making the regulation, and overruled the FAA order. (See: http://law.justia.com/cases/federal/appellate-courts/F2/887/966/342988/) After reviewing the case, you will see that the court was not concerned so much with the substance of the order, but how it was created.

 In 1992, the Wall Street Journal ran an article about how much regulation on circuses was causing them to shut down, disappoint their audiences, and putting them out of business. Along with federal regulations, each state, county, and city had significant numbers of regulations which caused much difficulty in moving from state to state with animals, performers young, old, and foreign. We know most of you won't start circuses on your own - but what you learn from this exercise can be applied to nearly every business you can imagine, whether existing or startup.

 For our thread this week, we will cover administrative business regulations in a research

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