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Q: How does scientific discoveries and technological innovations create the need for rules and regulations to protect individuals and businesses?
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What are the various forces or elements of the firm's environment?

the economic aspects: business enterprises being economic institutions are directly influenced by many economic forces in its environment.the legal-political Aspects:business firms operations are also much affected by legal and political factors in their environment.(E.g.wage and employment laws,regulations on advertising,waster disposal.The technological aspects: technological development continuously occur throughout the world. technological developments lead to new products and or new ways of making the same products which can threaten pre-existing products sold by a firm.the social-cultural and demographic aspects: level of education, lifesyles, tastes and preferences, age profile, size, and geographic distribution of the populations


What are the indicators of prudential regulations?

The main indicators of prudential regulations are capital adequacy, liquidity and risk profile.


Are there some situations in which such regulations would be more appropriated than others?

Are there some situations in which such regulations would be more appropriate than others?


What safety regulations would you follow during a tsunami?

There are some general rules about what to do in a tsunami (get to high ground, etc.) but there are no regulations that cover such infrequent events.


What does destructive of these ends mean?

The ends are like rules or regulations. So when someone becomes destructive of them, they are not following the rules or dismissing regulations.

Related questions

How have scientific discoveries and technological innovations create the need for rules and regulations to protect individuals and businesses?

The answer is Improved Weather


What is meant by this statement Social and institutional innovations are as important for economic growth as technological and scientific inventions?

This statement emphasizes that social and institutional innovations, such as changes in regulations or organizational structures, play a crucial role in supporting economic growth alongside technological and scientific advancements. By improving how societies and institutions function, it can create an environment conducive to innovation, productivity, and sustainable growth. Ultimately, a holistic approach that considers both types of innovation is needed to drive economic progress.


How important is intellectual property to the world economy?

intellectual property right in summary,is a very important regulations which enable the inventors of new innovations or aunthors of different materials to enjoy the fruit of their own sweat in coming up with the innovations,


What action would most likely increase the number of discoveries scientists can make?

Tougher government regulation and decreased funding would likely decrease the number of discoveries scientists could make.


What kind of information can be found online at FINTRAC?

At FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) you can find information about Canada's anti-money laundering and counter-terrorist financing policies and regulations, as well as guidance for businesses on compliance requirements. Additionally, you can access public reports and publications on trends and typologies related to money laundering and terrorist financing in Canada.


Privacy laws and regulations allow individuals to file complaints if they believe their rights have been violated?

True


How can the pest analysis affect human resources strategies?

the poloitical, economic, social and technological factors could affect the human resource strategies. political- in terms of govt rules and regulations i.e increase in minimum wages, number of working hours etc. economical- in terms of the inflation rate, interest rate, labour cost, govt taxation etc. when the interest and inflation rate is high, the labour rate is automatically high. social- changes in demographics, change in customer tastes and prefereces, level of education, lifestyle of people etc technology- increase/ decrease in technological innovations.


Which type of law refers to the body of regulations that the government creates to control the activities of industries businesses and individuals?

Administrative Law


Which type of law refers to the body of regulations that the government creates to control the activities of industry business and individuals?

Administrative Law


What is the body of regulations created by governments to control the economic activities of industry business and individuals?

Administrative law


Which of the following is not available to the public?

Information about individuals' medical records is typically not available to the public due to privacy laws and regulations.


What are pull and push factors of sustainability?

Pull factors of sustainability are incentives and benefits that attract individuals or organizations to adopt sustainable practices, such as cost savings, competitive advantage, and positive environmental impacts. Push factors, on the other hand, are pressures and regulations that coerce or require individuals or organizations to adopt sustainable practices, such as government regulations, consumer demand, and reputational risks.