1. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Legal Aspects of Business 11.1 11.1Regulations Maintaining Competition 11.2 11.2Regulations Protecting Business and the Public 11.3 11.3Business Taxes CHAPTER 11

2. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e 11.1 11.1Regulations Maintaining Competition DLTs ● Explain how federal laws help regulate monopolies. ● Explain how federal laws help promote fair competition. 2 CHAPTER 11

3. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Regulating Monopolies ● Controlling monopolies ● Natural monopolies 3 CHAPTER 11

4. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Promoting Fair Competition ● Sherman Act ● Clayton Act ● Robinson-Patman Act ● Wheeler-Lea Act ● Federal Trade Commission ● Other federal agencies ● Providing bankruptcy relief 4 CHAPTER 11

5. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e 11.2 11.2Regulations Protecting Business and the Public DLTs ● Explain how patent, copyright, and trademark protection benefits business. ● Describe the ways in which government regulations protect consumers. ● Describe three methods used by state and local governments to regulate business. 5 CHAPTER 11

6. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Intellectual Property ● Patents ● Copyrights ● Trademarks 6 CHAPTER 11

7. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Regulations Protecting the Public ● Food and drugs ● Nonfood products ● Information 7 CHAPTER 11

8. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e State and Local Regulations ● Interstate commerce ● Intrastate commerce ● Licensing ● Public franchising ● Building codes and zoning 8 CHAPTER 11

9. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e 11.3 11.3 Business Taxes DLTs ● Discuss the nature of taxes and the fairness of progressive, proportional, and regressive taxes. ● Identify and explain the most common types of taxes that affect business. 9 CHAPTER 11

10. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e General Nature of Taxes ● Reasons for taxes ● Fairness of taxation ● Proportional taxation ● Progressive taxation ● Regressive taxation 10 CHAPTER 11

11. ©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Types of Taxes ● Income tax ● FICA taxes ● Sales tax ● Property tax ● Effect of taxes on business decisions 11 CHAPTER 11