ADM 1101 Lecture Notes - Lecture 8: Disclose

• School: University of Ottawa
• Department: Administration
• Course: ADM 1101
• Professor: Joseph Audi

Document Summary

Laissez faire: the market is in charge: all the way to government regulation. Corporate self-discipline regulation: through mission, values statement, codes of conduct or ethics. It is necessary, because can"t trust business to regulate itself. Government provides countervailing power to business by reflecting society"s concerns. However, the government is often criticized for being oppressive, ineffective, costly, rigid and weakly enforced. * government regulation: regulates businesses to protect consumers. No need for government-imposed laws or regulations. Consumers can force companies to behave in particular ways by refusing to purchase goods or services or through boycotts. The darker green the country is, the more there is economic freedom. Publicly expressed support for a candidate or party. Defined as: all attempts to influence directly or indirectly any government activity, and includes any attempt to influence legislators, their staff members, public administrators, and members of regulatory agencies. *if businesses lobby we pay the prices as consumers.