There are several laws in the United States that have been implemented to serve as checks and balances for business . Some of these laws come in the form of prevention such as Anti-Dummy Laws , which are there to prevent abuse of companies and to create accountability for businesses Other laws that have been put in effect are forms of checks and balances on businesses such as the Lemon Law , which protects the interests of the consumers . Several warranty laws have also been enacted to further the protection of the consumers . On the side
of criminal law , the RICO laws and the securities laws which prevent people from taking advantage of the market and business to cause economic sabotage
Discussion Question No . 1
What is the federal system of checks and balances The federal system of checks and balances is in place to ensure that there are no abuses of power . It is the system of checks and balances that ensures the stability of this democracy . An example of this would be the separation of powers in the United States government where the three (3 ) different bodies , the legislative , the judiciary , and the executive branch , are all considered as co-equals . No single branch exercises absolute power and each branch has a right to veto or review certain decisions made by other branches
How would you apply a checks and balances system to a business function
In a business function , a system of checks and balances can be applied by decentralizing power...
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