1. Government Regulations Employees Trade Issues Taxes

2. Employee Issues  Equal Employment Opportunity (EEOC) – protects against discrimination  Wrongful termination  Equal Pay Act of 1963 – “equal pay for equal work”  Fair Labor Standards Act of 1938 – established minimum wage and maximum working hours  Occupational Safety and Health Act (OSHA) – ensures safe and healthy working conditions

3. Trade Issues PPPPrice discrimination CCCConsumer Protection UUUUniform Commercial Code TTTTruth in Lending TTTTruth in Advertising

4. Price Discrimination  Clayton Act of 1914  Robinson-Patman Act of 1936  Enforced by Federal Trade Commission Business must show justification for giving lower price to some: Quantity purchased Quality purchased Cost savings (sale or coupon)

5. Consumer Protection  Food and Drug Administration (FDA)  Consumer Product Safety Commission  Fair Packaging and Labeling Act

6. Uniform Commercial Code Group of laws governing everything related to trade and business  Sales transactions  Bank deposits  Investment securities  Formation of contracts  Warranties and product liability

7. Lending and Advertising Truth-in-Lending  Consumer Credit Protection Act  Enforced by Federal Trade Commission Truth in Advertising  Misleading ads  Sale prices  Price comparisons  Bait-and-Switch tactics  Enforced by Federal Trade Commission

8. Taxes to know  Sales tax - % goes to state or local government  Payroll tax –FICA (Social Security tax) –State and Federal income tax  Federal Unemployment Tax  Business Income Tax