Administrative Law and Regulatory Agencies Legal Environment of Business (DEA) Drug Enforcement Agency The administrative agency we decided on was the Drug Enforcement Agency (DEA). It was created by President Richard Nixon in 1973 through an Executive Order to establish unified command to combat. It was formed to regulate and put a stop to drug trafficking. It has nearly 5‚000 Special Agents and a budget of $2.02 billion per year. Also‚ a few more reasons on why it is formed: Manage
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ACCOUNTING REGULATORY AGENCIES Introduction Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards‚ users of financial statements would need to learn the accounting rules of each company‚ and comparisons between companies would be difficult. Numerous accounting bodies govern the accounting environment and accommodate the success of a business. The four main financial governing bodies include
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REGULATORY CAPTURE THEORY Capture theory assumes‚ firstly‚ that all members of society are economically rational. Therefore‚ each individual will pursue his or her self-interest to the point where the private marginal benefit from lobbying regulators just equals the private marginal cost. Regulation has the potential to redistribute the wealth. Therefore‚ people lobby for regulations that increase their wealth. Second‚ the capture view assumes‚ as with public-interest theory‚ that the government
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Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
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REGULATORY BODIES OF INDIA Financial Stability and Development council: The idea was first mooted in a committee headed by Raghuram Rajan in 1998. It is an apex regulatory body constituted by Government of India. It is an initiative to be better prepared for any future economic meltdown by regulating the economic assets. The aim of the body is to provide a stable financial sector development and inter-regulatory coordination. The body consists of: Chairperson: The Union Finance Minister of
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Unannounced locker searches are uncommon‚ despite the fact that locker searches help staff keep students in check. Schools should be a safe place for students to enjoy their education‚ and locker searches can help enforce that. Although some students are lacking in effort‚ many students are respectful‚ intelligent‚ and eager to learn. Students should allow random locker searches because if students do not have anything to hide‚ locker searches should not be a problem‚ lockers are owned by the district
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Human Borders: Drawn by fear‚ greed‚ and other human emotions Borders‚ both physical and cultural‚ have been a staple of human society and are a projection of a society’s values and fears‚ regardless of if they are just or not. In this paper I will be examining the presence of borders put up by humans and the reasons behind their creation. Some borders have extensive walls that were erected for a purpose‚ other borders walls are not physical‚ yet are just as effective at keeping people at bay.
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The Border Collie and the Greyhound are fascinating breeds. They have similarities and differences which make them a great subject for this assignment. This assignment is to inform the reader about Border Collies and Greyhound. Elizabeth picked this subject because it fascinates her and every one already picked dogs and cats. Border Collies and Greyhounds have a lot of similarities. Border Collies and Greyhounds are both hypoallergenic which means that they will most likely not give allergies. They
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unbelievable order is on Jan. 25‚ when President Trump signed an executive order to construct a wall along the United States’ southern border is inflaming relations between the United States and Mexico‚ strongly affects to American politics and economy‚ and damage to the environment; and so‚ in my opinion‚ his decision is just ignorant and wasted. Firstly‚ building a border wall not only affects to relations between the United States and Mexico but also American economy.
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Locker Searches “We must all hang together‚ or assuredly we shall all hang separately.”(Hang Together) those words were spoken by Benjamin Franklin while signing the Declaration of Independence. However‚ is our country “hanging separately” because of schools? If we must hang together‚ why do teachers not trust us enough that they have to search our locker for illegal drugs or weapons? Even though some people argue that locker searches can prevent illegal substances and weapons from entering the
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